Fund Holdings

Parallax Volatility Advisers, L.P.

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
SPDR S&P 500 ETF TR(SPY)(Put)13,575,70033,548,200+19,972,5008,387,746,24522,349,139,876+13,961,393,631
SPDR GOLD TR(GLD)(Call)610,4003,915,900+3,305,500186,068,2321,391,984,973+1,205,916,741
INVESCO QQQ TR(Call)2,337,4003,522,900+1,185,5001,289,403,3362,115,043,473+825,640,137
INVESCO QQQ TR(Put)6,187,7007,055,700+868,0003,413,382,8284,236,030,609+822,647,781
ISHARES TR(Put)5,150,7007,850,300+2,699,6001,111,469,5531,899,458,588+787,989,035
TESLA INC(TSLA)(Put)1,826,2002,419,800+593,600580,110,6921,076,133,456+496,022,764
SPDR S&P 500 ETF TR(SPY)(Call)1,727,6002,330,000+602,4001,067,397,6601,552,199,400+484,801,740
SELECT SECTOR SPDR TR(Call)8,463,70015,713,300+7,249,600443,243,969846,475,471+403,231,502
SPDR GOLD TR(GLD)(Put)612,5001,410,000+797,500186,708,375501,212,700+314,504,325
ISHARES TR(Call)1,743,1002,779,400+1,036,300376,143,549672,503,624+296,360,075
ALPHABET INC(GOOG)(Put)755,1001,411,000+655,900133,071,273343,014,100+209,942,827
SPDR GOLD TR(GLD)0548,077+548,0770194,824,9315.75%+194,824,931
META PLATFORMS INC(META)23,811285,409+261,59817,574,661209,598,6616.18%+192,024,000
BROADCOM INC(AVGO)(Put)1,326,7001,656,700+330,000365,704,855546,561,897+180,857,042
AMAZON COM INC(AMZN)(Call)264,0001,071,900+807,90057,918,960235,357,083+177,438,123
ORACLE CORP(ORCL)(Put)268,100836,800+568,70058,614,703235,341,632+176,726,929
AMAZON COM INC(AMZN)(Put)684,7001,359,400+674,700150,216,333298,483,458+148,267,125
APPLE INC(AAPL)(Put)1,448,9001,698,000+249,100297,270,813432,361,740+135,090,927
NVIDIA CORPORATION(NVDA)(Put)5,556,6005,408,000-148,600877,887,2341,009,024,640+131,137,406
TESLA INC(TSLA)0247,187+247,1870109,929,0023.24%+109,929,002
PALANTIR TECHNOLOGIES INC(PLTR)98,425618,024+519,59913,417,296112,739,9383.33%+99,322,642
ALIBABA GROUP HLDG LTD(BABA)(Call)303,300743,300+440,00034,397,253132,850,009+98,452,756
VANECK ETF TRUST(Put)935,4001,087,200+151,800260,864,352354,818,592+93,954,240
ALIBABA GROUP HLDG LTD(BABA)(Put)885,8001,010,400+124,600100,458,578180,588,792+80,130,214
PALANTIR TECHNOLOGIES INC(PLTR)(Put)302,500655,100+352,60041,236,800119,503,342+78,266,542
CARVANA CO(CVNA)(Call)614,900755,700+140,800207,196,704285,080,268+77,883,564
INTEL CORP(INTC)(Put)1,691,1003,303,500+1,612,40037,880,640110,832,425+72,951,785
STATE STR CORP(STT)(Call)15,700568,000+552,3001,669,53865,893,680+64,224,142
INVESCO QQQ TR0106,284+106,284063,809,7251.88%+63,809,725
ALPHABET INC(GOOG)(Call)1,049,5001,018,300-31,200184,953,385247,548,730+62,595,345
ARM HOLDINGS PLC(Call)239,400714,700+475,30038,720,556101,122,903+62,402,347
