Ionic Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AIR PRODS & CHEMS INC	COM	009158106	46,709	392,380	SH		DFND	1	392,380	0	0
AMERICAN AIRLS GROUP INC	PFD A MAND CV	02376R409	7,033	254,821	SH		DFND		254,821	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	23,384	638,903	SH		DFND		638,903	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	20,181	551,400	SH		DFND	1	551,400	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	57,136	1,142,500	SH		DFND	1	1,142,500	0	0
ANGLOGOLD ASHANTI LTD	SPONSORED ADR	035128206	9,565	560,000	SH	Call	DFND		560,000	0	0
ARAMARK HLDGS CORP	COM	03852U106	6,251	216,135	SH		DFND	1	216,135	0	0
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L104	4,038	250,000	SH	Call	DFND		250,000	0	0
ARCELORMITTAL SA LUXEMBOURG	MAND CV NT 16	L0302D178	151,258	6,307,689	SH		DFND		6,307,689	0	0
ARCELORMITTAL SA LUXEMBOURG	MAND CV NT 16	L0302D178	255	10,639	SH		DFND	1	10,639	0	0
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L104	20,267	1,254,900	SH	Put	DFND		1,254,900	0	0
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L104	48	3,000	SH	Put	DFND	1	3,000	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	4,339	100,000	SH	Call	DFND		100,000	0	0
ARMSTRONG WORLD INDS INC NEW	COM	04247X102	31,524	592,000	SH		DFND	1	592,000	0	0
BAKER HUGHES INC	COM	057224107	6,502	100,000	SH	Put	DFND		100,000	0	0
BAKER HUGHES INC	COM	057224107	3,251	50,000	SH	Put	DFND	1	50,000	0	0
BAKER HUGHES INC	COM	057224107	1,272	19,560	SH		DFND		19,560	0	0
BAKER HUGHES INC	COM	057224107	35	540	SH		DFND	1	540	0	0
BANK OF AMERICA CORPORATION	COM	060505104	2,073	120,497	SH		DFND		120,497	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	34,369	815,388	SH		DFND		815,388	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	13,617	323,054	SH		DFND	1	323,054	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	34,314	814,100	SH	Put	DFND		814,100	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	13,711	325,300	SH	Put	DFND	1	325,300	0	0
BERRY PLASTICS GROUP INC	COM	08579W103	33,008	1,425,811	SH		DFND	1	1,425,811	0	0
BIOSCRIP INC	COM	09069N108	12,690	1,818,117	SH		DFND	1	1,818,117	0	0
BLACKROCK INCOME TR INC	COM	09247F100	103	15,755	SH		DFND	1	15,755	0	0
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	3,007	57,400	SH	Put	DFND	1	57,400	0	0
C H ROBINSON WORLDWIDE INC	COM NEW	12541W209	792	15,108	SH		DFND	1	15,108	0	0
CAPITOL ACQUISITION CORP II	COM	14056V105	101	10,300	SH		DFND	1	10,300	0	0
CATERPILLAR INC DEL	COM	149123101	12,421	125,000	SH	Call	DFND		125,000	0	0
CATHAY GEN BANCORP	*W EXP 12/05/201	149150112	3,425	500,000	SH		DFND		500,000	0	0
CEL SCI CORP	*W EXP 10/11/201	150837177	27	63,416	SH		DFND	1	63,416	0	0
CF INDS HLDGS INC	COM	125269100	13,498	51,788	SH		DFND	1	51,788	0	0
CHART INDS INC	COM PAR $0.01	16115Q308	3,973	50,000	SH	Put	DFND		50,000	0	0
CHART INDS INC	COM PAR $0.01	16115Q308	3,973	50,000	SH		DFND		50,000	0	0
