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
ABENGOA YIELD PLC	ORD SHS	G00349103	8,873	262,659	SH		DFND	1	262,659	0	0
ACTAVIS PLC	SHS	G0083B108	64,582	216,995	SH		DFND	1	216,995	0	0
ADVENT CLAYMORE ENH GRW & IN	COM	00765E104	1,013	107,493	SH		DFND		107,493	0	0
AGILENT TECHNOLOGIES INC	COM	00846U101	1,247	30,000	SH	Call	DFND		30,000	0	0
AIR PRODS & CHEMS INC	COM	009158106	47,332	312,875	SH		DFND	1	312,875	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	4,162	50,000	SH	Call	DFND		50,000	0	0
ALIBABA GROUP HLDG LTD	SPONSORED ADS	01609W102	12,486	150,000	SH	Put	DFND		150,000	0	0
ALPINE GLOBAL PREMIER PPTYS	COM SBI	02083A103	90	13,200	SH		DFND	1	13,200	0	0
ALPINE GLOBAL PREMIER PPTYS	COM SBI	02083A103	129	18,820	SH		DFND		18,820	0	0
AMAZON COM INC	COM	023135106	23,926	64,300	SH		DFND	1	64,300	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	115	2,100	SH		DFND	1	2,100	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	16,437	300,000	SH	Call	DFND		300,000	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	4,109	75,000	SH	Put	DFND		75,000	0	0
ANADARKO PETE CORP	COM	032511107	1,242	15,000	SH	Call	DFND		15,000	0	0
ANGLOGOLD ASHANTI LTD	SPONSORED ADR	035128206	466	49,887	SH		DFND		49,887	0	0
ANGLOGOLD ASHANTI LTD	SPONSORED ADR	035128206	467	50,000	SH	Put	DFND		50,000	0	0
APPLE INC	COM	037833100	12,443	100,000	SH	Call	DFND		100,000	0	0
APPLE INC	COM	037833100	35,151	282,500	SH	Put	DFND		282,500	0	0
APPLE INC	COM	037833100	6,185	49,706	SH		DFND		49,706	0	0
APPLIED DNA SCIENCES INC	*W EXP 11/21/201	03815U110	41	39,445	SH		DFND	1	39,445	0	0
APPLIED MATLS INC	COM	038222105	3,722	165,000	SH	Call	DFND		165,000	0	0
APPLIED MATLS INC	COM	038222105	13,536	600,000	SH	Put	DFND		600,000	0	0
APPLIED MATLS INC	COM	038222105	4,636	205,495	SH		DFND		205,495	0	0
ARAMARK	COM	03852U106	66,459	2,101,137	SH		DFND	1	2,101,137	0	0
ARCELORMITTAL SA LUXEMBOURG	MAND CV NT 16	L0302D178	302	20,138	SH		DFND	1	20,138	0	0
ARCELORMITTAL SA LUXEMBOURG	MAND CV NT 16	L0302D178	45,779	3,047,902	SH		DFND		3,047,902	0	0
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L104	24	2,500	SH	Put	DFND	1	2,500	0	0
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L104	2,152	228,400	SH	Call	DFND		228,400	0	0
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L104	918	97,500	SH	Put	DFND		97,500	0	0
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L104	3,667	389,279	SH		DFND		389,279	0	0
ASSOCIATED BANC CORP	*W EXP 11/21/201	045487113	253	100,200	SH		DFND	1	100,200	0	0
AT&T INC	COM	00206R102	6,530	200,000	SH	Call	DFND		200,000	0	0
AT&T INC	COM	00206R102	11,428	350,000	SH	Put	DFND		350,000	0	0
AT&T INC	COM	00206R102	6,644	203,506	SH		DFND		203,506	0	0
B/E AEROSPACE INC	COM	073302101	14,350	225,558	SH		DFND	1	225,558	0	0
BAKER HUGHES INC	COM	057224107	1,590	25,000	SH	Put	DFND		25,000	0	0
BAKER HUGHES INC	COM	057224107	1,659	26,100	SH		DFND		26,100	0	0
BALL CORP	COM	058498106	34,440	487,545	SH		DFND	1	487,545	0	0
BANK AMER CORP	COM	060505104	154	10,000	SH	Call	DFND	1	10,000	0	0
BANK AMER CORP	COM	060505104	77	5,000	SH	Put	DFND	1	5,000	0	0
