Fund Holdings

Marathon Trading Investment Management LLC

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
ISHARES SILVER TR(SLV)(Call)251,6005,261,100+5,009,5008,254,996222,912,807+214,657,811
ISHARES SILVER TR(SLV)(Put)127,5004,740,000+4,612,5004,183,275200,833,800+196,650,525
TESLA INC(TSLA)(Call)200251,500+251,30063,532111,847,080+111,783,548
WOLFSPEED INC(WOLF)(Call)03,123,400+3,123,400089,329,240+89,329,240
SPDR GOLD TR(GLD)0100,549+100,549035,742,15315.16%+35,742,153
KRANESHARES TRUST(Call)141,200651,500+510,3004,847,39627,369,515+22,522,119
AMAZON COM INC(Put)11,400111,200+99,8002,501,04624,416,184+21,915,138
AMAZON COM INC(AMZN)6,55899,200+92,6421,438,76021,781,3449.24%+20,342,584
JD.COM INC(JD)(Put)200,000680,400+480,4006,528,00023,800,392+17,272,392
WOLFSPEED INC(WOLF)(Put)0507,700+507,700014,520,220+14,520,220
REDDIT INC(RDDT)(Put)3,10056,800+53,700466,76713,063,432+12,596,665
JD.COM INC(JD)97,006449,764+352,7583,166,27615,732,7456.67%+12,566,469
INVESCO QQQ TR013,900+13,90008,345,1433.54%+8,345,143
WARNER BROS DISCOVERY INC(WBD)0412,326+412,32608,052,7273.41%+8,052,727
GE VERNOVA INC(GEV)(Call)012,500+12,50007,686,250+7,686,250
PALANTIR TECHNOLOGIES INC(PLTR)(Put)44,50073,800+29,3006,066,24013,462,596+7,396,356
JD.COM INC(JD)(Call)65,000266,600+201,6002,121,6009,325,668+7,204,068
ISHARES BITCOIN TRUST ETF(IBIT)(Call)89,100191,700+102,6005,453,81112,460,500+7,006,689
PDD HOLDINGS INC(PDD)(Put)107,800137,500+29,70011,282,34818,173,375+6,891,027
MICROSOFT CORP(MSFT)(Call)6,20017,700+11,5003,083,9429,167,715+6,083,773
ALIBABA GROUP HLDG LTD(BABA)(Put)54,40068,400+14,0006,169,50412,225,132+6,055,628
ALIBABA GROUP HLDG LTD(BABA)(Call)67,80076,500+8,7007,689,19813,672,845+5,983,647
KRANESHARES TRUST99,118210,717+111,5993,402,7218,852,2223.75%+5,449,501
VANECK ETF TRUST(Put)11,70075,900+64,2001,970,0227,273,524+5,303,502
CORE SCIENTIFIC INC NEW(Call)0288,900+288,90005,182,866+5,182,866
PDD HOLDINGS INC(PDD)3,29139,886+36,595344,4365,271,7332.24%+4,927,297
COREWEAVE INC(CRWV)17,75756,138+38,3812,895,4567,682,4853.26%+4,787,029
KRANESHARES TRUST(Put)101,200190,200+89,0003,474,1967,990,302+4,516,106
ALIBABA GROUP HLDG LTD(BABA)27,16740,874+13,7073,081,0107,305,4103.10%+4,224,400
INTEL CORP(INTC)(Put)50,800158,800+108,0001,137,9205,327,740+4,189,820
CORE SCIENTIFIC INC NEW(CORZ)0232,938+232,93804,178,9071.77%+4,178,907
INTEL CORP(INTC)(Call)19,500130,800+111,300436,8004,388,340+3,951,540
COREWEAVE INC(CRWV)(Put)4,10032,500+28,400668,5464,447,625+3,779,079
NVIDIA CORPORATION(NVDA)(Put)89,60095,700+6,10014,155,90417,855,706+3,699,802
CORE SCIENTIFIC INC NEW(Put)0200,300+200,30003,593,382+3,593,382
ARK ETF TR(Call)11,00049,400+38,400773,1904,263,220+3,490,030
WELLS FARGO CO NEW(Call)10,10050,100+40,000809,2124,199,382+3,390,170
WARNER BROS DISCOVERY INC(WBD)(Put)0166,700+166,70003,255,651+3,255,651
ARM HOLDINGS PLC(Call)4,20027,200+23,000679,3083,848,528+3,169,220
IREN LIMITED(Put)064,300+64,30003,017,599+3,017,599
PG&E CORP(PCG)(Call)0175,000+175,00002,639,000+2,639,000
ISHARES BITCOIN TRUST ETF(IBIT)(Put)9,20049,100+39,900563,1323,191,500+2,628,368
IREN LIMITED(Call)50,00070,300+20,300728,5003,299,179+2,570,679
ORACLE CORP(ORCL)(Call)09,000+9,00002,531,160+2,531,160
INTEL CORP(INTC)124,981156,780+31,7992,799,5755,259,9692.23%+2,460,394
PALANTIR TECHNOLOGIES INC(PLTR)7,14217,465+10,323973,5983,185,9651.35%+2,212,367
ISHARES ETHEREUM TR(Call)065,000+65,00002,048,150+2,048,150