CHC GROUP LTD	SHS	G07021101	4,898	662,794	SH		DFND	1	662,794	0	0
CHESAPEAKE ENERGY CORP	NOTE 2.750%11/1	165167BW6	8,334	8,000,000	PRN		DFND		8,000,000	0	0
CIS ACQUISITION LTD	SHS SER A	G21490209	102	10,000	SH		DFND	1	10,000	0	0
COACH INC	COM	189754104	2,483	50,000	SH	Call	DFND		50,000	0	0
COACH INC	COM	189754104	19,864	400,000	SH	Put	DFND		400,000	0	0
COACH INC	COM	189754104	3,725	75,000	SH	Put	DFND	1	75,000	0	0
COACH INC	COM	189754104	1,763	35,500	SH		DFND	1	35,500	0	0
COMCAST CORP NEW	CL A SPL	20030N200	36,107	740,359	SH		DFND	1	740,359	0	0
COVANTA HLDG CORP	NOTE 3.250% 6/0	22282EAC6	17,198	14,750,000	PRN		DFND		14,750,000	0	0
COVANTA HLDG CORP	NOTE 3.250% 6/0	22282EAC6	291	250,000	PRN		DFND	1	250,000	0	0
CROWN CASTLE INTL CORP	CNV PFD STK SR A	228227500	354	3,500	SH		DFND	1	3,500	0	0
CROWN CASTLE INTL CORP	COM	228227104	708	9,600	SH	Put	DFND		9,600	0	0
CROWN CASTLE INTL CORP	COM	228227104	30	400	SH	Put	DFND	1	400	0	0
CROWN CASTLE INTL CORP	COM	228227104	221	2,990	SH		DFND		2,990	0	0
CSX CORP	COM	126408103	3,476	120,000	SH	Call	DFND		120,000	0	0
CSX CORP	COM	126408103	3,476	120,000	SH	Put	DFND		120,000	0	0
D R HORTON INC	COM	23331A109	7,852	362,700	SH	Put	DFND	1	362,700	0	0
D R HORTON INC	COM	23331A109	1,017	46,995	SH		DFND	1	46,995	0	0
DIGITALGLOBE INC	COM NEW	25389M877	28,334	976,682	SH		DFND	1	976,682	0	0
DIREXION SHS ETF TR	DLY TECH BULL 3X	25459W102	401	4,200	SH		DFND		4,200	0	0
DIREXION SHS ETF TR	DL RUSSIA BEAR	25459W284	89	5,450	SH		DFND		5,450	0	0
DIREXION SHS ETF TR	DL RUSSIA BEAR	25459W284	89	5,450	SH		DFND	1	5,450	0	0
DOMINION DIAMOND CORP	COM	257287102	19,943	1,486,081	SH		DFND	1	1,486,081	0	0
DOMINION RES INC VA NEW	UNIT 04/01/2013	25746U703	293	5,100	SH		DFND	1	5,100	0	0
DOVER CORP	COM	260003108	16,099	196,932	SH		DFND	1	196,932	0	0
E M C CORP MASS	COM	268648102	685	25,000	SH		DFND		25,000	0	0
EASTMAN CHEM CO	COM	277432100	20,385	236,462	SH		DFND	1	236,462	0	0
EBAY INC	COM	278642103	22,096	400,000	SH	Call	DFND		400,000	0	0
EBAY INC	COM	278642103	11,048	200,000	SH	Put	DFND		200,000	0	0
ENPRO INDS INC	COM	29355X107	52,920	728,226	SH		DFND	1	728,226	0	0
EQUINIX INC	COM NEW	29444U502	24,160	130,706	SH		DFND	1	130,706	0	0
EUNITS 2 YR U S MKT PARTN TR	UNIT	298411109	180	15,115	SH		DFND		15,115	0	0
EUNITS 2 YR U S MKT PARTN TR	UNIT	298411109	244	20,499	SH		DFND	1	20,499	0	0
EXELIXIS INC	NOTE 4.250% 8/1	30161QAC8	3,576	4,000,000	PRN		DFND		4,000,000	0	0
EXPEDITORS INTL WASH INC	COM	302130109	5,945	150,000	SH	Call	DFND		150,000	0	0
EXPEDITORS INTL WASH INC	COM	302130109	2,136	53,899	SH		DFND		53,899	0	0
FIELDPOINT PETROLEUM CORP	*W EXP 03/23/201	316570126	44	47,099	SH		DFND	1	47,099	0	0
FIRST TR ISE REVERE NAT GAS	COM	33734J102	7,254	350,420	SH		DFND		350,420	0	0
