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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AG MTG INVT TR INC COM 001228105 1,595 500,000 SH Put OTR 1, 2, 3 0 500,000 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 53,355 3,619,756 SH   OTR 1, 2, 3 0 3,619,756 0
AMERICAN AIRLS GROUP INC COM 02376R102 19,605 1,500,000 SH Put OTR 1, 2, 3 0 1,500,000 0
BOSTON PPTYS LTD PARTNERSHIP COM 101121101 90,380 1,000,000 SH Put OTR 1, 2, 3 0 1,000,000 0
CHIMERA INVT CORP COM NEW 16934Q208 3,416 355,500 SH   OTR 1, 2, 3 0 355,500 0
CHIMERA INVT CORP NOTE 7.000% 4/0 16934QAA7 29,674 20,000,000 PRN   OTR 1, 2, 3 0 20,000,000 0
ETF SER SOLUTIONS US GLB JETS 26922A842 16,650 1,000,000 SH Put OTR 1, 2, 3 0 1,000,000 0
FRONT YD RESIDENTIAL CORP COM 35904G107 63,150 7,258,569 SH   OTR 1, 2, 3 0 7,258,569 0
GENWORTH FINL INC COM CL A 37247D106 11,837 5,124,261 SH   OTR 1, 2, 3 0 5,124,261 0
HERTZ GLOBAL HLDGS INC COM 42806J106 1,410 1,000,000 SH Put OTR 1, 2, 3 0 1,000,000 0
INVESCO EXCHANGE-TRADED FD T SR LN ETF 46138G508 32,025 1,500,000 SH Put OTR 1, 2, 3 0 1,500,000 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 3,740 1,000,000 SH Put OTR 1, 2, 3 0 1,000,000 0
ISHARES INC MSCI AUST ETF 464286103 28,905 1,500,000 SH Put OTR 1, 2, 3 0 1,500,000 0
ISHARES SILVER TR ISHARES 46428Q109 51,030 3,000,000 SH   OTR 1, 2, 3 0 3,000,000 0
ISHARES SILVER TR ISHARES 46428Q109 238,140 14,000,000 SH Call OTR 1, 2, 3 0 14,000,000 0
ISHARES TR 20 YR TR BD ETF 464287432 122,966 750,115 SH   OTR 1, 2, 3 0 750,115 0
ISHARES TR 20 YR TR BD ETF 464287432 311,467 1,900,000 SH Call OTR 1, 2, 3 0 1,900,000 0
ISHARES TR CHINA LG-CAP ETF 464287184 35,730 900,000 SH Put OTR 1, 2, 3 0 900,000 0
ISHARES TR JPMORGAN USD EMG 464288281 43,688 400,000 SH Put OTR 1, 2, 3 0 400,000 0
ISHARES TR MSCI EMG MKT ETF 464287234 99,975 2,500,000 SH Put OTR 1, 2, 3 0 2,500,000 0
ISHARES TR RUSSELL 2000 ETF 464287655 372,268 2,600,000 SH Put OTR 1, 2, 3 0 2,600,000 0
ISHARES TR U.S. REAL ES ETF 464287739 78,810 1,000,000 SH Put OTR 1, 2, 3 0 1,000,000 0
MARRIOTT INTL INC NEW CL A 571903202 25,719 300,000 SH Put OTR 1, 2, 3 0 300,000 0
MR COOPER GROUP INC COM 62482R107 55,776 4,483,602 SH   OTR 1, 2, 3 0 4,483,602 0
OCWEN FINL CORP COM NEW 675746309 8,603 12,956,147 SH   OTR 1, 2, 3 0 12,956,147 0
PROSHARES TR ULTRAPRO QQQ 74347X831 68,355 700,000 SH Put OTR 1, 2, 3 0 700,000 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 168,922 7,300,000 SH Put OTR 1, 2, 3 0 7,300,000 0
SIMON PPTY GROUP INC NEW COM 828806109 41,028 600,000 SH Put OTR 1, 2, 3 0 600,000 0
SPDR GOLD TR GOLD SHS 78463V107 154,817 925,000 SH   OTR 1, 2, 3 0 925,000 0
SPDR GOLD TR GOLD SHS 78463V107 599,185 3,580,000 SH Call OTR 1, 2, 3 0 3,580,000 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 416,286 1,350,000 SH Put OTR 1, 2, 3 0 1,350,000 0
SPDR SER TR S&P REGL BKG 78464A698 107,592 2,802,600 SH Put OTR 1, 2, 3 0 2,802,600 0
SYNCHRONY FINANCIAL COM 87165B103 24,376 1,100,000 SH Put OTR 1, 2, 3 0 1,100,000 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 66,024 1,800,000 SH Call OTR 1, 2, 3 0 1,800,000 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 13,387 270,000 SH Put OTR 1, 2, 3 0 270,000 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 14,874 300,000 SH Call OTR 1, 2, 3 0 300,000 0
VORNADO RLTY TR SH BEN INT 929042109 92,659 2,425,000 SH Put OTR 1, 2, 3 0 2,425,000 0