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	61,258	476,275	SH		DFND	1	476,275	0	0
ALLERGAN INC	COM	018490102	50,314	297,326	SH		DFND	1	297,326	0	0
ALLSTATE CORP	COM	020002101	329	5,600	SH	Call	DFND		5,600	0	0
ALLSTATE CORP	COM	020002101	1,655	28,185	SH		DFND		28,185	0	0
ALTRIA GROUP INC	COM	02209S103	4,194	100,000	SH	Call	DFND		100,000	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	27,718	645,200	SH	Put	DFND		645,200	0	0
AMERICAN AIRLS GROUP INC	COM	02376R102	42,638	992,505	SH		DFND		992,505	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	66,795	1,223,792	SH		DFND	1	1,223,792	0	0
ANGLOGOLD ASHANTI LTD	SPONSORED ADR	035128206	4,819	280,000	SH	Call	DFND		280,000	0	0
APPLE INC	COM	037833100	87,819	945,000	SH	Call	DFND		945,000	0	0
APPLE INC	COM	037833100	94,324	1,015,000	SH	Put	DFND		1,015,000	0	0
AQUASITION CORP	COM	Y0192H103	241	23,600	SH		DFND	1	23,600	0	0
ARAMARK	COM	03852U106	29,533	1,141,146	SH		DFND	1	1,141,146	0	0
ARCELORMITTAL SA LUXEMBOURG	MAND CV NT 16	L0302D178	284	12,639	SH		DFND	1	12,639	0	0
ARCELORMITTAL SA LUXEMBOURG	MAND CV NT 16	L0302D178	136,693	6,075,930	SH		DFND		6,075,930	0	0
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L104	7	500	SH	Put	DFND	1	500	0	0
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L104	3,725	249,500	SH	Put	DFND		249,500	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	2,206	50,000	SH	Put	DFND		50,000	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	3,749	85,000	SH		DFND		85,000	0	0
ARMSTRONG WORLD INDS INC NEW	COM	04247X102	29,602	515,442	SH		DFND	1	515,442	0	0
B/E AEROSPACE INC	COM	073302101	12,270	132,658	SH		DFND	1	132,658	0	0
BAKER HUGHES INC	COM	057224107	15,136	203,300	SH	Call	DFND		203,300	0	0
BANK OF AMERICA CORPORATION	COM	060505104	154	10,000	SH	Call	DFND	1	10,000	0	0
BANK OF AMERICA CORPORATION	COM	060505104	149	9,700	SH		DFND	1	9,700	0	0
BANK OF AMERICA CORPORATION	COM	060505104	8,300	540,000	SH	Call	DFND		540,000	0	0
BANK OF AMERICA CORPORATION	COM	060505104	8,069	525,000	SH	Put	DFND		525,000	0	0
BANK OF AMERICA CORPORATION	COM	060505104	7,897	513,770	SH		DFND		513,770	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	223	7,809	SH		DFND	1	7,809	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	385	13,458	SH		DFND		13,458	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	1,430	50,000	SH	Call	DFND		50,000	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	7,865	275,000	SH	Put	DFND		275,000	0	0
BEAZER HOMES USA INC	COM NEW	07556Q881	8,392	400,000	SH	Call	DFND		400,000	0	0
BEAZER HOMES USA INC	COM NEW	07556Q881	1,981	94,408	SH		DFND		94,408	0	0
BERRY PLASTICS GROUP INC	COM	08579W103	62,620	2,427,143	SH		DFND	1	2,427,143	0	0
BHP BILLITON LTD	SPONSORED ADR	088606108	780	11,402	SH		DFND		11,402	0	0
BHP BILLITON LTD	SPONSORED ADR	088606108	3,423	50,000	SH	Call	DFND		50,000	0	0
BHP BILLITON LTD	SPONSORED ADR	088606108	3,423	50,000	SH	Put	DFND		50,000	0	0