FIGMA INC(FIG)037,811+37,81101,961,2570.83%+1,961,257
ENOVIX CORPORATION(ENVX)7,200200,423+193,22374,4481,998,2180.85%+1,923,770
EXXON MOBIL CORP(Call)4,00020,200+16,200431,2002,277,550+1,846,350
ARM HOLDINGS PLC011,939+11,93901,689,2490.72%+1,689,249
BANK AMERICA CORP(Put)360,000360,000017,035,20018,572,400+1,537,200
UNITED PARCEL SERVICE INC(UPS)018,400+18,40001,536,9520.65%+1,536,952
WARNER BROS DISCOVERY INC(Call)075,100+75,10001,466,703+1,466,703
BITMINE IMMERSION TECNOLOGIE(BMNP)026,941+26,94101,399,0460.59%+1,399,046
NVIDIA CORPORATION(NVDA)(Call)12,20017,500+5,3001,927,4783,265,150+1,337,672
FLUOR CORP NEW(FLR)029,878+29,87801,256,9670.53%+1,256,967
STUBHUB HLDGS INC(STUB)074,300+74,30001,251,2120.53%+1,251,212
SOFI TECHNOLOGIES INC(SOFI)19,60059,900+40,300356,9161,582,5580.67%+1,225,642
SHARPLINK GAMING INC(SBET)071,007+71,00701,207,8290.51%+1,207,829
BANK AMERICA CORP334,479330,013-4,46615,827,54617,025,3717.22%+1,197,825
CHIPOTLE MEXICAN GRILL INC(CMG)9,30043,841+34,541522,1951,718,1290.73%+1,195,934
ISHARES ETHEREUM TR(Put)037,100+37,10001,169,021+1,169,021
GE VERNOVA INC(GEV)(Put)5,0006,000+1,0002,645,7503,689,400+1,043,650
BROADCOM INC(AVGO)2753,215+2,94075,8041,060,6610.45%+984,857
TARGET CORP(TGT)31,74945,049+13,3003,132,0394,040,8951.71%+908,856
HIMS & HERS HEALTH INC(HIMS)(Put)015,000+15,0000850,800+850,800
GAMESTOP CORP NEW(GME)(Call)60,50085,100+24,6001,475,5952,321,528+845,933
SELECT SECTOR SPDR TR8,79918,000+9,201772,6401,613,1600.68%+840,520
IREN LIMITED15,50022,280+6,780225,8351,045,6000.44%+819,765
PALANTIR TECHNOLOGIES INC(PLTR)(Call)1004,500+4,40013,632820,890+807,258
MARA HOLDINGS INC(MARA)(Put)1,00045,000+44,00015,680821,700+806,020
NIO INC(NIO)(Call)0105,200+105,2000801,624+801,624
TAIWAN SEMICONDUCTOR MFG LTD(Call)6,9008,300+1,4001,562,7812,318,107+755,326
MARA HOLDINGS INC(MARA)(Call)5,00045,300+40,30078,400827,178+748,778
LULULEMON ATHLETICA INC(LULU)7,00013,500+6,5001,663,0602,402,0551.02%+738,995
SELECT SECTOR SPDR TR08,300+8,3000723,8430.31%+723,843
NEBIUS GROUP N.V.(NBIS)(Call)45,00028,200-16,8002,489,8503,166,014+676,164
TSS INC DEL036,500+36,5000661,0150.28%+661,015
HIMS & HERS HEALTH INC(HIMS)(Call)011,600+11,6000657,952+657,952
TAIWAN SEMICONDUCTOR MFG LTD(TSM)1582,460+2,30235,785687,0530.29%+651,268
IONQ INC(IONQ)(Put)010,200+10,2000627,300+627,300
CELSIUS HLDGS INC(CELH)010,300+10,3000592,1470.25%+592,147
ORACLE CORP(ORCL)02,100+2,1000590,6040.25%+590,604
SOFI TECHNOLOGIES INC(SOFI)(Call)20,00035,200+15,200364,200929,984+565,784
COPART INC(CPRT)012,500+12,5000562,1250.24%+562,125
OPENDOOR TECHNOLOGIES INC(OPEN)21,00070,800+49,80011,193564,2760.24%+553,083
SELECT SECTOR SPDR TR9506,700+5,75080,570598,5780.25%+518,008
LITHIUM AMERS CORP NEW(LAC)088,200+88,2000503,6220.21%+503,622
RIVIAN AUTOMOTIVE INC(Call)40,00069,900+29,900549,6001,026,132+476,532
FLUOR CORP NEW(FLR)(Call)011,000+11,0000462,770+462,770
TRUMP MEDIA & TECHNOLOGY GRO(Put)30,00059,900+29,900541,200983,558+442,358
CAVA GROUP INC(CAVA)06,700+6,7000404,7470.17%+404,747
VIRGIN GALACTIC HOLDINGS INC0103,800+103,8000400,6680.17%+400,668
APPLE INC(Call)15,50014,000-1,5003,180,1353,564,820+384,685
NEXTNAV INC(NN)026,612+26,6120380,5520.16%+380,552
D-WAVE QUANTUM INC(QBTS)015,000+15,0000370,6500.16%+370,650
MICRON TECHNOLOGY INC(MU)(Put)24,70020,400-4,3003,044,2753,413,328+369,053
PALO ALTO NETWORKS INC(PANW)01,800+1,8000366,5160.16%+366,516
BILIBILI INC(Call)012,500+12,5000351,125+351,125
Page 1 of 4