Instuitional Investor - Bach Investment Advisors Ltd

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf TrustCALL	SPY	158,400	$51,044,000	21.6%
2.	Spdr S & P 500 Etf TrustPUT	SPY	124,700	$40,185,000	17%
3.	Spdr Gold TrustCALL	GLD	207,100	$29,595,000	12.52%
4.	Ishares TrustPUT	IEF	112,700	$15,269,000	6.46%
5.	Ishares TrustCALL	SLV	481,800	$8,036,000	3.4%