BIOSCRIP INC	COM	09069N108	17,472	2,094,917	SH		DFND	1	2,094,917	0	0
CAPITOL ACQUISITION CORP II	COM	14056V105	101	10,300	SH		DFND	1	10,300	0	0
CARNIVAL PLC	ADR	14365C103	349	9,200	SH		DFND	1	9,200	0	0
CARNIVAL PLC	ADR	14365C103	23,360	615,559	SH		DFND		615,559	0	0
CATHAY GEN BANCORP	*W EXP 12/05/201	149150112	3,995	500,000	SH		DFND		500,000	0	0
CBS OUTDOOR AMERS INC	COM	14987J106	654	20,000	SH	Put	DFND		20,000	0	0
CBS OUTDOOR AMERS INC	COM	14987J106	654	20,000	SH		DFND		20,000	0	0
CEL SCI CORP	*W EXP 10/11/201	150837177	9	33,416	SH		DFND	1	33,416	0	0
CHC GROUP LTD	SHS	G07021101	6,040	715,594	SH		DFND	1	715,594	0	0
CHESAPEAKE ENERGY CORP	NOTE 2.750%11/1	165167BW6	106	100,000	PRN		DFND	1	100,000	0	0
CHESAPEAKE ENERGY CORP	NOTE 2.750%11/1	165167BW6	23,839	22,500,000	PRN		DFND		22,500,000	0	0
CIS ACQUISITION LTD	SHS SER A	G21490209	103	10,000	SH		DFND	1	10,000	0	0
CITIGROUP INC	COM NEW	172967424	118	2,500	SH		DFND	1	2,500	0	0
CITIGROUP INC	COM NEW	172967424	2,237	47,500	SH		DFND		47,500	0	0
COACH INC	COM	189754104	2,051	60,000	SH	Call	DFND		60,000	0	0
COACH INC	COM	189754104	6,838	200,000	SH	Put	DFND		200,000	0	0
COMCAST CORP NEW	CL A	20030N101	457	8,506	SH		DFND	1	8,506	0	0
COMCAST CORP NEW	CL A	20030N101	40,260	750,000	SH	Call	DFND		750,000	0	0
COMCAST CORP NEW	CL A	20030N101	1,044	19,455	SH		DFND		19,455	0	0
COMCAST CORP NEW	CL A SPL	20030N200	45,793	858,673	SH		DFND	1	858,673	0	0
CROWN CASTLE INTL CORP	CNV PFD STK SR A	228227500	191	1,876	SH		DFND	1	1,876	0	0
CROWN CASTLE INTL CORP	COM	228227104	30	400	SH	Put	DFND	1	400	0	0
CROWN CASTLE INTL CORP	COM	228227104	713	9,600	SH	Put	DFND		9,600	0	0
CURRENCYSHARES AUSTRALIAN DL	AUSTRALIAN DOL	23129U101	2,955	31,300	SH	Put	DFND	1	31,300	0	0
CYRUSONE INC	COM	23283R100	4,322	173,588	SH		DFND	1	173,588	0	0
DARDEN RESTAURANTS INC	COM	237194105	837	18,100	SH	Put	DFND		18,100	0	0
DIGITALGLOBE INC	COM NEW	25389M877	36,427	1,310,327	SH		DFND	1	1,310,327	0	0
DIRECTV	COM	25490A309	33,196	390,500	SH	Call	DFND	1	390,500	0	0
DIREXION SHS ETF TR	DL RUSSIA BEAR	25459W284	58	5,450	SH		DFND	1	5,450	0	0
DIREXION SHS ETF TR	DL RUSSIA BEAR	25459W284	58	5,450	SH		DFND		5,450	0	0
DIREXION SHS ETF TR	DLY EMRGMKT BULL	25459Y686	819	26,500	SH		DFND		26,500	0	0
DIREXION SHS ETF TR	DLY TECH BULL 3X	25459W102	472	4,200	SH		DFND		4,200	0	0
DISH NETWORK CORP	CL A	25470M109	16,094	247,300	SH		DFND	1	247,300	0	0
DISNEY WALT CO	COM DISNEY	254687106	1,372	16,000	SH		DFND		16,000	0	0
DOMINION DIAMOND CORP	COM	257287102	14,322	991,131	SH		DFND	1	991,131	0	0
EBAY INC	COM	278642103	2,253	45,000	SH	Put	DFND		45,000	0	0
EBAY INC	COM	278642103	59	1,172	SH		DFND		1,172	0	0
ENPRO INDS INC	COM	29355X107	64,653	883,726	SH		DFND	1	883,726	0	0
EXPEDITORS INTL WASH INC	COM	302130109	4,416	100,000	SH	Put	DFND		100,000	0	0
EXPEDITORS INTL WASH INC	COM	302130109	6,182	140,000	SH		DFND		140,000	0	0