BANK AMER CORP	COM	060505104	231	15,000	SH		DFND	1	15,000	0	0
BANK AMER CORP	COM	060505104	17,083	1,110,000	SH	Call	DFND		1,110,000	0	0
BANK AMER CORP	COM	060505104	14,036	912,000	SH	Put	DFND		912,000	0	0
BANK AMER CORP	COM	060505104	13,058	848,495	SH		DFND		848,495	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	131	5,123	SH		DFND	1	5,123	0	0
BARCLAYS BK PLC	IPATH S&P500 VIX	06742E711	228	8,894	SH		DFND		8,894	0	0
BEAZER HOMES USA INC	COM NEW	07556Q881	18	1,000	SH	Put	DFND	1	1,000	0	0
BEAZER HOMES USA INC	COM NEW	07556Q881	159	9,000	SH	Put	DFND		9,000	0	0
BERRY PLASTICS GROUP INC	COM	08579W103	51,208	1,414,984	SH		DFND	1	1,414,984	0	0
BIOSCRIP INC	COM	09069N108	5,286	1,193,308	SH		DFND	1	1,193,308	0	0
BLACKROCK RES & COMM STRAT T	SHS	09257A108	96	10,000	SH		DFND	1	10,000	0	0
BLACKROCK RES & COMM STRAT T	SHS	09257A108	1,263	132,129	SH		DFND		132,129	0	0
BLUE BIRD CORP	*W EXP 01/23/201	095306114	15	20,000	SH		DFND	1	20,000	0	0
BOSTON BEER INC	CL A	100557107	2,674	10,000	SH	Call	DFND		10,000	0	0
CAPITOL ACQUISITION CORP II	COM	14056V105	132	13,053	SH		DFND	1	13,053	0	0
CARNIVAL CORP	PAIRED CTF	143658300	96	2,000	SH	Call	DFND	1	2,000	0	0
CARNIVAL CORP	PAIRED CTF	143658300	504	10,536	SH		DFND	1	10,536	0	0
CARNIVAL CORP	PAIRED CTF	143658300	2,392	50,000	SH	Call	DFND		50,000	0	0
CARNIVAL CORP	PAIRED CTF	143658300	13,451	281,176	SH		DFND		281,176	0	0
CATERPILLAR INC DEL	COM	149123101	800	10,000	SH	Call	DFND	1	10,000	0	0
CATHAY GEN BANCORP	*W EXP 12/05/201	149150112	3,804	448,044	SH		DFND		448,044	0	0
CEL SCI CORP	*W EXP 10/11/201	150837177	10	30,000	SH		DFND	1	30,000	0	0
CENTRAL GARDEN & PET CO	COM	153527106	204	20,624	SH		DFND		20,624	0	0
CF INDS HLDGS INC	COM	125269100	19,432	68,500	SH		DFND	1	68,500	0	0
CHENIERE ENERGY INC	NOTE 4.250% 3/1	16411RAG4	207	250,000	PRN		DFND	1	250,000	0	0
CHENIERE ENERGY INC	NOTE 4.250% 3/1	16411RAG4	4,141	5,000,000	PRN		DFND		5,000,000	0	0
CHESAPEAKE ENERGY CORP	NOTE 2.750%11/1	165167BW6	10,021	10,000,000	PRN		DFND		10,000,000	0	0
CIS ACQUISITION LTD	*W EXP 12/18/201	G21490118	3	10,000	SH		DFND	1	10,000	0	0
CISCO SYS INC	COM	17275R102	14,451	525,000	SH	Call	DFND		525,000	0	0
CISCO SYS INC	COM	17275R102	5,505	200,000	SH	Put	DFND		200,000	0	0
CITIGROUP INC	COM NEW	172967424	531	10,300	SH	Call	DFND	1	10,300	0	0
CITIGROUP INC	COM NEW	172967424	77	1,500	SH	Put	DFND	1	1,500	0	0
CITIGROUP INC	COM NEW	172967424	243	4,715	SH		DFND	1	4,715	0	0
CITIGROUP INC	COM NEW	172967424	5,152	100,000	SH	Call	DFND		100,000	0	0
CITIGROUP INC	COM NEW	172967424	985	19,115	SH		DFND		19,115	0	0
COACH INC	COM	189754104	3,107	75,000	SH	Call	DFND		75,000	0	0
COACH INC	COM	189754104	2,279	55,000	SH	Put	DFND		55,000	0	0
COACH INC	COM	189754104	808	19,500	SH		DFND		19,500	0	0
COBALT INTL ENERGY INC	NOTE 3.125% 5/1	19075FAB2	369	500,000	PRN		DFND	1	500,000	0	0
COCA COLA CO	COM	191216100	811	20,000	SH	Call	DFND		20,000	0	0
COCA COLA CO	COM	191216100	8,110	200,000	SH	Put	DFND		200,000	0	0
COCA COLA CO	COM	191216100	2,839	70,000	SH		DFND		70,000	0	0