FIRST TR ISE REVERE NAT GAS	COM	33734J102	6,468	312,485	SH		DFND	1	312,485	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	7,800	500,000	SH	Put	DFND		500,000	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	390	25,000	SH		DFND		25,000	0	0
FREEPORT-MCMORAN COPPER & GO	COM	35671D857	4,961	150,000	SH	Call	DFND		150,000	0	0
FREEPORT-MCMORAN COPPER & GO	COM	35671D857	3,307	100,000	SH	Call	DFND	1	100,000	0	0
FREEPORT-MCMORAN COPPER & GO	COM	35671D857	4,630	140,000	SH	Put	DFND		140,000	0	0
GENCORP INC	SDCV 4.062%12/3	368682AN0	17,481	8,600,000	PRN		DFND		8,600,000	0	0
GENCORP INC	COM	368682100	40,987	2,243,405	SH		DFND	1	2,243,405	0	0
GENERAL ELECTRIC CO	COM	369604103	3,236	125,000	SH	Call	DFND		125,000	0	0
GENERAL ELECTRIC CO	COM	369604103	3,366	130,000	SH	Put	DFND		130,000	0	0
GENERAL ELECTRIC CO	COM	369604103	106	4,110	SH		DFND		4,110	0	0
GENERAL MTRS CO	COM	37045V100	10,326	300,000	SH	Call	DFND		300,000	0	0
GLOBAL DEFENSE & NATL SEC SY	COM	37953N108	101	10,000	SH		DFND	1	10,000	0	0
GLOBAL EAGLE ENTMT INC	COM	37951D102	1,187	75,200	SH	Put	DFND		75,200	0	0
GT ADVANCED TECHNOLOGIES INC	NOTE 3.000%12/1	36191UAB2	20,241	12,500,000	PRN		DFND		12,500,000	0	0
GT ADVANCED TECHNOLOGIES INC	NOTE 3.000%12/1	36191UAB2	243	150,000	PRN		DFND	1	150,000	0	0
HAWAIIAN HOLDINGS INC	NOTE 5.000% 3/1	419879AD3	362	200,000	PRN		DFND	1	200,000	0	0
HEALTH CARE REIT INC	NOTE 3.000%12/0	42217KAR7	14,301	12,037,000	PRN		DFND		12,037,000	0	0
HEALTH CARE REIT INC	NOTE 3.000%12/0	42217KAR7	253	213,000	PRN		DFND	1	213,000	0	0
HERTZ GLOBAL HOLDINGS INC	COM	42805T105	22,808	856,169	SH		DFND	1	856,169	0	0
HESS CORP	COM	42809H107	21,749	262,410	SH		DFND	1	262,410	0	0
HEWLETT PACKARD CO	COM	428236103	5,689	175,800	SH	Put	DFND	1	175,800	0	0
HONEYWELL INTL INC	COM	438516106	2,783	30,000	SH	Put	DFND		30,000	0	0
HONEYWELL INTL INC	COM	438516106	1,577	17,000	SH		DFND		17,000	0	0
ICONIX BRAND GROUP INC	NOTE 2.500% 6/0	451055AE7	21,782	16,000,000	PRN		DFND		16,000,000	0	0
ICONIX BRAND GROUP INC	NOTE 2.500% 6/0	451055AE7	272	200,000	PRN		DFND	1	200,000	0	0
INTEL CORP	COM	458140100	11,358	440,000	SH	Call	DFND		440,000	0	0
INTEL CORP	COM	458140100	774	30,000	SH	Call	DFND	1	30,000	0	0
INTEL CORP	COM	458140100	3,962	153,500	SH	Put	DFND	1	153,500	0	0
INTEL CORP	COM	458140100	186	7,200	SH		DFND	1	7,200	0	0
INVESCO LTD	SHS	G491BT108	7,000	189,200	SH	Call	DFND		189,200	0	0
INVESCO LTD	SHS	G491BT108	955	25,800	SH	Call	DFND	1	25,800	0	0
ISHARES	U.S. REAL ES ETF	464287739	1,353	20,000	SH	Call	DFND		20,000	0	0
ISHARES	U.S. REAL ES ETF	464287739	1,353	20,000	SH	Put	DFND		20,000	0	0
ISHARES	20+ YR TR BD ETF	464287432	273	2,500	SH	Call	DFND	1	2,500	0	0
ISHARES	20+ YR TR BD ETF	464287432	2	15	SH		DFND	1	15	0	0
ISHARES	20+ YR TR BD ETF	464287432	546	5,000	SH	Put	DFND	1	5,000	0	0
ISHARES	MSCI EAFE ETF	464287465	3,595	53,500	SH		DFND		53,500	0	0
ISHARES	MSCI EAFE ETF	464287465	1,102	16,400	SH		DFND	1	16,400	0	0
ISHARES	MSCI EAFE ETF	464287465	16,800	250,000	SH	Put	DFND		250,000	0	0