EXXON MOBIL CORP	COM	30231G102	5,034	50,000	SH	Call	DFND		50,000	0	0
EXXON MOBIL CORP	COM	30231G102	5,034	50,000	SH	Put	DFND		50,000	0	0
FIDELITY NATIONAL FINANCIAL	CL A	31620R105	22,931	699,957	SH		DFND	1	699,957	0	0
FIELDPOINT PETROLEUM CORP	*W EXP 03/23/201	316570126	92	56,886	SH		DFND	1	56,886	0	0
FIRST TR ISE REVERE NAT GAS	COM	33734J102	281	11,905	SH		DFND	1	11,905	0	0
FIRST TR ISE REVERE NAT GAS	COM	33734J102	163	6,920	SH		DFND		6,920	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	8,620	500,000	SH	Put	DFND		500,000	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,515	87,891	SH		DFND		87,891	0	0
FREEPORT-MCMORAN COPPER & GO	COM	35671D857	7,300	200,000	SH	Call	DFND		200,000	0	0
FREEPORT-MCMORAN COPPER & GO	COM	35671D857	17,885	490,000	SH	Put	DFND		490,000	0	0
GENCORP INC	COM	368682100	49,438	2,588,402	SH		DFND	1	2,588,402	0	0
GENCORP INC	SDCV 4.062%12/3	368682AN0	9,783	4,600,000	PRN		DFND		4,600,000	0	0
GENERAL ELECTRIC CO	COM	369604103	3,285	125,000	SH	Call	DFND		125,000	0	0
GENERAL ELECTRIC CO	COM	369604103	1,293	49,210	SH		DFND		49,210	0	0
GLOBAL DEFENSE & NATL SEC SY	COM	37953N108	102	10,000	SH		DFND	1	10,000	0	0
GLOBAL EAGLE ENTMT INC	COM	37951D102	360	29,000	SH	Put	DFND	1	29,000	0	0
GLOBAL EAGLE ENTMT INC	COM	37951D102	5,586	450,500	SH	Put	DFND		450,500	0	0
GLOBALSTAR INC	COM	378973408	15,565	3,662,423	SH		DFND	1	3,662,423	0	0
GOLDCORP INC NEW	COM	380956409	2,456	88,000	SH	Call	DFND		88,000	0	0
GOOGLE INC	CL C	38259P706	515	895	SH		DFND	1	895	0	0
GOOGLE INC	CL C	38259P706	11,934	20,745	SH		DFND		20,745	0	0
GULFPORT ENERGY CORP	COM NEW	402635304	15,700	250,000	SH	Put	DFND		250,000	0	0
GULFPORT ENERGY CORP	COM NEW	402635304	4,365	69,500	SH		DFND		69,500	0	0
HAWAIIAN HOLDINGS INC	NOTE 5.000% 3/1	419879AD3	361	200,000	PRN		DFND	1	200,000	0	0
HEALTH CARE REIT INC	NOTE 3.000%12/0	42217KAR7	263	213,000	PRN		DFND	1	213,000	0	0
HEALTH CARE REIT INC	NOTE 3.000%12/0	42217KAR7	14,881	12,037,000	PRN		DFND		12,037,000	0	0
HENNESSY CAP ACQUISITION COR	COM	425886108	97	10,000	SH		DFND	1	10,000	0	0
HENNESSY CAP ACQUISITION COR	UNIT 99/99/9999	425886207	71	7,000	SH		DFND	1	7,000	0	0
HERTZ GLOBAL HOLDINGS INC	COM	42805T105	23,380	834,090	SH		DFND	1	834,090	0	0
HONEYWELL INTL INC	COM	438516106	1,766	19,000	SH		DFND		19,000	0	0
HUBBELL INC	CL A	443510102	7,954	63,734	SH		DFND	1	63,734	0	0
HUBBELL INC	CL B	443510201	29,904	242,825	SH		DFND	1	242,825	0	0
ICONIX BRAND GROUP INC	NOTE 2.500% 6/0	451055AE7	290	200,000	PRN		DFND	1	200,000	0	0
ICONIX BRAND GROUP INC	NOTE 2.500% 6/0	451055AE7	14,492	10,000,000	PRN		DFND		10,000,000	0	0
INSULET CORP	NOTE 2.000% 6/1	45784PAD3	369	333,000	PRN		DFND	1	333,000	0	0
INSULET CORP	NOTE 2.000% 6/1	45784PAD3	10,168	9,167,000	PRN		DFND		9,167,000	0	0
INTEL CORP	COM	458140100	4,743	153,500	SH	Put	DFND	1	153,500	0	0
INTEL CORP	COM	458140100	13,287	430,000	SH	Call	DFND		430,000	0	0
ISHARES	20+ YR TR BD ETF	464287432	21	187	SH		DFND	1	187	0	0
