Marathon Trading Investment Management LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| STATE STR SPDR S&P 500 ETF T(SPY)(Put) | 40,400 | 550,000 | +509,600 | 27,549,568 | 357,687,000 | — | +330,137,432 |
| STATE STR SPDR S&P 500 ETF T(Call) CALL | 11,600 | 437,300 | +425,700 | 7,910,272 | 284,393,682 | — | +276,483,410 |
| SPDR GOLD TR(GLD)(Put) | 112,500 | 503,000 | +390,500 | 44,584,875 | 216,435,870 | — | +171,850,995 |
| MICROSOFT CORP(MSFT) | 62,058 | 205,696 | +143,638 | 30,012,490 | 76,142,488 | 22.60% | +46,129,998 |
| ISHARES BITCOIN TRUST ETF(IBIT)(Put) | 1,686,100 | 3,360,800 | +1,674,700 | 83,714,865 | 129,121,936 | — | +45,407,071 |
| MICROSOFT CORP(MSFT)(Put) | 61,300 | 200,700 | +139,400 | 29,645,906 | 74,293,119 | — | +44,647,213 |
| BEYOND MEAT INC(Put) | 105,000 | 148,800 | +43,800 | 86,100 | 25,354,152 | — | +25,268,052 |
| SPDR GOLD TR(GLD) | 34,812 | 75,146 | +40,334 | 13,796,344 | 32,334,572 | 9.60% | +18,538,228 |
| BROADCOM INC(AVGO)(Put) | 1,500 | 52,300 | +50,800 | 519,150 | 16,187,373 | — | +15,668,223 |
| BROADCOM INC(AVGO) | 6,963 | 51,386 | +44,423 | 2,409,894 | 15,904,481 | 4.72% | +13,494,587 |
| PAGAYA TECHNOLOGIES LTD(PGY)(Put) | 0 | 876,400 | +876,400 | 0 | 10,210,060 | — | +10,210,060 |
| BEYOND MEAT INC(Call) | 668,700 | 901,700 | +233,000 | 916,428 | 10,317,470 | — | +9,401,042 |
| VANECK ETF TRUST GOLD MINERS ETF | 0 | 102,009 | +102,009 | 0 | 9,361,366 | 2.78% | +9,361,366 |
| BLOOM ENERGY CORP | 145,350 | 150,275 | +4,925 | 12,629,462 | 20,360,760 | 6.04% | +7,731,298 |
| ISHARES INC(Call) | 0 | 200,000 | +200,000 | 0 | 7,678,000 | — | +7,678,000 |
| ORACLE CORP(ORCL)(Put) | 0 | 50,000 | +50,000 | 0 | 7,355,500 | — | +7,355,500 |
| VERSANT MEDIA GROUP INC(VSNT) | 0 | 192,686 | +192,686 | 0 | 7,133,236 | 2.12% | +7,133,236 |
| ISHARES TR(Call) | 0 | 80,400 | +80,400 | 0 | 6,969,876 | — | +6,969,876 |
| ALIBABA GROUP HLDG LTD(BABA) | 44,694 | 107,275 | +62,581 | 6,551,247 | 13,458,722 | 4.00% | +6,907,475 |
| MARA HOLDINGS INC(MARA)(Put) | 47,100 | 775,000 | +727,900 | 422,958 | 6,324,000 | — | +5,901,042 |
| ORACLE CORP(ORCL) | 7,777 | 46,600 | +38,823 | 1,515,815 | 6,855,326 | 2.04% | +5,339,511 |
| MICROSOFT CORP(MSFT)(Call) | 0 | 12,700 | +12,700 | 0 | 4,701,159 | — | +4,701,159 |
| VANECK ETF TRUST(Put) PUT | 76,900 | 119,400 | +42,500 | 6,842,637 | 11,336,457 | — | +4,493,820 |
| ALIBABA GROUP HLDG LTD(BABA)(Call) | 27,500 | 67,300 | +39,800 | 4,030,950 | 8,443,458 | — | +4,412,508 |
| ISHARES BITCOIN TRUST ETF(IBIT) | 90,900 | 231,515 | +140,615 | 4,513,185 | 8,894,806 | 2.64% | +4,381,621 |
| MARA HOLDINGS INC(MARA) | 216,866 | 729,858 | +512,992 | 1,947,457 | 5,955,641 | 1.77% | +4,008,184 |
| BOEING CO(BA) | 3,814 | 21,714 | +17,900 | 828,096 | 4,321,737 | 1.28% | +3,493,641 |
| ISHARES TR | 0 | 74,003 | +74,003 | 0 | 2,579,005 | 0.77% | +2,579,005 |
| TRUMP MEDIA & TECHNOLOGY GRO(Put) PUT | 10,200 | 225,000 | +214,800 | 135,048 | 2,088,000 | — | +1,952,952 |