ISHARES TR(Call)52,400800,500+748,1004,226,06064,992,595+60,766,535
VISA INC(V)(Call)513,100707,000+193,900182,176,155241,355,660+59,179,505
SNOWFLAKE INC(SNOW)(Call)0246,900+246,900055,688,295+55,688,295
BEST BUY INC(BBY)(Call)0678,800+678,800051,330,856+51,330,856
NVIDIA CORPORATION(NVDA)(Call)2,495,4002,382,500-112,900394,248,246444,526,850+50,278,604
RIOT PLATFORMS INC(RIOT)(Call)916,7003,073,300+2,156,60010,358,71058,484,899+48,126,189
UBER TECHNOLOGIES INC(UBER)(Put)1,367,5001,791,000+423,500127,587,750175,464,270+47,876,520
SUPER MICRO COMPUTER INC(SMCI)(Put)840,3001,857,200+1,016,90041,183,10389,034,168+47,851,065
VANECK ETF TRUST(Call)375,500466,600+91,100104,719,440152,279,576+47,560,136
MP MATERIALS CORP(MP)(Put)1,395,7001,395,700046,434,93993,609,599+47,174,660
COREWEAVE INC(CRWV)(Put)67,400419,000+351,60010,990,24457,340,150+46,349,906
PDD HOLDINGS INC(PDD)(Call)567,900794,700+226,80059,436,414105,035,499+45,599,085
IREN LIMITED(Call)1,852,4001,541,000-311,40026,989,46872,319,130+45,329,662
SALESFORCE INC(CRM)(Call)63,800263,800+200,00017,397,62262,520,600+45,122,978
GE VERNOVA INC(GEV)(Call)27,10096,000+68,90014,339,96559,030,400+44,690,435
ALPHABET INC(GOOG)(Call)240,100357,900+117,80042,591,33987,166,545+44,575,206
MARA HOLDINGS INC(MARA)(Call)1,011,9003,309,200+2,297,30015,866,59260,425,992+44,559,400
REDDIT INC(RDDT)(Call)201,300321,300+120,00030,309,74173,895,787+43,586,046
AMAZON COM INC(AMZN)3,121200,482+197,361684,71644,019,8331.30%+43,335,117
ISHARES TR(Put)169,300621,100+451,80015,133,72757,992,107+42,858,380
ROCKET COS INC(RKT)(Put)15,0002,210,000+2,195,000212,70042,829,800+42,617,100
CATERPILLAR INC(CAT)(Call)70,900145,500+74,60027,524,08969,425,325+41,901,236
SNOWFLAKE INC(SNOW)(Put)0182,300+182,300041,117,765+41,117,765
SELECT SECTOR SPDR TR(Put)1,150,0001,542,300+392,30097,531,500137,789,082+40,257,582
SELECT SECTOR SPDR TR(Put)7,516,0008,047,400+531,400393,612,920433,513,438+39,900,518
ISHARES SILVER TR(SLV)(Call)915,9001,625,200+709,30030,050,67968,859,724+38,809,045
CIPHER MINING INC(CIFR)(Call)208,6003,140,400+2,931,800997,10839,537,636+38,540,528
CLOUDFLARE INC(NET)(Put)73,900245,800+171,90014,471,83752,746,222+38,274,385
TAKE-TWO INTERACTIVE SOFTWAR(TTWO)(Put)150,800289,400+138,60036,621,78074,769,384+38,147,604
COCA COLA CO(KO)(Put)96,800671,500+574,7006,848,60044,533,880+37,685,280
KRANESHARES TRUST(Put)935,7001,643,900+708,20032,122,58169,060,239+36,937,658
ALPHABET INC(GOOG)(Put)527,000530,000+3,00093,484,530129,081,500+35,596,970
BOEING CO(BA)0162,747+162,747035,125,6851.04%+35,125,685
BANK AMERICA CORP0675,372+675,372034,842,4411.03%+34,842,441