ISHARES	20+ YR TR BD ETF	464287432	284	2,500	SH	Put	DFND	1	2,500	0	0
ISHARES	CHINA LG-CAP ETF	464287184	130	3,500	SH	Put	DFND	1	3,500	0	0
ISHARES	CHINA LG-CAP ETF	464287184	7,408	200,000	SH	Put	DFND		200,000	0	0
ISHARES	MSCI BRZ CAP ETF	464286400	239	5,000	SH	Put	DFND	1	5,000	0	0
ISHARES	MSCI EAFE ETF	464287465	4,690	68,600	SH	Call	DFND		68,600	0	0
ISHARES	MSCI EAFE ETF	464287465	740	10,821	SH		DFND		10,821	0	0
ISHARES	MSCI EAFE ETF	464287465	17,093	250,000	SH	Put	DFND		250,000	0	0
ISHARES	MSCI HONG KG ETF	464286871	209	10,000	SH	Put	DFND	1	10,000	0	0
ISHARES	PHLX SEMICND ETF	464287523	927	10,734	SH		DFND		10,734	0	0
ISHARES	RUSSELL 2000 ETF	464287655	59	500	SH		DFND	1	500	0	0
ISHARES	RUSSELL 2000 ETF	464287655	1,224	10,300	SH	Put	DFND	1	10,300	0	0
ISHARES	U.S. REAL ES ETF	464287739	1,077	15,000	SH	Put	DFND	1	15,000	0	0
ISHARES	U.S. REAL ES ETF	464287739	1,436	20,000	SH	Call	DFND		20,000	0	0
ISHARES	U.S. REAL ES ETF	464287739	57	790	SH		DFND		790	0	0
ISHARES	U.S. REAL ES ETF	464287739	1,436	20,000	SH	Put	DFND		20,000	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	17,706	874,379	SH		DFND		874,379	0	0
J2 GLOBAL INC	NOTE 3.250% 6/1	48123VAC6	10,198	10,000,000	PRN		DFND		10,000,000	0	0
JARDEN CORP	COM	471109108	17,864	301,000	SH		DFND	1	301,000	0	0
KAR AUCTION SVCS INC	COM	48238T109	9,083	285,015	SH		DFND	1	285,015	0	0
KINROSS GOLD CORP	COM NO PAR	496902404	828	200,000	SH	Put	DFND		200,000	0	0
KINROSS GOLD CORP	COM NO PAR	496902404	390	94,284	SH		DFND		94,284	0	0
KKR & CO L P DEL	COM UNITS	48248M102	8,759	360,000	SH	Call	DFND		360,000	0	0
L-3 COMMUNICATIONS HLDGS INC	COM	502424104	1,092	9,040	SH		DFND		9,040	0	0
LAM RESEARCH CORP	COM	512807108	1,690	25,000	SH	Call	DFND		25,000	0	0
LAM RESEARCH CORP	COM	512807108	3,048	45,100	SH		DFND		45,100	0	0
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	6,367	145,000	SH	Call	DFND		145,000	0	0
LEVEL 3 COMMUNICATIONS INC	COM NEW	52729N308	8,782	200,000	SH	Put	DFND		200,000	0	0
LEVY ACQUISITION CORP	COM	52748T104	97	10,000	SH		DFND	1	10,000	0	0
LIN MEDIA LLC	CL A COM	532771102	70,584	2,590,223	SH		DFND	1	2,590,223	0	0
MARKET VECTORS ETF TR	GOLD MINER ETF	57060U100	19,975	755,209	SH		DFND		755,209	0	0
MARKET VECTORS ETF TR	RUSSIA ETF	57060U506	369	14,000	SH		DFND	1	14,000	0	0
MARKET VECTORS ETF TR	RUSSIA ETF	57060U506	369	14,000	SH		DFND		14,000	0	0
MARKET VECTORS ETF TR	RUSSIA ETF	57060U506	5,266	200,000	SH	Put	DFND		200,000	0	0
MARKET VECTORS ETF TR	SEMICONDUCTOR	57060U233	2,875	58,094	SH		DFND	1	58,094	0	0
MARKET VECTORS ETF TR	SEMICONDUCTOR	57060U233	4,078	82,406	SH		DFND		82,406	0	0
MEDIA GEN INC	CL A	584404107	11,975	583,298	SH		DFND	1	583,298	0	0
MENTOR GRAPHICS CORP	SDCV 4.000% 4/0	587200AK2	246	200,000	PRN		DFND	1	200,000	0	0
METHANEX CORP	COM	59151K108	24,962	404,040	SH		DFND	1	404,040	0	0
METLIFE INC	COM	59156R108	1,011	18,200	SH	Call	DFND		18,200	0	0