ISHARES	MSCI EMG MKT ETF	464287234	82	2,000	SH	Put	DFND	1	2,000	0	0
ISHARES	MSCI EMG MKT ETF	464287234	423	10,323	SH		DFND		10,323	0	0
ISHARES	PHLX SEMICND ETF	464287523	43	534	SH		DFND		534	0	0
ISHARES	PHLX SEMICND ETF	464287523	420	5,275	SH		DFND	1	5,275	0	0
ISHARES	RUSSELL 2000 ETF	464287655	21,558	185,300	SH	Call	DFND		185,300	0	0
ISHARES	RUSSELL 2000 ETF	464287655	58	500	SH		DFND	1	500	0	0
ISHARES	RUSSELL 2000 ETF	464287655	1,198	10,300	SH	Put	DFND	1	10,300	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	4,998	262,500	SH	Call	DFND	1	262,500	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	16,648	874,379	SH		DFND		874,379	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	4,998	262,500	SH	Put	DFND	1	262,500	0	0
KAR AUCTION SVCS INC	COM	48238T109	22,460	740,018	SH		DFND	1	740,018	0	0
KINROSS GOLD CORP	COM NO PAR	496902404	1,118	270,000	SH	Call	DFND		270,000	0	0
L-3 COMMUNICATIONS CORP	DEBT 3.000% 8/0	502413AW7	14,980	11,250,000	PRN		DFND		11,250,000	0	0
LAM RESEARCH CORP	COM	512807108	550	10,000	SH	Call	DFND		10,000	0	0
LAM RESEARCH CORP	COM	512807108	2,261	41,100	SH		DFND		41,100	0	0
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	3,523	90,000	SH	Call	DFND		90,000	0	0
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	7,045	180,000	SH	Put	DFND		180,000	0	0
LEVY ACQUISITION CORP	UNIT 99/99/9999	52748T203	85	8,400	SH		DFND	1	8,400	0	0
LEVY ACQUISITION CORP	COM	52748T104	16	1,600	SH		DFND	1	1,600	0	0
LIN MEDIA LLC	CL A COM	532771102	46,411	1,751,341	SH		DFND	1	1,751,341	0	0
LULULEMON ATHLETICA INC	COM	550021109	1,972	37,500	SH	Put	DFND	1	37,500	0	0
LULULEMON ATHLETICA INC	COM	550021109	51	977	SH		DFND	1	977	0	0
MARATHON PETE CORP	COM	56585A102	17,408	200,000	SH	Put	DFND		200,000	0	0
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	1,770	75,000	SH	Put	DFND		75,000	0	0
MARKET VECTORS ETF TR	RUSSIA ETF	57060U506	4,798	200,000	SH	Put	DFND		200,000	0	0
MARKET VECTORS ETF TR	SEMICONDUCTOR	57060U233	1,300	28,500	SH		DFND		28,500	0	0
MARKET VECTORS ETF TR	SEMICONDUCTOR	57060U233	2,303	50,500	SH		DFND	1	50,500	0	0
MENTOR GRAPHICS CORP	SDCV 4.000% 4/0	587200AK2	252	200,000	PRN		DFND	1	200,000	0	0
METLIFE INC	COM	59156R108	1,320	25,000	SH	Call	DFND		25,000	0	0
METLIFE INC	UNIT 99/99/9999	59156R116	864	28,146	SH		DFND		28,146	0	0
MGM RESORTS INTERNATIONAL	NOTE 4.250% 4/1	55303QAE0	28,842	19,800,000	PRN		DFND		19,800,000	0	0
MGM RESORTS INTERNATIONAL	NOTE 4.250% 4/1	55303QAE0	291	200,000	PRN		DFND	1	200,000	0	0
MICRON TECHNOLOGY INC	NOTE 2.375% 5/0	595112AW3	71,840	28,500,000	PRN		DFND		28,500,000	0	0
MICRON TECHNOLOGY INC	COM	595112103	28,392	1,200,000	SH	Put	DFND		1,200,000	0	0
MICRON TECHNOLOGY INC	COM	595112103	2,831	119,665	SH		DFND		119,665	0	0
MICROSOFT CORP	COM	594918104	85,054	2,075,000	SH	Call	DFND		2,075,000	0	0
MICROSOFT CORP	COM	594918104	13,527	330,000	SH	Put	DFND		330,000	0	0
