Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| INVESCO QQQ TR(Put) | 29,590,500 | 38,308,500 | +8,718,000 | 17,765,248 | 23,533,295 | — | +5,768,046 |
| SPDR S&P 500 ETF TR(SPY) | 1,756,728 | 9,972,192 | +8,215,464 | 1,170,297 | 6,800,237 | 1.03% | +5,629,940 |
| INVESCO QQQ TR(Call) | 0 | 32,135,900 | +32,135,900 | 0 | 19,741,405 | — | +19,741,405 |
| SPDR S&P 500 ETF TR(SPY)(Call) | 63,075,700 | 66,963,300 | +3,887,600 | 42,019,770 | 45,663,614 | — | +3,643,844 |
| SPDR GOLD TR(GLD)(Put) | 16,503,700 | 20,931,800 | +4,428,100 | 5,866,570 | 8,295,482 | — | +2,428,911 |
| META PLATFORMS INC(META)(Call) | 0 | 17,520,400 | +17,520,400 | 0 | 11,565,041 | — | +11,565,041 |
| AMAZON COM INC(AMZN)(Call) | 0 | 20,636,800 | +20,636,800 | 0 | 4,763,386 | — | +4,763,386 |
| MICRON TECHNOLOGY INC(MU)(Put) | 16,445,800 | 16,016,300 | -429,500 | 2,751,711 | 4,571,212 | — | +1,819,501 |
| ELI LILLY & CO(LLY)(Call) | 0 | 3,136,500 | +3,136,500 | 0 | 3,370,734 | — | +3,370,734 |
| ISHARES SILVER TR(SLV)(Put) | 0 | 43,306,200 | +43,306,200 | 0 | 2,789,785 | — | +2,789,785 |
| META PLATFORMS INC(META)(Put) | 9,012,900 | 12,650,700 | +3,637,800 | 6,618,894 | 8,350,601 | — | +1,731,707 |
| ALPHABET INC(GOOG)(Call) | 6,865,700 | 10,547,200 | +3,681,500 | 1,672,141 | 3,309,711 | — | +1,637,570 |
| ISHARES TR(Put) | 0 | 30,470,900 | +30,470,900 | 0 | 2,456,869 | — | +2,456,869 |
| SPDR GOLD TR(GLD)(Call) | 28,644,400 | 29,445,900 | +801,500 | 10,182,225 | 11,669,705 | — | +1,487,480 |
| ALPHABET INC(GOOG)(Call) | 15,007,500 | 16,205,700 | +1,198,200 | 3,648,323 | 5,072,384 | — | +1,424,061 |
| BROADCOM INC(AVGO)(Put) | 14,236,000 | 17,450,600 | +3,214,600 | 4,696,599 | 6,039,653 | — | +1,343,054 |
| ISHARES SILVER TR(SLV) | 0 | 20,672,537 | +20,672,537 | 0 | 1,331,725 | 0.20% | +1,331,725 |
| ISHARES TR(Call) | 0 | 41,746,500 | +41,746,500 | 0 | 3,638,625 | — | +3,638,625 |
| ALPHABET INC(GOOG)(Put) | 13,213,200 | 14,170,700 | +957,500 | 3,212,129 | 4,435,429 | — | +1,223,300 |
| META PLATFORMS INC(META) | 0 | 2,481,834 | +2,481,834 | 0 | 1,638,234 | 0.25% | +1,638,234 |
| MICROSOFT CORP(MSFT)(Call) | 0 | 12,291,800 | +12,291,800 | 0 | 5,944,560 | — | +5,944,560 |
| SELECT SECTOR SPDR TR(Put) ST STR ENERG ETF | 0 | 23,007,500 | +23,007,500 | 0 | 1,028,665 | — | +1,028,665 |
| SEAGATE TECHNOLOGY HLDNGS PL(Put) ORD SHS | 0 | 3,616,700 | +3,616,700 | 0 | 996,003 | — | +996,003 |
| S&P GLOBAL INC(SPGI)(Call) | 0 | 1,865,300 | +1,865,300 | 0 | 974,787 | — | +974,787 |