METLIFE INC	COM	59156R108	4,067	73,200	SH	Put	DFND		73,200	0	0
METLIFE INC	COM	59156R108	3,506	63,100	SH		DFND		63,100	0	0
METLIFE INC	UNIT 99/99/9999	59156R116	28	891	SH		DFND	1	891	0	0
MGM RESORTS INTERNATIONAL	COM	552953101	2,640	100,000	SH	Put	DFND		100,000	0	0
MGM RESORTS INTERNATIONAL	NOTE 4.250% 4/1	55303QAE0	295	200,000	PRN		DFND	1	200,000	0	0
MGM RESORTS INTERNATIONAL	NOTE 4.250% 4/1	55303QAE0	16,203	11,000,000	PRN		DFND		11,000,000	0	0
MICRON TECHNOLOGY INC	COM	595112103	39,540	1,200,000	SH	Put	DFND		1,200,000	0	0
MICRON TECHNOLOGY INC	COM	595112103	12,477	378,677	SH		DFND		378,677	0	0
MICRON TECHNOLOGY INC	NOTE 2.375% 5/0	595112AW3	43,094	12,500,000	PRN		DFND		12,500,000	0	0
MICROSOFT CORP	COM	594918104	41,700	1,000,000	SH	Call	DFND		1,000,000	0	0
MICROSOFT CORP	COM	594918104	22,101	530,000	SH	Put	DFND		530,000	0	0
MICROSOFT CORP	COM	594918104	10,003	239,888	SH		DFND		239,888	0	0
MOLINA HEALTHCARE INC	NOTE 3.750%10/0	60855RAA8	287	200,000	PRN		DFND	1	200,000	0	0
MOLINA HEALTHCARE INC	NOTE 3.750%10/0	60855RAA8	24,091	16,800,000	PRN		DFND		16,800,000	0	0
MYLAN INC	COM	628530107	59,866	1,161,100	SH		DFND	1	1,161,100	0	0
NEWMONT MINING CORP	COM	651639106	3,300	129,700	SH	Call	DFND		129,700	0	0
NEWMONT MINING CORP	COM	651639106	1,781	70,000	SH	Put	DFND		70,000	0	0
NEXTERA ENERGY INC	COM	65339F101	41	400	SH	Put	DFND	1	400	0	0
NEXTERA ENERGY INC	COM	65339F101	3,033	29,600	SH	Put	DFND		29,600	0	0
NOKIA CORP	SPONSORED ADR	654902204	67	8,900	SH		DFND	1	8,900	0	0
NOKIA CORP	SPONSORED ADR	654902204	227	30,000	SH	Put	DFND	1	30,000	0	0
NOKIA CORP	SPONSORED ADR	654902204	1,288	170,374	SH		DFND		170,374	0	0
NOKIA CORP	SPONSORED ADR	654902204	7,655	1,012,500	SH	Put	DFND		1,012,500	0	0
NTELOS HLDGS CORP	COM NEW	67020Q305	7,996	641,737	SH		DFND	1	641,737	0	0
OCEAN RIG UDW INC	SHS	Y64354205	31,421	1,659,867	SH		DFND	1	1,659,867	0	0
OSI SYSTEMS INC	COM	671044105	40,345	604,424	SH		DFND	1	604,424	0	0
PFIZER INC	COM	717081103	2,968	100,000	SH	Call	DFND		100,000	0	0
PFIZER INC	COM	717081103	2,968	100,000	SH	Put	DFND		100,000	0	0
PFIZER INC	COM	717081103	1,546	52,100	SH		DFND		52,100	0	0
PHH CORP	COM NEW	693320202	10,541	458,704	SH		DFND	1	458,704	0	0
POWERSHARES ETF TRUST II	SENIOR LN PORT	73936Q769	401	16,124	SH		DFND	1	16,124	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	28,072	298,928	SH		DFND		298,928	0	0
PRICELINE GRP INC	COM NEW	741503403	2,406	2,000	SH		DFND		2,000	0	0
PROCTER & GAMBLE CO	COM	742718109	27,507	350,000	SH	Put	DFND		350,000	0	0
PROSHARES TR II	ULT VIX SHRT TRM	74347W346	847	31,800	SH	Call	DFND	1	31,800	0	0
PROSHARES TR II	ULT VIX SHRT TRM	74347W346	4,943	185,700	SH	Call	DFND		185,700	0	0
QEP RES INC	COM	74733V100	42,586	1,234,367	SH		DFND	1	1,234,367	0	0
RACKSPACE HOSTING INC	COM	750086100	505	15,000	SH	Call	DFND	1	15,000	0	0
RACKSPACE HOSTING INC	COM	750086100	62,900	1,868,692	SH		DFND	1	1,868,692	0	0