COMCAST CORP NEW	CL A	20030N101	16,941	300,000	SH	Call	DFND		300,000	0	0
CORMEDIX INC	*W EXP 04/30/201	21900C118	107	16,855	SH		DFND	1	16,855	0	0
CORMEDIX INC	COM	21900C100	98	10,000	SH	Put	DFND	1	10,000	0	0
CORMEDIX INC	COM	21900C100	92	9,320	SH		DFND	1	9,320	0	0
CROWN CASTLE INTL CORP NEW	CNV PFD STK SR A	22822V200	515	4,912	SH		DFND	1	4,912	0	0
CURRENCYSHS BRIT POUND STER	BRIT POUND STE	23129S106	5,824	40,000	SH	Put	DFND	1	40,000	0	0
D R HORTON INC	COM	23331A109	1,994	70,000	SH	Put	DFND		70,000	0	0
D R HORTON INC	COM	23331A109	121	4,250	SH		DFND		4,250	0	0
DAVE & BUSTERS ENTMT INC	COM	238337109	5,069	166,400	SH		DFND	1	166,400	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	13,938	310,000	SH		DFND	1	310,000	0	0
DEVON ENERGY CORP NEW	COM	25179M103	905	15,000	SH	Call	DFND		15,000	0	0
DIGITALGLOBE INC	COM NEW	25389M877	36,642	1,075,492	SH		DFND	1	1,075,492	0	0
DRAGONWAVE INC	*W EXP 08/01/201	26144M129	6	20,000	SH		DFND	1	20,000	0	0
DT ASIA INVTS LTD	SHS	G2615J104	100	10,165	SH		DFND	1	10,165	0	0
ELECTRONIC ARTS INC	NOTE 0.750% 7/1	285512AA7	371	200,000	PRN		DFND	1	200,000	0	0
ELECTRONIC ARTS INC	NOTE 0.750% 7/1	285512AA7	19,997	10,785,000	PRN		DFND		10,785,000	0	0
ENPRO INDS INC	COM	29355X107	55,415	840,257	SH		DFND	1	840,257	0	0
EXPEDIA INC DEL	COM NEW	30212P303	631	6,700	SH	Call	DFND		6,700	0	0
EXPEDIA INC DEL	COM NEW	30212P303	631	6,700	SH	Put	DFND		6,700	0	0
EXXON MOBIL CORP	COM	30231G102	27,200	320,000	SH	Call	DFND		320,000	0	0
EXXON MOBIL CORP	COM	30231G102	5,313	62,500	SH	Put	DFND		62,500	0	0
EXXON MOBIL CORP	COM	30231G102	7,170	84,349	SH		DFND		84,349	0	0
FIELDPOINT PETROLEUM CORP	*W EXP 03/23/201	316570126	4	42,260	SH		DFND	1	42,260	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	1,751	108,500	SH	Call	DFND		108,500	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	9,355	579,600	SH	Put	DFND		579,600	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	169	10,441	SH		DFND		10,441	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	5,496	290,000	SH	Put	DFND		290,000	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	4,567	241,000	SH		DFND		241,000	0	0
GENCORP INC	COM	368682100	41,166	1,775,145	SH		DFND	1	1,775,145	0	0
GENERAL ELECTRIC CO	COM	369604103	13,251	534,100	SH	Put	DFND		534,100	0	0
GENERAL ELECTRIC CO	COM	369604103	2,671	107,672	SH		DFND		107,672	0	0
GENERAL MTRS CO	COM	37045V100	1,125	30,000	SH	Call	DFND	1	30,000	0	0
GENERAL MTRS CO	COM	37045V100	94	2,500	SH	Put	DFND	1	2,500	0	0
GENERAL MTRS CO	COM	37045V100	1,125	30,000	SH	Call	DFND		30,000	0	0
GENERAL MTRS CO	COM	37045V100	1,875	50,000	SH	Put	DFND		50,000	0	0
GENERAL MTRS CO	COM	37045V100	586	15,616	SH		DFND		15,616	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	462	10,000	SH	Call	DFND		10,000	0	0
GLOBAL DEFENSE & NATL SEC SY	COM	37953N108	208	20,000	SH		DFND	1	20,000	0	0
GLOBAL EAGLE ENTMT INC	COM	37951D102	358	26,900	SH	Call	DFND	1	26,900	0	0
GLOBAL EAGLE ENTMT INC	COM	37951D102	226	17,000	SH	Put	DFND	1	17,000	0	0
GLOBAL EAGLE ENTMT INC	COM	37951D102	2,337	175,600	SH	Call	DFND		175,600	0	0