| WALMART INC(WMT) | 0 | 10,836,435 | +10,836,435 | 0 | 1,207,287 | 0.18% | +1,207,287 |
| MICROSOFT CORP(MSFT)(Put) | 0 | 9,168,500 | +9,168,500 | 0 | 4,434,070 | — | +4,434,070 |
| SELECT SECTOR SPDR TR(Put) ST STR FINL ETF | 0 | 16,666,900 | +16,666,900 | 0 | 912,846 | — | +912,846 |
| INVESCO QQQ TR | 0 | 1,509,239 | +1,509,239 | 0 | 927,141 | 0.14% | +927,141 |
| ISHARES SILVER TR(SLV)(Call) | 40,735,600 | 39,534,100 | -1,201,500 | 1,725,967 | 2,546,787 | — | +820,819 |
| SELECT SECTOR SPDR TR(Call) ST STR TECHN ETF | 0 | 5,675,600 | +5,675,600 | 0 | 817,116 | — | +817,116 |
| SPDR SERIES TRUST(Put) ST STR SP BIOT | 0 | 6,487,400 | +6,487,400 | 0 | 791,009 | — | +791,009 |
| SPDR DOW JONES INDL AVERAGE(DIA)(Put) | 2,314,400 | 3,833,200 | +1,518,800 | 1,073,280 | 1,842,121 | — | +768,841 |
| SELECT SECTOR SPDR TR(Put) ST STR TECHN ETF | 0 | 5,246,400 | +5,246,400 | 0 | 755,324 | — | +755,324 |
| SELECT SECTOR SPDR TR(Call) ST STR ENERG ETF | 0 | 16,685,500 | +16,685,500 | 0 | 746,009 | — | +746,009 |
| MICRON TECHNOLOGY INC(MU)(Call) | 8,533,100 | 7,600,700 | -932,400 | 1,427,758 | 2,169,316 | — | +741,557 |
| VANECK ETF TRUST(Put) SEMICONDUCTR ETF | 6,609,800 | 8,026,400 | +1,416,600 | 2,157,174 | 2,890,547 | — | +733,373 |
| ALPHABET INC(GOOG)(Put) | 8,544,500 | 8,896,800 | +352,300 | 2,081,013 | 2,791,816 | — | +710,803 |
| WESTERN DIGITAL CORP(WDC)(Put) | 0 | 5,713,100 | +5,713,100 | 0 | 984,196 | — | +984,196 |
| BROADCOM INC(AVGO) | 2,330,953 | 4,214,391 | +1,883,438 | 769,005 | 1,458,601 | 0.22% | +689,596 |
| SELECT SECTOR SPDR TR(Call) ST STR FINL ETF | 0 | 12,550,800 | +12,550,800 | 0 | 687,407 | — | +687,407 |
| ORACLE CORP(ORCL)(Put) | 10,017,800 | 17,948,400 | +7,930,600 | 2,817,406 | 3,498,323 | — | +680,917 |
| VANECK ETF TRUST(Put) GOLD MINERS ETF | 17,517,400 | 23,334,900 | +5,817,500 | 1,338,329 | 2,001,434 | — | +663,105 |
| ADVANCED MICRO DEVICES INC(AMD)(Call) | 17,723,000 | 16,462,000 | -1,261,000 | 2,867,404 | 3,525,502 | — | +658,098 |
| SELECT SECTOR SPDR TR(Put) ST STR CARE ETF | 0 | 4,244,700 | +4,244,700 | 0 | 657,080 | — | +657,080 |
| COHERENT CORP(COHR) | 0 | 3,577,530 | +3,577,530 | 0 | 660,305 | 0.10% | +660,305 |
| BOOKING HOLDINGS INC(BKNG)(Call) | 0 | 182,800 | +182,800 | 0 | 978,954 | — | +978,954 |
| ALIBABA GROUP HLDG LTD(BABA) | 0 | 0 | 0 | 0 | 622,021 | 0.09% | +622,021 |
| ELI LILLY & CO(LLY)(Put) | 0 | 1,603,300 | +1,603,300 | 0 | 1,723,034 | — | +1,723,034 |
