Instuitional Investor - Marathon Trading Investment Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf TrustPUT	SPY	244,900	$151,311,465	18.09%
2.	Spdr Gold TrustCALL	GLD	356,300	$108,610,929	12.98%
3.	Tesla Inc.PUT	TSLA	185,000	$58,767,100	7.03%
4.	Spdr S & P 500 Etf Trust	SPY	79,631	$49,200,013	5.88%
5.	Spdr Gold TrustPUT	GLD	115,800	$35,299,314	4.22%