MICROSOFT CORP	COM	594918104	40,280	982,690	SH		DFND	1	982,690	0	0
MOLINA HEALTHCARE INC	NOTE 3.750%10/0	60855RAA8	23,867	19,300,000	PRN		DFND		19,300,000	0	0
MOLINA HEALTHCARE INC	NOTE 3.750%10/0	60855RAA8	247	200,000	PRN		DFND	1	200,000	0	0
MYLAN INC	COM	628530107	36,784	753,300	SH		DFND	1	753,300	0	0
NEWMONT MINING CORP	COM	651639106	234	10,000	SH	Put	DFND		10,000	0	0
NEWMONT MINING CORP	COM	651639106	403	17,200	SH		DFND		17,200	0	0
NEXTERA ENERGY INC	UNIT 99/99/9999	65339F861	2	40	SH		DFND		40	0	0
NEXTERA ENERGY INC	UNIT 99/99/9999	65339F861	186	3,450	SH		DFND	1	3,450	0	0
NEXTERA ENERGY INC	COM	65339F101	2,830	29,600	SH	Put	DFND		29,600	0	0
NEXTERA ENERGY INC	COM	65339F101	38	400	SH	Put	DFND	1	400	0	0
NOKIA CORP	SPONSORED ADR	654902204	727	99,000	SH		DFND		99,000	0	0
NOKIA CORP	SPONSORED ADR	654902204	59	8,000	SH		DFND	1	8,000	0	0
NOKIA CORP	SPONSORED ADR	654902204	4,404	600,000	SH	Put	DFND		600,000	0	0
NOKIA CORP	SPONSORED ADR	654902204	367	50,000	SH	Put	DFND	1	50,000	0	0
NUANCE COMMUNICATIONS INC	DBCV 2.750% 8/1	67020YAB6	107	100,000	PRN		DFND	1	100,000	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	4,193	44,000	SH	Put	DFND		44,000	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	572	6,000	SH	Put	DFND	1	6,000	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	1,824	19,140	SH		DFND		19,140	0	0
OCCIDENTAL PETE CORP DEL	COM	674599105	244	2,560	SH		DFND	1	2,560	0	0
OCEAN RIG UDW INC	SHS	Y64354205	25,622	1,440,227	SH		DFND	1	1,440,227	0	0
OMNICARE INC	NOTE 3.500% 2/1	681904AQ1	14,097	13,860,000	PRN		DFND		13,860,000	0	0
OMNICARE INC	NOTE 3.500% 2/1	681904AQ1	142	140,000	PRN		DFND	1	140,000	0	0
OSI SYSTEMS INC	COM	671044105	24,914	416,205	SH		DFND	1	416,205	0	0
PANTRY INC	COM	698657103	1,151	75,000	SH	Call	DFND		75,000	0	0
PANTRY INC	COM	698657103	1,151	75,000	SH	Put	DFND		75,000	0	0
PANTRY INC	COM	698657103	488	31,800	SH		DFND		31,800	0	0
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	400	16,124	SH		DFND	1	16,124	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	5,081	57,960	SH		DFND		57,960	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	565	6,440	SH		DFND	1	6,440	0	0
PROCTER & GAMBLE CO	COM	742718109	9,970	123,700	SH	Call	DFND		123,700	0	0
PROCTER & GAMBLE CO	COM	742718109	30,628	380,000	SH	Put	DFND		380,000	0	0
PROSHARES TR II	ULT VIX SHRT TRM	74347W346	11,125	185,700	SH	Put	DFND		185,700	0	0
PROSHARES TR II	ULT VIX SHRT TRM	74347W346	4,439	74,100	SH	Put	DFND	1	74,100	0	0
QEP RES INC	COM	74733V100	38,036	1,291,986	SH		DFND	1	1,291,986	0	0
RACKSPACE HOSTING INC	COM	750086100	6,994	213,100	SH	Call	DFND	1	213,100	0	0
RACKSPACE HOSTING INC	COM	750086100	30,521	929,953	SH		DFND	1	929,953	0	0
RENTECH INC	COM	760112102	3,906	2,055,610	SH		DFND	1	2,055,610	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	7,816	140,000	SH	Put	DFND		140,000	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	14,689	201,052	SH		DFND		201,052	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	171	2,339	SH		DFND	1	2,339	0	0
