The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBVIE INC COM 00287Y109   2,037,552 8,800 SH   SOLE   8,800 0 0
ABIVAX SA SPONSORED ADS 00370M103   849,000 10,000 SH   SOLE   10,000 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101   873,704 3,543 SH   DFND 1 3,543 0 0
ALIGN TECHNOLOGY INC COM 016255101   1,239,678 9,900 SH Put SOLE   9,900 0 0
ALIGN TECHNOLOGY INC COM 016255101   1,239,678 9,900 SH Call SOLE   9,900 0 0
ALLY FINL INC COM 02005N100   2,839,060 72,425 SH   SOLE   72,425 0 0
ALPHABET INC CAP STK CL C 02079K107   5,820,845 23,900 SH   SOLE   23,900 0 0
ALPHABET INC CAP STK CL A 02079K305   1,542,226 6,344 SH   DFND 1 6,344 0 0
AMAZON COM INC COM 023135106   4,391,400 20,000 SH Put DFND 1 20,000 0 0
AMAZON COM INC COM 023135106   1,738,336 7,917 SH   DFND 1 7,917 0 0
AMAZON COM INC COM 023135106   2,195,700 10,000 SH Call DFND 1 10,000 0 0
AMPHENOL CORP NEW CL A 032095101   1,998,315 16,148 SH   DFND 1 16,148 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108   2,384,400 40,000 SH Put SOLE   40,000 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108   2,384,400 40,000 SH Call SOLE   40,000 0 0
APPLE INC COM 037833100   1,145,835 4,500 SH Call DFND 1 4,500 0 0
APPLE INC COM 037833100   5,729,175 22,500 SH Put DFND 1 22,500 0 0
APPLIED MATLS INC COM 038222105   2,047,400 10,000 SH Call DFND 1 10,000 0 0
APPLIED MATLS INC COM 038222105   2,047,400 10,000 SH Put DFND 1 10,000 0 0
APPLOVIN CORP COM CL A 03831W108   10,778,100 15,000 SH Put SOLE   15,000 0 0
APPLOVIN CORP COM CL A 03831W108   1,792,039 2,494 SH   SOLE   2,494 0 0
ARISTA NETWORKS INC COM SHS 040413205   1,661,094 11,400 SH   SOLE   11,400 0 0
ASA GOLD AND PRECIOUS MTLS L SHS G3156P103   537,417 11,734 SH   DFND 1 11,734 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108   1,534,400 20,000 SH   SOLE   20,000 0 0
ATI INC COM 01741R102   3,448,816 42,400 SH   DFND 1 42,400 0 0
ATOUR LIFESTYLE HLDGS LTD SPONSORED ADS 04965M106   966,063 25,700 SH   DFND 1 25,700 0 0
AVIS BUDGET GROUP COM 053774105   226,732 1,412 SH   SOLE   1,412 0 0
AVIS BUDGET GROUP COM 053774105   1,364,888 8,500 SH Put SOLE   8,500 0 0
BAKER HUGHES COMPANY CL A 05722G100   1,023,120 21,000 SH Call SOLE   21,000 0 0
BAKER HUGHES COMPANY CL A 05722G100   1,023,120 21,000 SH Put SOLE   21,000 0 0
BANK AMERICA CORP COM 060505104   2,631,090 51,000 SH   SOLE   51,000 0 0
BANK AMERICA CORP COM 060505104   3,353,350 65,000 SH Call DFND 1 65,000 0 0
BANK AMERICA CORP COM 060505104   3,353,350 65,000 SH Put DFND 1 65,000 0 0
BARCLAYS BANK PLC IPATH S&P 500 SH 06748M196   331,600 10,000 SH Put DFND 1 10,000 0 0
BILIBILI INC SPONS ADS REP Z 090040106   5,975,305 212,720 SH   SOLE   212,720 0 0
BIONTECH SE SPONSORED ADS 09075V102   986,200 10,000 SH   SOLE   10,000 0 0
BIO-TECHNE CORP COM 09073M104   1,668,900 30,000 SH Put SOLE   30,000 0 0