| CARVANA CO(CVNA)(Call) | 0 | 2,811,900 | +2,811,900 | 0 | 1,186,678 | — | +1,186,678 |
| SELECT SECTOR SPDR TR(Call) ST STR CARE ETF | 0 | 3,579,700 | +3,579,700 | 0 | 554,138 | — | +554,138 |
| PALANTIR TECHNOLOGIES INC(PLTR)(Put) | 16,685,100 | 20,048,300 | +3,363,200 | 3,043,696 | 3,563,585 | — | +519,889 |
| GOLDMAN SACHS GROUP INC(GS)(Call) | 0 | 1,257,000 | +1,257,000 | 0 | 1,104,903 | — | +1,104,903 |
| BERKSHIRE HATHAWAY INC DEL(Call) | 0 | 2,165,900 | +2,165,900 | 0 | 1,088,690 | — | +1,088,690 |
| SELECT SECTOR SPDR TR ST STR FINL ETF | 0 | 8,295,877 | +8,295,877 | 0 | 454,365 | 0.07% | +454,365 |
| SPDR SERIES TRUST(Put) ST STR SP REGBNK | 0 | 6,873,000 | +6,873,000 | 0 | 445,439 | — | +445,439 |
| APOLLO GLOBAL MGMT INC(APO)(Call) | 0 | 6,174,400 | +6,174,400 | 0 | 893,806 | — | +893,806 |
| ISHARES TR | 0 | 1,921,255 | +1,921,255 | 0 | 472,936 | 0.07% | +472,936 |
| VANGUARD TAX-MANAGED FDS | 0 | 7,027,316 | +7,027,316 | 0 | 438,996 | 0.07% | +438,996 |
| VERTIV HOLDINGS CO(VRT) | 0 | 3,438,320 | +3,438,320 | 0 | 557,042 | 0.08% | +557,042 |
| SNOWFLAKE INC(SNOW)(Call) | 1,946,700 | 3,797,500 | +1,850,800 | 439,078 | 833,020 | — | +393,941 |
| J P MORGAN EXCHANGE TRADED F GLOBAL SEL EQUIT | 0 | 5,375,353 | +5,375,353 | 0 | 363,750 | 0.05% | +363,750 |
| SERVICENOW INC(NOW) | 0 | 2,416,896 | +2,416,896 | 0 | 370,244 | 0.06% | +370,244 |
| SELECT SECTOR SPDR TR(Put) ST STR UTIL ETF | 0 | 7,940,700 | +7,940,700 | 0 | 338,988 | — | +338,988 |
| CAMECO CORP(CCJ)(Put) | 0 | 4,326,500 | +4,326,500 | 0 | 395,831 | — | +395,831 |
| BOOKING HOLDINGS INC(BKNG)(Put) | 0 | 108,100 | +108,100 | 0 | 578,911 | — | +578,911 |
| ISHARES INC CORE MSCI EMKT | 0 | 4,794,516 | +4,794,516 | 0 | 322,287 | 0.05% | +322,287 |
| APOLLO GLOBAL MGMT INC(APO)(Put) | 0 | 5,449,600 | +5,449,600 | 0 | 788,884 | — | +788,884 |
| UNITEDHEALTH GROUP INC(UNH)(Put) | 4,355,100 | 5,516,400 | +1,161,300 | 1,503,816 | 1,821,019 | — | +317,203 |
| AMAZON COM INC(AMZN) | 0 | 3,936,221 | +3,936,221 | 0 | 908,559 | 0.14% | +908,559 |
| MERCK & CO INC(MRK)(Call) | 0 | 4,722,000 | +4,722,000 | 0 | 497,038 | — | +497,038 |
| THERMO FISHER SCIENTIFIC INC(TMO) | 0 | 666,711 | +666,711 | 0 | 386,326 | 0.06% | +386,326 |
| UNITEDHEALTH GROUP INC(UNH) | 0 | 3,468,337 | +3,468,337 | 0 | 1,144,933 | 0.17% | +1,144,933 |
| GOLDMAN SACHS GROUP INC(GS)(Put) | 0 | 1,323,300 | +1,323,300 | 0 | 1,163,181 | — | +1,163,181 |
| ISHARES TR(Put) | 0 | 15,797,600 | +15,797,600 | 0 | 1,376,919 | — | +1,376,919 |