| ISHARES ETHEREUM TR(Call) CALL | 90,500 | 247,400 | +156,900 | 2,029,915 | 3,916,342 | — | +1,886,427 |
| UNITED STS OIL FD LP(Call) CALL | 0 | 13,600 | +13,600 | 0 | 1,730,600 | — | +1,730,600 |
| MODERNA INC(MRNA)(Put) | 0 | 33,500 | +33,500 | 0 | 1,701,800 | — | +1,701,800 |
| UNITEDHEALTH GROUP INC(UNH) | 3,317 | 9,910 | +6,593 | 1,094,975 | 2,681,547 | 0.80% | +1,586,572 |
| UNITED STS OIL FD LP(USO) | 0 | 12,439 | +12,439 | 0 | 1,582,863 | 0.47% | +1,582,863 |
| SPDR SERIES TRUST ST STR SP REGBNK | 0 | 22,012 | +22,012 | 0 | 1,434,082 | 0.43% | +1,434,082 |
| CORE SCIENTIFIC INC NEW(Put) PUT | 20,000 | 113,800 | +93,800 | 291,200 | 1,702,448 | — | +1,411,248 |
| WARNER BROS DISCOVERY INC(WBD)(Put) | 281,200 | 343,000 | +61,800 | 8,104,184 | 9,418,780 | — | +1,314,596 |
| UNITED STS OIL FD LP(Put) PUT | 0 | 9,900 | +9,900 | 0 | 1,259,775 | — | +1,259,775 |
| TRUMP MEDIA & TECHNOLOGY GRO(DJT) | 16,199 | 152,452 | +136,253 | 214,475 | 1,414,755 | 0.42% | +1,200,280 |
| DHT HOLDINGS INC(DHT)(Call) | 0 | 61,900 | +61,900 | 0 | 1,130,913 | — | +1,130,913 |
| SALESFORCE INC(CRM)(Call) | 0 | 6,000 | +6,000 | 0 | 1,120,020 | — | +1,120,020 |
| CIRCLE INTERNET GROUP INC(CRCL)(Put) | 22,300 | 28,800 | +6,500 | 1,768,390 | 2,747,808 | — | +979,418 |
| ISHARES INC(Call) | 0 | 7,600 | +7,600 | 0 | 934,876 | — | +934,876 |
| ISHARES INC(Put) | 0 | 7,600 | +7,600 | 0 | 934,876 | — | +934,876 |
| ARM HOLDINGS PLC(Call) | 3,200 | 8,300 | +5,100 | 349,792 | 1,255,624 | — | +905,832 |
| ISHARES TR | 0 | 13,196 | +13,196 | 0 | 749,401 | 0.22% | +749,401 |
| ORACLE CORP(ORCL)(Call) | 0 | 5,000 | +5,000 | 0 | 735,550 | — | +735,550 |
| INTUIT(INTU) | 0 | 1,700 | +1,700 | 0 | 735,046 | 0.22% | +735,046 |
| SCHWAB CHARLES CORP(SCHW) | 0 | 7,500 | +7,500 | 0 | 704,850 | 0.21% | +704,850 |
| JD.COM INC(JD)(Call) | 79,300 | 100,000 | +20,700 | 2,275,910 | 2,957,000 | — | +681,090 |
| PARAMOUNT SKYDANCE CORP(PSKY)(Call) | 0 | 75,000 | +75,000 | 0 | 676,500 | — | +676,500 |
| SPDR GOLD TR(GLD)(Call) | 322,500 | 298,600 | -23,900 | 127,809,975 | 128,484,594 | — | +674,619 |
| ATLASSIAN CORPORATION | 0 | 9,700 | +9,700 | 0 | 662,025 | 0.20% | +662,025 |
| CIRCLE INTERNET GROUP INC(CRCL) | 11,876 | 16,756 | +4,880 | 941,767 | 1,598,689 | 0.47% | +656,922 |
| ISHARES SILVER TR(SLV) | 3,000 | 12,000 | +9,000 | 193,260 | 817,680 | 0.24% | +624,420 |
| PAGAYA TECHNOLOGIES LTD(PGY) | 0 | 51,600 | +51,600 | 0 | 601,140 | 0.18% | +601,140 |
| FIRST SOLAR INC(FSLR) | 0 | 3,000 | +3,000 | 0 | 591,780 | 0.18% | +591,780 |
| ADVANCED MICRO DEVICES INC(Put) | 3,200 | 6,200 | +3,000 | 685,312 | 1,261,266 | — | +575,954 |
| ISHARES TR(Put) | 100 | 10,100 | +10,000 | 3,829 | 573,579 | — | +569,750 |
| PARAMOUNT SKYDANCE CORP(PSKY) | 0 | 56,721 | +56,721 | 0 | 511,623 | 0.15% | +511,623 |
| RIVIAN AUTOMOTIVE INC(RIVN) | 110,997 | 177,610 | +66,613 | 2,187,751 | 2,673,031 | 0.79% | +485,280 |
| UNITED STS NAT GAS FD LP(UNG) | 0 | 39,924 | +39,924 | 0 | 468,309 | 0.14% | +468,309 |
| ELI LILLY & CO(LLY) | 0 | 500 | +500 | 0 | 459,885 | 0.14% | +459,885 |