REXNORD CORP NEW	COM	76169B102	8,678	308,280	SH		DFND	1	308,280	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	7,599	140,000	SH	Put	DFND		140,000	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	58	701	SH		DFND	1	701	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	12,790	155,281	SH		DFND		155,281	0	0
S&W SEED CO	*W EXP 05/03/201	785135120	24	31,740	SH		DFND	1	31,740	0	0
SALESFORCE COM INC	COM	79466L302	6,970	120,000	SH	Put	DFND		120,000	0	0
SALESFORCE COM INC	COM	79466L302	1,452	25,000	SH		DFND		25,000	0	0
SANDISK CORP	NOTE 1.500% 8/1	80004CAD3	307	150,000	PRN		DFND	1	150,000	0	0
SEALED AIR CORP NEW	COM	81211K100	557	16,300	SH	Call	DFND	1	16,300	0	0
SEALED AIR CORP NEW	COM	81211K100	4,510	132,000	SH	Call	DFND		132,000	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	220	3,300	SH	Put	DFND	1	3,300	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	254	5,700	SH	Put	DFND	1	5,700	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	262	4,300	SH	Put	DFND	1	4,300	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	13	133	SH		DFND	1	133	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	190	1,900	SH	Put	DFND	1	1,900	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	1,159	11,574	SH		DFND		11,574	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	807	35,472	SH		DFND	1	35,472	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	2,367	104,100	SH	Put	DFND	1	104,100	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	36,628	1,610,735	SH		DFND		1,610,735	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	379,958	16,708,800	SH	Put	DFND		16,708,800	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	243	4,500	SH	Put	DFND	1	4,500	0	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	199	4,500	SH	Put	DFND	1	4,500	0	0
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	4,426	100,000	SH	Call	DFND		100,000	0	0
SELECT SECTOR SPDR TR	SBI MATERIALS	81369Y100	223	4,500	SH	Put	DFND	1	4,500	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	173	4,500	SH	Put	DFND	1	4,500	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	166	4,333	SH		DFND		4,333	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	196	1,000	SH	Call	DFND	1	1,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	19,846	101,400	SH	Put	DFND	1	101,400	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	8,807	45,000	SH	Call	DFND		45,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	34,251	175,000	SH	Put	DFND		175,000	0	0
SPDR SERIES TRUST	S&P HOMEBUILD	78464A888	3,275	100,000	SH	Call	DFND		100,000	0	0
SPDR SERIES TRUST	S&P METALS MNG	78464A755	2,113	50,000	SH	Call	DFND		50,000	0	0
SPDR SERIES TRUST	S&P OILGAS EXP	78464A730	2,139	26,000	SH		DFND		26,000	0	0
SPROTT PHYSICAL GOLD TRUST	UNIT	85207H104	155	14,068	SH		DFND	1	14,068	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	25,583	1,189,905	SH		DFND	1	1,189,905	0	0
TESLA MTRS INC	NOTE 1.250% 3/0	88160RAC5	145	150,000	PRN		DFND	1	150,000	0	0