BIO-TECHNE CORP COM 09073M104   1,668,900 30,000 SH Call SOLE   30,000 0 0
BLACKROCK CALIF MUN INCOME T SH BEN INT 09248E102   130,809 11,946 SH   DFND 1 11,946 0 0
BLACKROCK ESG CAP ALLC TERM SHS BEN INT 09262F100   685,094 41,774 SH   DFND 1 41,774 0 0
BLACKSTONE INC COM 09260D107   1,708,500 10,000 SH Call DFND 1 10,000 0 0
BLACKSTONE INC COM 09260D107   1,708,500 10,000 SH Put DFND 1 10,000 0 0
BLOOM ENERGY CORP COM CL A 093712107   1,544,840 18,267 SH   DFND 1 18,267 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107   1,216,487 22,918 SH   SOLE   22,918 0 0
BROADCOM INC COM 11135F101   8,247,750 25,000 SH Put DFND 1 25,000 0 0
BROADCOM INC COM 11135F101   3,139,094 9,515 SH   DFND 1 9,515 0 0
BWX TECHNOLOGIES INC COM 05605H100   276,555 1,500 SH   DFND 1 1,500 0 0
CAPITAL ONE FINL CORP COM 14040H105   2,125,800 10,000 SH Call DFND 1 10,000 0 0
CAPITAL ONE FINL CORP COM 14040H105   239,365 1,126 SH   DFND 1 1,126 0 0
CAPITAL ONE FINL CORP COM 14040H105   2,125,800 10,000 SH Put DFND 1 10,000 0 0
CARPENTER TECHNOLOGY CORP COM 144285103   3,043,714 12,396 SH   DFND 1 12,396 0 0
CATERPILLAR INC COM 149123101   2,385,750 5,000 SH Put DFND 1 5,000 0 0
CATERPILLAR INC COM 149123101   2,385,750 5,000 SH Call DFND 1 5,000 0 0
CELESTICA INC COM 15101Q207   1,010,158 4,100 SH   SOLE   4,100 0 0
CHEVRON CORP NEW COM 166764100   1,552,900 10,000 SH Call DFND 1 10,000 0 0
CIENA CORP COM NEW 171779309   3,641,750 25,000 SH Put SOLE   25,000 0 0
CIENA CORP COM NEW 171779309   3,641,750 25,000 SH Call SOLE   25,000 0 0
CISCO SYS INC COM 17275R102   3,421,000 50,000 SH Put SOLE   50,000 0 0
CISCO SYS INC COM 17275R102   3,421,000 50,000 SH Call SOLE   50,000 0 0
CITIGROUP INC COM NEW 172967424   3,348,993 32,995 SH   SOLE   32,995 0 0
COGNEX CORP COM 192422103   1,307,177 28,856 SH   DFND 1 28,856 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102   4,620,788 68,895 SH   DFND 1 68,895 0 0
COHERENT CORP COM 19247G107   2,531,420 23,500 SH   DFND 1 23,500 0 0
COINBASE GLOBAL INC COM CL A 19260Q107   2,054,302 6,087 SH   SOLE   6,087 0 0
COINBASE GLOBAL INC COM CL A 19260Q107   430,975 1,277 SH   DFND 1 1,277 0 0
COINBASE GLOBAL INC COM CL A 19260Q107   13,499,600 40,000 SH Put SOLE   40,000 0 0
CONOCOPHILLIPS COM 20825C104   1,418,850 15,000 SH Call DFND 1 15,000 0 0
CONSTELLATION ENERGY CORP COM 21037T109   7,963,494 24,200 SH Put SOLE   24,200 0 0
CONSTELLATION ENERGY CORP COM 21037T109   986,223 2,997 SH   SOLE   2,997 0 0
D R HORTON INC COM 23331A109   1,025,971 6,054 SH   DFND 1 6,054 0 0
DANAHER CORPORATION COM 235851102   1,586,080 8,000 SH   SOLE   8,000 0 0
DECKERS OUTDOOR CORP COM 243537107   719,727 7,100 SH   SOLE   7,100 0 0
DOLLAR GEN CORP NEW COM 256677105   206,700 2,000 SH   SOLE   2,000 0 0
DRAFTKINGS INC NEW COM CL A 26142V105   542,300 14,500 SH   DFND 1 14,500 0 0