GOLDMAN SACHS GROUP INC(GS)042,778+42,778034,066,2601.00%+34,066,260
TAIWAN SEMICONDUCTOR MFG LTD(TSM)0121,158+121,158033,838,2181.00%+33,838,218
MICROSOFT CORP(MSFT)(Call)390,100439,900+49,800194,039,641227,846,205+33,806,564
RIGETTI COMPUTING INC(RGTI)(Put)01,117,500+1,117,500033,290,325+33,290,325
CAVA GROUP INC(CAVA)(Put)1,700553,100+551,400143,19133,412,771+33,269,580
LULULEMON ATHLETICA INC(LULU)(Put)72,300279,800+207,50017,177,03449,784,814+32,607,780
ALPHABET INC(GOOG)56,721174,161+117,4409,995,94242,338,5391.25%+32,342,597
INTEL CORP(INTC)(Call)758,8001,451,000+692,20016,997,12048,681,050+31,683,930
SNOWFLAKE INC(SNOW)0138,959+138,959031,342,2020.92%+31,342,202
IREN LIMITED(Put)923,200948,000+24,80013,451,02444,489,640+31,038,616
BAIDU INC(Call)64,500271,000+206,5005,531,52035,709,670+30,178,150
SELECT SECTOR SPDR TR(Put)451,000765,600+314,60036,828,66066,767,976+29,939,316
APPLE INC(AAPL)10,016125,539+115,5232,054,98331,965,9960.94%+29,911,013
BOEING CO(BA)(Put)1,323,2001,423,100+99,900277,250,096307,147,673+29,897,577
APPLOVIN CORP(APP)(Call)167,100123,000-44,10058,498,36888,380,420+29,882,052
SELECT SECTOR SPDR TR(Call)1,248,8001,512,500+263,700105,910,728135,126,750+29,216,022
COREWEAVE INC(CRWV)(Call)15,000231,300+216,3002,445,90031,653,405+29,207,505
ISHARES BITCOIN TRUST ETF(IBIT)(Call)1,274,9001,638,600+363,70078,036,629106,509,000+28,472,371
ASML HOLDING N V(Call)11,30038,300+27,0009,055,70737,077,847+28,022,140
CROWDSTRIKE HLDGS INC(CRWD)36,11993,680+57,56118,395,76845,938,7981.36%+27,543,030
TAIWAN SEMICONDUCTOR MFG LTD(TSM)(Put)1,606,9001,401,100-205,800363,946,781391,313,219+27,366,438
JD.COM INC(JD)(Call)359,5001,112,800+753,30011,734,08038,925,744+27,191,664
CITIGROUP INC(C)146,573386,606+240,03312,476,29439,240,5091.16%+26,764,215
WESTERN DIGITAL CORP(WDC)(Call)191,700322,400+130,70012,266,88338,707,344+26,440,461
CROWDSTRIKE HLDGS INC(CRWD)(Put)67,200123,500+56,30034,225,63260,561,930+26,336,298
MORGAN STANLEY(MS)0164,861+164,861026,206,3050.77%+26,206,305
APPLIED MATLS INC(Call)8,500134,700+126,2001,556,09527,578,478+26,022,383
NEBIUS GROUP N.V.(NBIS)(Put)158,100301,600+143,5008,747,67333,860,632+25,112,959
ROYAL CARIBBEAN GROUP(Put)502,700564,000+61,300157,415,478182,499,120+25,083,642
AIR PRODS & CHEMS INC(Call)090,000+90,000024,544,800+24,544,800
VANECK ETF TRUST(Put)971,400975,400+4,00050,571,08474,520,560+23,949,476
TARGET CORP(TGT)(Put)11,800274,900+263,1001,164,07024,658,530+23,494,460
T-MOBILE US INC(TMUS)(Put)141,300237,800+96,50033,666,13856,924,564+23,258,426
BROADCOM INC(AVGO)069,932+69,932023,071,2660.68%+23,071,266
ROYAL GOLD INC(RGLD)(Put)0115,000+115,000023,066,700+23,066,700
Page 1 of 19