TESLA MTRS INC	NOTE 1.500% 6/0	88160RAA9	202	100,000	PRN		DFND	1	100,000	0	0
TESLA MTRS INC	NOTE 1.500% 6/0	88160RAA9	20,224	10,000,000	PRN		DFND		10,000,000	0	0
TRI POINTE HOMES INC	COM	87265H109	1,258	80,000	SH	Call	DFND		80,000	0	0
TRI POINTE HOMES INC	COM	87265H109	3,616	230,000	SH	Put	DFND		230,000	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	64	1,866	SH		DFND	1	1,866	0	0
TWENTY FIRST CENTY FOX INC	CL B	90130A200	9,026	263,681	SH		DFND		263,681	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	56,925	554,500	SH	Call	DFND		554,500	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	4,106	40,000	SH	Put	DFND		40,000	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	7,582	73,859	SH		DFND		73,859	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	58	500	SH	Call	DFND	1	500	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	238	2,060	SH		DFND	1	2,060	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	7,331	63,500	SH	Call	DFND		63,500	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	3,609	31,264	SH		DFND		31,264	0	0
VAIL RESORTS INC	COM	91879Q109	23,275	301,572	SH		DFND	1	301,572	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	2,159	43,100	SH	Call	DFND		43,100	0	0
VERINT SYS INC	COM	92343X100	2,210	45,064	SH		DFND		45,064	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	1,957	40,000	SH	Put	DFND		40,000	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	373	7,628	SH		DFND		7,628	0	0
VIACOM INC NEW	CL A	92553P102	277	3,191	SH		DFND	1	3,191	0	0
VIACOM INC NEW	CL A	92553P102	24,986	288,019	SH		DFND		288,019	0	0
VIPSHOP HLDGS LTD	NOTE 1.500% 3/1	92763WAA1	11,770	10,000,000	PRN		DFND		10,000,000	0	0
VODAFONE GROUP PLC NEW	SPNSR ADR NO PAR	92857W308	4,845	145,100	SH	Call	DFND		145,100	0	0
WEYERHAEUSER CO	COM	962166104	5,880	177,700	SH	Put	DFND		177,700	0	0
WEYERHAEUSER CO	COM	962166104	9,338	282,200	SH		DFND		282,200	0	0
WILLIAMS COS INC DEL	COM	969457100	5,821	100,000	SH	Call	DFND		100,000	0	0
WILLIAMS COS INC DEL	COM	969457100	1,874	32,200	SH	Put	DFND		32,200	0	0
WILLIAMS COS INC DEL	COM	969457100	873	15,000	SH		DFND		15,000	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	167	7,430	SH		DFND	1	7,430	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	1,730	77,000	SH	Put	DFND	1	77,000	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	2,247	100,000	SH		DFND		100,000	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	16,920	753,000	SH	Put	DFND		753,000	0	0
YAHOO INC	COM	984332106	1,757	50,000	SH	Call	DFND		50,000	0	0
YAHOO INC	COM	984332106	9,661	275,000	SH	Put	DFND		275,000	0	0
YAHOO INC	COM	984332106	2,273	64,700	SH		DFND		64,700	0	0
ZIONS BANCORPORATION	*W EXP 05/22/202	989701115	169	32,200	SH		DFND	1	32,200	0	0
ZIONS BANCORPORATION	*W EXP 05/22/202	989701115	7,698	1,463,495	SH		DFND		1,463,495	0	0
ZOETIS INC	CL A	98978V103	3,227	100,000	SH	Call	DFND		100,000	0	0