DUOLINGO INC CL A COM 26603R106   257,472 800 SH   SOLE   800 0 0
EATON CORP PLC SHS G29183103   344,684 921 SH   DFND 1 921 0 0
EATON CORP PLC SHS G29183103   4,041,900 10,800 SH Call SOLE   10,800 0 0
EATON CORP PLC SHS G29183103   4,041,900 10,800 SH Put SOLE   10,800 0 0
EATON VANCE CALIF MUN BD FD COM 27828A100   111,555 11,755 SH   DFND 1 11,755 0 0
EATON VANCE NEW YORK MUN BD COM 27827Y109   107,977 10,951 SH   DFND 1 10,951 0 0
ECOLAB INC COM 278865100   3,039,846 11,100 SH Call SOLE   11,100 0 0
ECOLAB INC COM 278865100   3,039,846 11,100 SH Put SOLE   11,100 0 0
ELBIT SYS LTD ORD M3760D101   1,394,813 2,736 SH   DFND 1 2,736 0 0
ELI LILLY & CO COM 532457108   381,500 500 SH   SOLE   500 0 0
EMERSON ELEC CO COM 291011104   3,528,742 26,900 SH Call SOLE   26,900 0 0
EMERSON ELEC CO COM 291011104   3,528,742 26,900 SH Put SOLE   26,900 0 0
EOG RES INC COM 26875P101   303,172 2,704 SH   DFND 1 2,704 0 0
EOG RES INC COM 26875P101   1,166,048 10,400 SH Call DFND 1 10,400 0 0
EOG RES INC COM 26875P101   1,166,048 10,400 SH Put DFND 1 10,400 0 0
EXXON MOBIL CORP COM 30231G102   2,818,750 25,000 SH Call DFND 1 25,000 0 0
EXXON MOBIL CORP COM 30231G102   2,818,750 25,000 SH Put DFND 1 25,000 0 0
FIRST SOLAR INC COM 336433107   524,420 2,378 SH   DFND 1 2,378 0 0
FIVE BELOW INC COM 33829M101   243,188 1,572 SH   SOLE   1,572 0 0
FIVE BELOW INC COM 33829M101   417,690 2,700 SH Put SOLE   2,700 0 0
FLAGSTAR FINANCIAL INC COM NEW 649445400   999,191 86,510 SH   DFND 1 86,510 0 0
FMC CORP COM NEW 302491303   266,686 7,930 SH   SOLE   7,930 0 0
FMC CORP COM NEW 302491303   309,396 9,200 SH Call SOLE   9,200 0 0
FMC CORP COM NEW 302491303   309,396 9,200 SH Put SOLE   9,200 0 0
FREEDOM HLDG CORP NEV COM 356390104   1,145,697 6,656 SH   DFND 1 6,656 0 0
FREEPORT-MCMORAN INC CL B 35671D857   238,340 6,077 SH   DFND 1 6,077 0 0
FREEPORT-MCMORAN INC CL B 35671D857   1,568,800 40,000 SH Call DFND 1 40,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857   1,568,800 40,000 SH Put DFND 1 40,000 0 0
FRONTLINE PLC COM M46528101   501,380 22,000 SH   SOLE   22,000 0 0
FULL TRUCK ALLIANCE CO LTD SPONSORED ADS 35969L108   690,004 53,200 SH   DFND 1 53,200 0 0
GABELLI DIVID & INCOME TR COM 36242H104   323,742 11,933 SH   DFND 1 11,933 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108   1,378,610 35,623 SH   SOLE   35,623 0 0
GDS HLDGS LTD SPONSORED ADS 36165L108   1,087,470 28,100 SH   DFND 1 28,100 0 0
GE VERNOVA INC COM 36828A101   351,108 571 SH   DFND 1 571 0 0
GE VERNOVA INC COM 36828A101   6,149,000 10,000 SH Put SOLE   10,000 0 0
GE VERNOVA INC COM 36828A101   1,839,781 2,992 SH   SOLE   2,992 0 0
GENERAL AMERN INVS CO INC COM 368802104   246,352 3,960 SH   DFND 1 3,960 0 0
GENERAL DYNAMICS CORP COM 369550108   511,500 1,500 SH Call SOLE   1,500 0 0
