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
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 47,356 3,737,631 SH   OTR 1, 2, 3 0 3,737,631 0
AMERICAN EXPRESS CO COM 025816109 50,125 500,000 SH Put OTR 1, 2, 3 0 500,000 0
BANK OZK COM 06417N103 21,320 1,000,000 SH Put OTR 1, 2, 3 0 1,000,000 0
BARCLAYS BANK PLC IPTH SR B S&P 06746P621 29,880 1,200,000 SH Call OTR 1, 2, 3 0 1,200,000 0
BARCLAYS BANK PLC IPTH SR B S&P 06746P621 21,165 850,000 SH   OTR 1, 2, 3 0 850,000 0
BARRICK GOLD CORP COM 067901108 42,165 1,500,000 SH Call OTR 1, 2, 3 0 1,500,000 0
BARRICK GOLD CORP COM 067901108 22,488 800,000 SH   OTR 1, 2, 3 0 800,000 0
BOSTON PROPERTIES INC COM 101121101 80,300 1,000,000 SH Put OTR 1, 2, 3 0 1,000,000 0
CHIMERA INVT CORP COM NEW 16934Q208 7,384 900,500 SH   OTR 1, 2, 3 0 900,500 0
CHIMERA INVT CORP NOTE 7.000% 4/0 16934QAA7 25,867 20,000,000 PRN   OTR 1, 2, 3 0 20,000,000 0
CREDIT ACCEP CORP MICH COM 225310101 16,932 50,000 SH Put OTR 1, 2, 3 0 50,000 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 35,161 685,000 SH Put OTR 1, 2, 3 0 685,000 0
ETF SER SOLUTIONS US GLB JETS 26922A842 50,700 3,000,000 SH Put OTR 1, 2, 3 0 3,000,000 0
FRONT YD RESIDENTIAL CORP COM 35904G107 8,740 1,000,000 SH Call OTR 1, 2, 3 0 1,000,000 0
FRONT YD RESIDENTIAL CORP COM 35904G107 67,145 7,682,494 SH   OTR 1, 2, 3 0 7,682,494 0
GENWORTH FINL INC COM CL A 37247D106 21,558 6,435,200 SH   OTR 1, 2, 3 0 6,435,200 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 59,724 700,000 SH Put OTR 1, 2, 3 0 700,000 0
INVESCO EXCH TRADED FD TR II SR LN ETF 46138G508 21,740 1,000,000 SH Put OTR 1, 2, 3 0 1,000,000 0
INVESCO QQQ TR UNIT SER 1 46090E103 973,829 3,505,000 SH Put OTR 1, 2, 3 0 3,505,000 0
ISHARES INC MSCI AUST ETF 464286103 39,440 2,000,000 SH Put OTR 1, 2, 3 0 2,000,000 0
ISHARES SILVER TR ISHARES 46428Q109 264,008 12,200,000 SH Call OTR 1, 2, 3 0 12,200,000 0
ISHARES SILVER TR ISHARES 46428Q109 107,023 4,945,600 SH   OTR 1, 2, 3 0 4,945,600 0
ISHARES TR 20 YR TR BD ETF 464287432 669,366 4,100,000 SH Call OTR 1, 2, 3 0 4,100,000 0
ISHARES TR 20 YR TR BD ETF 464287432 32,652 200,000 SH   OTR 1, 2, 3 0 200,000 0
ISHARES TR CHINA LG-CAP ETF 464287184 210,000 5,000,000 SH Put OTR 1, 2, 3 0 5,000,000 0
ISHARES TR JPMORGAN USD EMG 464288281 88,712 800,000 SH Put OTR 1, 2, 3 0 800,000 0
ISHARES TR MSCI EAFE ETF 464287465 63,650 1,000,000 SH Put OTR 1, 2, 3 0 1,000,000 0
ISHARES TR MSCI EMG MKT ETF 464287234 44,090 1,000,000 SH Put OTR 1, 2, 3 0 1,000,000 0
ISHARES TR RUSSELL 2000 ETF 464287655 621,629 4,150,000 SH Put OTR 1, 2, 3 0 4,150,000 0
KINROSS GOLD CORP COM 496902404 11,466 1,300,000 SH Call OTR 1, 2, 3 0 1,300,000 0
KINROSS GOLD CORP COM 496902404 17,487 1,982,606 SH   OTR 1, 2, 3 0 1,982,606 0
MARRIOTT INTL INC NEW CL A 571903202 64,806 700,000 SH Put OTR 1, 2, 3 0 700,000 0
MASTERCARD INCORPORATED CL A 57636Q104 33,817 100,000 SH Put OTR 1, 2, 3 0 100,000 0
MR COOPER GROUP INC COM 62482R107 83,301 3,732,102 SH   OTR 1, 2, 3 0 3,732,102 0
NOVAGOLD RES INC COM NEW 66987E206 8,323 700,000 SH Call OTR 1, 2, 3 0 700,000 0
NOVAGOLD RES INC COM NEW 66987E206 8,006 673,302 SH   OTR 1, 2, 3 0 673,302 0
OCWEN FINL CORP COM NEW 675746606 18,242 863,744 SH   OTR 1, 2, 3 0 863,744 0
PARK HOTELS RESORTS INC COM 700517105 9,990 1,000,000 SH Put OTR 1, 2, 3 0 1,000,000 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 288,840 12,000,000 SH Put OTR 1, 2, 3 0 12,000,000 0
SIMON PPTY GROUP INC NEW COM 828806109 38,808 600,000 SH Put OTR 1, 2, 3 0 600,000 0
SPDR GOLD TR GOLD SHS 78463V107 513,648 2,900,000 SH Call OTR 1, 2, 3 0 2,900,000 0
SPDR GOLD TR GOLD SHS 78463V107 164,722 930,000 SH   OTR 1, 2, 3 0 930,000 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 2,499,954 7,465,000 SH Put OTR 1, 2, 3 0 7,465,000 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 120,221 3,070,000 SH Call OTR 1, 2, 3 0 3,070,000 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 40,170 1,025,804 SH   OTR 1, 2, 3 0 1,025,804 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 83,040 1,500,000 SH Call OTR 1, 2, 3 0 1,500,000 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 41,243 745,000 SH   OTR 1, 2, 3 0 745,000 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 52,430 1,000,000 SH Put OTR 1, 2, 3 0 1,000,000 0
VORNADO RLTY TR SH BEN INT 929042109 26,968 800,000 SH Put OTR 1, 2, 3 0 800,000 0