| ISHARES TR(Put) | 5,000 | 10,100 | +5,100 | 435,800 | 875,569 | — | +439,769 |
| AMPLIFY ETF TR | 0 | 14,500 | +14,500 | 0 | 430,940 | 0.13% | +430,940 |
| BOOKING HOLDINGS INC(BKNG) | 0 | 100 | +100 | 0 | 421,032 | 0.12% | +421,032 |
| SALESFORCE INC(CRM) | 0 | 2,250 | +2,250 | 0 | 420,008 | 0.12% | +420,008 |
| UNITEDHEALTH GROUP INC(Call) CALL | 0 | 1,500 | +1,500 | 0 | 405,885 | — | +405,885 |
| UNITEDHEALTH GROUP INC(UNH)(Put) | 0 | 1,500 | +1,500 | 0 | 405,885 | — | +405,885 |
| LEMONADE INC(LMND) | 0 | 5,950 | +5,950 | 0 | 372,946 | 0.11% | +372,946 |
| ZILLOW GROUP INC(Z) | 0 | 9,000 | +9,000 | 0 | 372,420 | 0.11% | +372,420 |
| STUBHUB HLDGS INC(STUB) | 0 | 57,918 | +57,918 | 0 | 361,408 | 0.11% | +361,408 |
| KRANESHARES TRUST | 31,643 | 48,227 | +16,584 | 1,077,444 | 1,371,094 | 0.41% | +293,650 |
| LOWES COS INC(LOW) | 0 | 1,100 | +1,100 | 0 | 259,908 | 0.08% | +259,908 |
| GITLAB INC(GTLB) | 0 | 12,000 | +12,000 | 0 | 259,680 | 0.08% | +259,680 |
| STARBUCKS CORP(SBUX)(Put) | 1,300 | 4,100 | +2,800 | 109,473 | 367,319 | — | +257,846 |
| STATE STR CORP(STT) | 0 | 2,000 | +2,000 | 0 | 253,120 | 0.08% | +253,120 |
| VANECK ETF TRUST SEMICONDUCTR ETF | 0 | 620 | +620 | 0 | 237,708 | 0.07% | +237,708 |
| ISHARES TR | 0 | 2,900 | +2,900 | 0 | 232,145 | 0.07% | +232,145 |
| MERCK & CO INC(MRK) | 0 | 1,921 | +1,921 | 0 | 231,077 | 0.07% | +231,077 |
| CISCO SYS INC(CSCO) | 0 | 2,966 | +2,966 | 0 | 230,132 | 0.07% | +230,132 |
| BLOCK INC(XYZ)(Put) | 0 | 3,700 | +3,700 | 0 | 222,666 | — | +222,666 |
| CIRCLE INTERNET GROUP INC(CRCL)(Call) | 3,200 | 4,900 | +1,700 | 253,760 | 467,509 | — | +213,749 |
| NEXTNAV INC(NN) | 0 | 13,200 | +13,200 | 0 | 211,464 | 0.06% | +211,464 |
| ZOOM COMMUNICATIONS INC(ZM)(Call) | 0 | 2,600 | +2,600 | 0 | 209,014 | — | +209,014 |
| SOFI TECHNOLOGIES INC(SOFI)(Put) | 100 | 12,300 | +12,200 | 2,618 | 195,324 | — | +192,706 |
| LYFT INC(LYFT) | 0 | 13,250 | +13,250 | 0 | 176,226 | 0.05% | +176,226 |
| ALPHABET INC(GOOG)(Call) | 0 | 600 | +600 | 0 | 172,536 | — | +172,536 |
| CHEVRON CORPORATION(CVX)(Put) | 0 | 800 | +800 | 0 | 165,520 | — | +165,520 |
| PONY AI INC(PONY) | 0 | 16,800 | +16,800 | 0 | 158,592 | 0.05% | +158,592 |
| SEALSQ CORP(Call) | 570,300 | 882,300 | +312,000 | 2,155,734 | 2,311,626 | — | +155,892 |
| CBRE GROUP INC(CBRE) | 0 | 1,000 | +1,000 | 0 | 135,460 | 0.04% | +135,460 |
| BLOCK INC(XYZ) | 0 | 2,250 | +2,250 | 0 | 135,405 | 0.04% | +135,405 |
| SEALSQ CORP | 0 | 50,200 | +50,200 | 0 | 131,524 | 0.04% | +131,524 |
| SELECT SECTOR SPDR TR(Put) PUT | 200 | 2,000 | +1,800 | 8,740 | 122,520 | — | +113,780 |
| NEXTNAV INC(NN)(Call) | 0 | 7,000 | +7,000 | 0 | 112,140 | — | +112,140 |
| SLB LIMITED(Call) | 1,000 | 2,900 | +1,900 | 38,380 | 149,031 | — | +110,651 |
| LARGO INC(Call) | 0 | 98,000 | +98,000 | 0 | 109,760 | — | +109,760 |
| BRISTOL-MYERS SQUIBB CO(Call) | 0 | 1,600 | +1,600 | 0 | 97,040 | — | +97,040 |
| BRISTOL-MYERS SQUIBB CO(Put) | 0 | 1,600 | +1,600 | 0 | 97,040 | — | +97,040 |