GENERAL DYNAMICS CORP COM 369550108   511,500 1,500 SH Put SOLE   1,500 0 0
GENERAL MTRS CO COM 37045V100   609,700 10,000 SH Call DFND 1 10,000 0 0
GENERAL MTRS CO COM 37045V100   1,280,370 21,000 SH   SOLE   21,000 0 0
GENERAL MTRS CO COM 37045V100   609,700 10,000 SH Put DFND 1 10,000 0 0
GILEAD SCIENCES INC COM 375558103   2,775,000 25,000 SH Put SOLE   25,000 0 0
GILEAD SCIENCES INC COM 375558103   2,775,000 25,000 SH Call SOLE   25,000 0 0
GSK PLC SPONSORED ADR 37733W204   1,726,400 40,000 SH   SOLE   40,000 0 0
HILLTOP HOLDINGS INC COM 432748101   1,028,801 30,784 SH   DFND 1 30,784 0 0
IMMUNOVANT INC COM 45258J102   288,629 17,905 SH   DFND 1 17,905 0 0
INVESCO QQQ TR UNIT SER 1 46090E103   30,018,500 50,000 SH Put DFND 1 50,000 0 0
INVESCO QQQ TR UNIT SER 1 46090E103   3,001,850 5,000 SH Call DFND 1 5,000 0 0
IQVIA HLDGS INC COM 46266C105   3,153,004 16,600 SH   SOLE   16,600 0 0
ISHARES SILVER TR ISHARES 46428Q109   25,633,850 605,000 SH Call DFND 1 605,000 0 0
ISHARES SILVER TR ISHARES 46428Q109   1,381,262 32,600 SH Put DFND 1 32,600 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   9,678,400 40,000 SH Put DFND 1 40,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234   2,670,000 50,000 SH Call DFND 1 50,000 0 0
ISHARES TR MBS ETF 464288588   49,830,055 523,700 SH   DFND 1 523,700 0 0
ISHARES TR IBOXX HI YD ETF 464288513   12,584,450 155,000 SH Put DFND 1 155,000 0 0
ISHARES TR 20 YR TR BD ETF 464287432   22,342,500 250,000 SH Put DFND 1 250,000 0 0
ISHARES TR 20 YR TR BD ETF 464287432   1,340,550 15,000 SH Call DFND 1 15,000 0 0
ISHARES TR 20 YR TR BD ETF 464287432   2,131,564 23,851 SH   DFND 1 23,851 0 0
ITRON INC COM 465741106   409,180 3,285 SH   DFND 1 3,285 0 0
JOHNSON & JOHNSON COM 478160104   2,225,040 12,000 SH   SOLE   12,000 0 0
JOHNSON CTLS INTL PLC SHS G51502105   533,367 4,851 SH   DFND 1 4,851 0 0
JOYY INC ADS REPSTG COM A 46591M109   4,421,714 75,443 SH   SOLE   75,443 0 0
KANZHUN LIMITED SPONSORED ADS 48553T106   1,445,984 61,900 SH   DFND 1 61,900 0 0
KE HLDGS INC SPONSORED ADS 482497104   1,146,650 60,350 SH   SOLE   60,350 0 0
LAM RESEARCH CORP COM NEW 512807306   1,997,119 14,915 SH   DFND 1 14,915 0 0
LAUDER ESTEE COS INC CL A 518439104   1,912,204 21,700 SH Call SOLE   21,700 0 0
LAUDER ESTEE COS INC CL A 518439104   1,921,016 21,800 SH Put SOLE   21,800 0 0
LEIDOS HOLDINGS INC COM 525327102   1,832,912 9,700 SH Call SOLE   9,700 0 0
LEIDOS HOLDINGS INC COM 525327102   1,832,912 9,700 SH Put SOLE   9,700 0 0
LEXINFINTECH HLDGS LTD ADR 528877103   914,639 171,602 SH   SOLE   171,602 0 0
LI AUTO INC SPONSORED ADS 50202M102   4,695,502 185,300 SH   SOLE   185,300 0 0
LINDE PLC SHS G54950103   302,100 636 SH   DFND 1 636 0 0
LOWES COS INC COM 548661107   2,186,397 8,700 SH Put DFND 1 8,700 0 0
LOWES COS INC COM 548661107   2,186,397 8,700 SH Call DFND 1 8,700 0 0