S&W SEED CO	*W EXP 05/03/201	785135120	19	23,070	SH		DFND	1	23,070	0	0
SANDISK CORP	NOTE 1.500% 8/1	80004CAD3	247	150,000	PRN		DFND	1	150,000	0	0
SANDRIDGE ENERGY INC	COM	80007P307	3,684	600,000	SH	Put	DFND		600,000	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	214	3,300	SH	Put	DFND	1	3,300	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	245	5,700	SH	Put	DFND	1	5,700	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	8,906	100,000	SH	Call	DFND		100,000	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	1,036	11,633	SH		DFND	1	11,633	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	13,359	150,000	SH	Put	DFND		150,000	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	142	1,600	SH	Put	DFND	1	1,600	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	46,851	2,097,200	SH		DFND		2,097,200	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	362	16,200	SH		DFND	1	16,200	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	288,409	12,910,000	SH	Put	DFND		12,910,000	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	2,261	101,200	SH	Put	DFND	1	101,200	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	252	4,300	SH	Put	DFND	1	4,300	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	235	4,500	SH	Put	DFND	1	4,500	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	213	4,500	SH	Put	DFND	1	4,500	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	281	7,733	SH		DFND		7,733	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	164	4,500	SH	Put	DFND	1	4,500	0	0
SINA CORP	ORD	G81477104	15,103	250,000	SH	Put	DFND		250,000	0	0
SINA CORP	ORD	G81477104	701	11,600	SH		DFND		11,600	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	272	2,200	SH	Call	DFND	1	2,200	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	187	1,000	SH	Call	DFND	1	1,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	184,560	986,900	SH	Put	DFND	1	986,900	0	0
SPDR SER TR	SHT TRM HGH YLD	78468R408	305	9,833	SH		DFND	1	9,833	0	0
SPDR SERIES TRUST	S&P METALS MNG	78464A755	2,555	61,218	SH		DFND		61,218	0	0
SPDR SERIES TRUST	S&P METALS MNG	78464A755	12,519	300,000	SH	Put	DFND		300,000	0	0
SPDR SERIES TRUST	S&P HOMEBUILD	78464A888	3,255	100,000	SH	Call	DFND		100,000	0	0
SPROTT PHYSICAL GOLD TRUST	UNIT	85207H104	150	14,068	SH		DFND	1	14,068	0	0
STARWOOD PPTY TR INC	NOTE 4.000% 1/1	85571BAB1	13,825	12,050,000	PRN		DFND		12,050,000	0	0
STARWOOD PPTY TR INC	NOTE 4.000% 1/1	85571BAB1	229	200,000	PRN		DFND	1	200,000	0	0
SUNCOKE ENERGY INC	COM	86722A103	17,384	761,106	SH		DFND	1	761,106	0	0
TEREX CORP NEW	COM	880779103	1,551	35,000	SH	Put	DFND		35,000	0	0
TEREX CORP NEW	COM	880779103	58	1,300	SH		DFND		1,300	0	0
TESLA MTRS INC	NOTE 0.250% 3/0	88160RAB7	7,384	8,000,000	PRN		DFND		8,000,000	0	0