| ISHARES TR(Put) | 0 | 15,824,000 | +15,824,000 | 0 | 865,731 | — | +865,731 |
| ALBEMARLE CORP(ALB)(Call) | 0 | 2,641,000 | +2,641,000 | 0 | 373,543 | — | +373,543 |
| ADVANCED MICRO DEVICES INC(AMD)(Put) | 29,366,100 | 23,473,800 | -5,892,300 | 4,751,141 | 5,027,149 | — | +276,008 |
| QUALCOMM INC(QCOM)(Call) | 0 | 3,443,000 | +3,443,000 | 0 | 588,925 | — | +588,925 |
| VERTIV HOLDINGS CO(VRT)(Put) | 4,697,100 | 6,047,000 | +1,349,900 | 708,605 | 979,674 | — | +271,070 |
| MARVELL TECHNOLOGY INC(MRVL) | 0 | 7,833,520 | +7,833,520 | 0 | 665,693 | 0.10% | +665,693 |
| LUMENTUM HLDGS INC(LITE)(Call) | 0 | 1,125,300 | +1,125,300 | 0 | 414,774 | — | +414,774 |
| JPMORGAN CHASE & CO.(JPM) | 0 | 1,267,378 | +1,267,378 | 0 | 408,375 | 0.06% | +408,375 |
| INVESCO EXCHANGE TRADED FD T(Call) S&P500 EQL WGT | 0 | 1,854,600 | +1,854,600 | 0 | 355,267 | — | +355,267 |
| BLACKSTONE INC(BX) | 0 | 1,652,679 | +1,652,679 | 0 | 254,744 | 0.04% | +254,744 |
| SPDR SERIES TRUST(Call) ST STR SP HOME | 0 | 2,391,200 | +2,391,200 | 0 | 246,198 | — | +246,198 |
| GE VERNOVA INC(GEV)(Put) | 1,396,675 | 1,683,975 | +287,300 | 858,815 | 1,100,596 | — | +241,780 |
| ISHARES TR MSCI INDIA ETF | 0 | 4,400,850 | +4,400,850 | 0 | 237,866 | 0.04% | +237,866 |
| CATERPILLAR INC(CAT)(Put) | 0 | 1,201,800 | +1,201,800 | 0 | 688,475 | — | +688,475 |
| ALBEMARLE CORP(ALB)(Put) | 0 | 2,737,100 | +2,737,100 | 0 | 387,135 | — | +387,135 |
| SPDR SERIES TRUST(Call) ST STR SP BIOT | 0 | 1,929,000 | +1,929,000 | 0 | 235,203 | — | +235,203 |
| LUMENTUM HLDGS INC(LITE)(Put) | 0 | 919,300 | +919,300 | 0 | 338,845 | — | +338,845 |
| VANGUARD INTL EQUITY INDEX F | 0 | 4,503,611 | +4,503,611 | 0 | 331,286 | 0.05% | +331,286 |
| SPDR DOW JONES INDL AVERAGE(DIA) | 0 | 735,712 | +735,712 | 0 | 353,561 | 0.05% | +353,561 |
| FIRST SOLAR INC(FSLR)(Call) | 5,249,900 | 5,308,000 | +58,100 | 1,157,760 | 1,386,609 | — | +228,848 |
| VISA INC(V)(Call) | 0 | 1,487,900 | +1,487,900 | 0 | 521,821 | — | +521,821 |
| ROCKET LAB CORP(RKLB)(Call) | 0 | 4,577,500 | +4,577,500 | 0 | 319,326 | — | +319,326 |
| SALESFORCE INC(CRM)(Call) | 0 | 2,329,800 | +2,329,800 | 0 | 617,187 | — | +617,187 |
| KRANESHARES TRUST | 0 | 15,232,248 | +15,232,248 | 0 | 518,658 | 0.08% | +518,658 |
| LAM RESEARCH CORP(LRCX)(Put) | 0 | 3,304,200 | +3,304,200 | 0 | 565,613 | — | +565,613 |
| TOTALENERGIES SE(TTE) | 0 | 3,150,696 | +3,150,696 | 0 | 206,119 | 0.03% | +206,119 |