LOWES COS INC COM 548661107   410,892 1,635 SH   DFND 1 1,635 0 0
LUFAX HOLDING LTD SPONSORED ADR 54975P201   1,369,438 337,300 SH   SOLE   337,300 0 0
LUMENTUM HLDGS INC COM 55024U109   6,508,400 40,000 SH Put SOLE   40,000 0 0
LUMENTUM HLDGS INC COM 55024U109   1,083,486 6,659 SH   SOLE   6,659 0 0
LUMENTUM HLDGS INC COM 55024U109   1,383,035 8,500 SH   DFND 1 8,500 0 0
MAKEMYTRIP LIMITED MAURITIUS SHS V5633W109   795,600 8,500 SH   DFND 1 8,500 0 0
MARATHON PETE CORP COM 56585A102   1,360,166 7,057 SH   DFND 1 7,057 0 0
MASTEC INC COM 576323109   338,581 1,591 SH   DFND 1 1,591 0 0
META PLATFORMS INC CL A 30303M102   23,867,350 32,500 SH Put DFND 1 32,500 0 0
METHANEX CORP COM 59151K108   2,552,592 64,200 SH   DFND 1 64,200 0 0
MICROCHIP TECHNOLOGY INC. COM 595017104   1,926,600 30,000 SH Put SOLE   30,000 0 0
MICROCHIP TECHNOLOGY INC. COM 595017104   1,157,180 18,019 SH   SOLE   18,019 0 0
MICROCHIP TECHNOLOGY INC. COM 595017104   1,926,600 30,000 SH Call SOLE   30,000 0 0
MICROSOFT CORP COM 594918104   18,128,250 35,000 SH Put DFND 1 35,000 0 0
MICROSOFT CORP COM 594918104   4,661,550 9,000 SH Call DFND 1 9,000 0 0
MICROSOFT CORP COM 594918104   1,035,900 2,000 SH   SOLE   2,000 0 0
MIRION TECHNOLOGIES INC COM CL A 60471A101   397,746 17,100 SH   DFND 1 17,100 0 0
MORGAN STANLEY COM NEW 617446448   3,179,200 20,000 SH Put DFND 1 20,000 0 0
MORGAN STANLEY COM NEW 617446448   3,179,200 20,000 SH Call DFND 1 20,000 0 0
MR COOPER GROUP INC COM 62482R107   1,067,862 5,066 SH   DFND 1 5,066 0 0
MYR GROUP INC DEL COM 55405W104   335,136 1,611 SH   DFND 1 1,611 0 0
NETFLIX INC COM 64110L106   5,994,600 5,000 SH Put DFND 1 5,000 0 0
NETFLIX INC COM 64110L106   902,787 753 SH   DFND 1 753 0 0
NEUBERGER BERMAN NEXT GENERA COMMON STOCK 64133Q108   232,530 15,119 SH   DFND 1 15,119 0 0
NIKE INC CL B 654106103   2,715,984 38,950 SH   SOLE   38,950 0 0
NUCOR CORP COM 670346105   785,494 5,800 SH Put SOLE   5,800 0 0
NUCOR CORP COM 670346105   785,494 5,800 SH Call SOLE   5,800 0 0
NUCOR CORP COM 670346105   1,219,412 9,004 SH   DFND 1 9,004 0 0
NUSCALE PWR CORP CL A COM 67079K100   360,000 10,000 SH   DFND 1 10,000 0 0
NUVEEN MULTI ASSET INCOME FU COM 670750108   168,506 12,982 SH   DFND 1 12,982 0 0
NVIDIA CORPORATION COM 67066G104   3,731,600 20,000 SH Call DFND 1 20,000 0 0
NVIDIA CORPORATION COM 67066G104   30,785,700 165,000 SH Put DFND 1 165,000 0 0
NVIDIA CORPORATION COM 67066G104   12,422,496 66,580 SH   DFND 1 66,580 0 0
NVR INC COM 62944T105   1,036,471 129 SH   DFND 1 129 0 0
NXP SEMICONDUCTORS N V COM N6596X109   1,201,048 5,274 SH   DFND 1 5,274 0 0
NYLI CBRE GBL INFR MEGTRNDS COM 56064Q107   152,878 10,414 SH   DFND 1 10,414 0 0
ON HLDG AG NAMEN AKT A H5919C104   3,811,331 89,996 SH   DFND 1 89,996 0 0
ORACLE CORP COM 68389X105   823,189 2,927 SH   DFND 1 2,927 0 0