TESLA MTRS INC	NOTE 1.250% 3/0	88160RAC5	13,500	14,850,000	PRN		DFND		14,850,000	0	0
TESLA MTRS INC	NOTE 1.500% 6/0	88160RAA9	36,589	20,400,000	PRN		DFND		20,400,000	0	0
TESLA MTRS INC	NOTE 1.250% 3/0	88160RAC5	136	150,000	PRN		DFND	1	150,000	0	0
TESLA MTRS INC	NOTE 1.500% 6/0	88160RAA9	179	100,000	PRN		DFND	1	100,000	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	5,215	167,571	SH		DFND		167,571	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	84	2,700	SH		DFND	1	2,700	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	59,217	608,100	SH	Call	DFND		608,100	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	2,750	28,240	SH		DFND		28,240	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	5,702	48,800	SH	Call	DFND		48,800	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	70	600	SH	Call	DFND	1	600	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	2,255	19,300	SH	Put	DFND		19,300	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	82	700	SH	Put	DFND	1	700	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	6,913	59,164	SH		DFND		59,164	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	248	2,125	SH		DFND	1	2,125	0	0
US BANCORP DEL	COM NEW	902973304	2,572	60,000	SH	Call	DFND		60,000	0	0
US BANCORP DEL	COM NEW	902973304	6,858	160,000	SH	Put	DFND		160,000	0	0
US BANCORP DEL	COM NEW	902973304	1,693	39,500	SH		DFND		39,500	0	0
VAIL RESORTS INC	COM	91879Q109	19,650	281,925	SH		DFND	1	281,925	0	0
VALE S A	ADR	91912E105	516	37,300	SH		DFND	1	37,300	0	0
VALE S A	ADR	91912E105	913	66,000	SH	Put	DFND	1	66,000	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	12,844	270,000	SH	Call	DFND		270,000	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	16,887	355,000	SH	Put	DFND		355,000	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	7,901	166,100	SH		DFND		166,100	0	0
VIACOM INC NEW	CL A	92553P102	20,651	242,208	SH		DFND		242,208	0	0
VIACOM INC NEW	CL A	92553P102	272	3,191	SH		DFND	1	3,191	0	0
VIPSHOP HLDGS LTD	NOTE 1.500% 3/1	92763WAA1	20,358	20,000,000	PRN		DFND		20,000,000	0	0
WILLIAMS COS INC DEL	COM	969457100	1,307	32,200	SH	Call	DFND		32,200	0	0
WILLIAMS COS INC DEL	COM	969457100	1,307	32,200	SH	Put	DFND		32,200	0	0
WILLIAMS COS INC DEL	COM	969457100	2,394	59,000	SH		DFND		59,000	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	1,706	90,000	SH	Call	DFND		90,000	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	2,327	122,722	SH		DFND		122,722	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	226	11,930	SH		DFND	1	11,930	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	14,277	753,000	SH	Put	DFND		753,000	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	1,460	77,000	SH	Put	DFND	1	77,000	0	0
ZIONS BANCORPORATION	*W EXP 05/22/202	989701115	6,474	1,003,756	SH		DFND		1,003,756	0	0
ZIONS BANCORPORATION	*W EXP 05/22/202	989701115	244	37,800	SH		DFND	1	37,800	0	0