ORACLE CORP COM 68389X105   8,437,200 30,000 SH Put DFND 1 30,000 0 0
PALO ALTO NETWORKS INC COM 697435105   589,887 2,897 SH   DFND 1 2,897 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102   3,805,835 28,795 SH   SOLE   28,795 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107   1,118,389 9,028 SH   DFND 1 9,028 0 0
PIMCO DYNAMIC INCOME STRATEG COM SHS BEN INT 69346N107   294,274 11,804 SH   DFND 1 11,804 0 0
PROGRESSIVE CORP COM 743315103   2,049,685 8,300 SH   SOLE   8,300 0 0
PRUDENTIAL FINL INC COM 744320102   1,244,880 12,000 SH Call DFND 1 12,000 0 0
PRUDENTIAL FINL INC COM 744320102   1,244,880 12,000 SH Put DFND 1 12,000 0 0
PULTE GROUP INC COM 745867101   1,039,202 7,865 SH   DFND 1 7,865 0 0
PURE STORAGE INC CL A 74624M102   947,053 11,300 SH Put SOLE   11,300 0 0
PURE STORAGE INC CL A 74624M102   947,053 11,300 SH Call SOLE   11,300 0 0
QUANTA SVCS INC COM 74762E102   329,464 795 SH   DFND 1 795 0 0
RENAISSANCERE HLDGS LTD COM G7496G103   2,107,619 8,300 SH   SOLE   8,300 0 0
RITHM CAPITAL CORP COM NEW 64828T201   991,636 87,062 SH   DFND 1 87,062 0 0
ROBINHOOD MKTS INC COM CL A 770700102   1,273,300 8,893 SH   SOLE   8,893 0 0
ROBINHOOD MKTS INC COM CL A 770700102   4,295,400 30,000 SH Put SOLE   30,000 0 0
ROCKET COS INC COM CL A 77311W101   1,056,559 54,518 SH   DFND 1 54,518 0 0
ROYAL CARIBBEAN GROUP COM V7780T103   702,492 2,171 SH   SOLE   2,171 0 0
ROYAL CARIBBEAN GROUP COM V7780T103   5,759,724 17,800 SH Put SOLE   17,800 0 0
SALESFORCE INC COM 79466L302   375,645 1,585 SH   DFND 1 1,585 0 0
SANDISK CORP COM 80004C200   561,000 5,000 SH   SOLE   5,000 0 0
SANDISK CORP COM 80004C200   570,761 5,087 SH   DFND 1 5,087 0 0
SCHWAB CHARLES CORP COM 808513105   954,700 10,000 SH Call DFND 1 10,000 0 0
SCHWAB CHARLES CORP COM 808513105   954,700 10,000 SH Put DFND 1 10,000 0 0
SEA LTD SPONSORD ADS 81141R100   1,733,681 9,700 SH   DFND 1 9,700 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506   1,786,800 20,000 SH Call DFND 1 20,000 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506   1,786,800 20,000 SH Put DFND 1 20,000 0 0
SEMTECH CORP COM 816850101   2,157,790 30,200 SH   DFND 1 30,200 0 0
SIGMA LITHIUM CORPORATION COM 826599102   3,730,235 581,940 SH   DFND 1 581,940 0 0
SKYWORKS SOLUTIONS INC COM 83088M102   1,924,500 25,000 SH Call SOLE   25,000 0 0
SKYWORKS SOLUTIONS INC COM 83088M102   1,924,500 25,000 SH Put SOLE   25,000 0 0
SNOWFLAKE INC COM SHS 833445109   6,766,500 30,000 SH Put SOLE   30,000 0 0
SO YOUNG INTERNATIONAL INC SPONSORED ADS 83356Q108   889,771 229,915 SH   SOLE   229,915 0 0
SPDR GOLD TR GOLD SHS 78463V107   7,998,075 22,500 SH Put DFND 1 22,500 0 0
SPDR GOLD TR GOLD SHS 78463V107   9,775,425 27,500 SH Call DFND 1 27,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   99,927,000 150,000 SH Put DFND 1 150,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   85,271,040 128,000 SH Call DFND 1 128,000 0 0
STRATEGY INC CL A NEW 594972408   3,042,629 9,443 SH   SOLE   9,443 0 0
STRATEGY INC CL A NEW 594972408   24,713,507 76,700 SH Put SOLE   76,700 0 0
SUPER MICRO COMPUTER INC COM NEW 86800U302   1,001,946 20,900 SH   DFND 1 20,900 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   5,585,800 20,000 SH Put DFND 1 20,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   2,981,421 10,675 SH   SOLE   10,675 0 0
TAPESTRY INC COM 876030107   2,796,534 24,700 SH   SOLE   24,700 0 0
TARGET CORP COM 87612E106   234,027 2,609 SH   SOLE   2,609 0 0
TARGET CORP COM 87612E106   4,485,000 50,000 SH Put SOLE   50,000 0 0
TERADYNE INC COM 880770102   1,224,996 8,900 SH   SOLE   8,900 0 0
TESLA INC COM 88160R101   889,440 2,000 SH Call DFND 1 2,000 0 0
TESLA INC COM 88160R101   1,689,047 3,798 SH   DFND 1 3,798 0 0
TESLA INC COM 88160R101   6,670,800 15,000 SH Put DFND 1 15,000 0 0
TRIP COM GROUP LTD ADS 89677Q107   902,400 12,000 SH   SOLE   12,000 0 0
TTM TECHNOLOGIES INC COM 87305R109   1,720,742 29,874 SH   DFND 1 29,874 0 0
UNITED AIRLS HLDGS INC COM 910047109   7,266,450 75,300 SH Put SOLE   75,300 0 0
UNITED AIRLS HLDGS INC COM 910047109   352,804 3,656 SH   SOLE   3,656 0 0
UNITED AIRLS HLDGS INC COM 910047109   2,441,450 25,300 SH Call SOLE   25,300 0 0
UP FINTECH HLDG LTD SPONSORED ADS 91531W106   953,898 89,400 SH   SOLE   89,400 0 0
US BANCORP DEL COM NEW 902973304   1,425,735 29,500 SH   SOLE   29,500 0 0
UWM HOLDINGS CORPORATION COM CL A 91823B109   1,038,053 170,452 SH   DFND 1 170,452 0 0
V F CORP COM 918204108   952,380 66,000 SH   SOLE   66,000 0 0
VANECK ETF TRUST SEMICONDUCTR ETF 92189F676   3,263,600 10,000 SH Put DFND 1 10,000 0 0
VIRTUS DIVIDEND INTEREST & P COM 92840R101   175,960 13,525 SH   DFND 1 13,525 0 0
VISTRA CORP COM 92840M102   6,112,704 31,200 SH Call SOLE   31,200 0 0
VISTRA CORP COM 92840M102   6,112,704 31,200 SH Put SOLE   31,200 0 0
WALMART INC COM 931142103   3,091,800 30,000 SH Put SOLE   30,000 0 0
WALMART INC COM 931142103   3,091,800 30,000 SH Call SOLE   30,000 0 0
WELLS FARGO CO NEW COM 949746101   1,676,400 20,000 SH Put DFND 1 20,000 0 0
WELLS FARGO CO NEW COM 949746101   1,676,400 20,000 SH Call DFND 1 20,000 0 0
WERIDE INC SPONSORED ADS 950915108   1,561,230 157,700 SH   SOLE   157,700 0 0
WESTERN DIGITAL CORP COM 958102105   861,791 7,178 SH   DFND 1 7,178 0 0
WILLIAMS COS INC COM 969457100   1,111,286 17,542 SH   DFND 1 17,542 0 0
XPENG INC ADS 98422D105   961,391 41,050 SH   SOLE   41,050 0 0
YATSEN HLDG LTD SPONSORED ADS 985194208   612,710 67,628 SH   SOLE   67,628 0 0
YUM CHINA HLDGS INC COM 98850P109   394,864 9,200 SH   SOLE   9,200 0 0
ZEPP HEALTH CORPORATION SPONSORED ADR 98945L204   457,800 10,000 SH   SOLE   10,000 0 0