GLOBAL EAGLE ENTMT INC	COM	37951D102	1,481	111,300	SH	Put	DFND		111,300	0	0
GLOBAL X FDS	FTSE GREECE 20	37950E366	220	20,000	SH	Call	DFND	1	20,000	0	0
GOOGLE INC	CL C	38259P706	2,297	4,191	SH		DFND		4,191	0	0
GRAY TELEVISION INC	COM	389375106	15,202	1,100,000	SH		DFND	1	1,100,000	0	0
GREENBRIER COS INC	NOTE 3.500% 4/0	393657AH4	152	100,000	PRN		DFND	1	100,000	0	0
HUBBELL INC	CL A	443510102	8,834	83,467	SH		DFND	1	83,467	0	0
HUBBELL INC	CL B	443510201	16,227	148,034	SH		DFND	1	148,034	0	0
ICONIX BRAND GROUP INC	NOTE 1.500% 3/1	451055AF4	179	150,000	PRN		DFND	1	150,000	0	0
ILLUMINA INC	COM	452327109	1,634	8,800	SH		DFND		8,800	0	0
INTEL CORP	COM	458140100	109	3,500	SH	Put	DFND	1	3,500	0	0
INTEL CORP	COM	458140100	8,130	260,000	SH	Call	DFND		260,000	0	0
INTEL CORP	COM	458140100	33,593	1,074,300	SH	Put	DFND		1,074,300	0	0
INTEL CORP	SDCV 3.250% 8/0	458140AF7	158	100,000	PRN		DFND	1	100,000	0	0
ISHARES	IBOXX HI YD ETF	464288513	462	5,100	SH		DFND	1	5,100	0	0
ISHARES	IBOXX HI YD ETF	464288513	4,893	54,000	SH	Put	DFND	1	54,000	0	0
ISHARES	JP MOR EM MK ETF	464288281	258	2,300	SH	Put	DFND	1	2,300	0	0
ISHARES	MSCI BRZ CAP ETF	464286400	941	30,000	SH	Call	DFND	1	30,000	0	0
ISHARES	MSCI BRZ CAP ETF	464286400	27	874	SH		DFND	1	874	0	0
ISHARES	MSCI BRZ CAP ETF	464286400	715	22,800	SH	Put	DFND	1	22,800	0	0
ISHARES	MSCI BRZ CAP ETF	464286400	6,274	200,000	SH	Call	DFND		200,000	0	0
ISHARES	MSCI BRZ CAP ETF	464286400	1,569	50,000	SH	Put	DFND		50,000	0	0
ISHARES	MSCI CDA ETF	464286509	9,684	356,300	SH	Put	DFND		356,300	0	0
ISHARES	MSCI HONG KG ETF	464286871	548	25,000	SH	Put	DFND	1	25,000	0	0
ISHARES	MSCI SPAN CP ETF	464286764	261	7,500	SH	Call	DFND	1	7,500	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	8,165	512,544	SH		DFND		512,544	0	0
ISHARES SILVER TRUST	ISHARES	46428Q109	1,832	115,000	SH	Put	DFND		115,000	0	0
ISHARES TR	20+ YR TR BD ETF	464287432	713	5,454	SH		DFND	1	5,454	0	0
ISHARES TR	20+ YR TR BD ETF	464287432	18,950	145,000	SH	Call	DFND		145,000	0	0
ISHARES TR	20+ YR TR BD ETF	464287432	4,051	31,000	SH		DFND		31,000	0	0
ISHARES TR	CHINA LG-CAP ETF	464287184	2,851	64,202	SH		DFND	1	64,202	0	0
ISHARES TR	CHINA LG-CAP ETF	464287184	444	10,000	SH	Put	DFND	1	10,000	0	0
ISHARES TR	CHINA LG-CAP ETF	464287184	3,038	68,425	SH		DFND		68,425	0	0
ISHARES TR	CHINA LG-CAP ETF	464287184	31,080	700,000	SH	Put	DFND		700,000	0	0
ISHARES TR	MSCI EAFE ETF	464287465	160	2,500	SH	Call	DFND	1	2,500	0	0
ISHARES TR	MSCI EAFE ETF	464287465	1,514	23,596	SH		DFND	1	23,596	0	0
ISHARES TR	MSCI EAFE ETF	464287465	7,944	123,800	SH	Call	DFND		123,800	0	0
ISHARES TR	MSCI EAFE ETF	464287465	437	6,804	SH		DFND		6,804	0	0
ISHARES TR	MSCI EAFE ETF	464287465	15,157	236,200	SH	Put	DFND		236,200	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	629	5,056	SH		DFND	1	5,056	0	0
ISHARES TR	RUSSELL 2000 ETF	464287655	368	2,956	SH		DFND		2,956	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	6	81	SH		DFND	1	81	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	24	300	SH	Put	DFND	1	300	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	7,932	100,000	SH	Call	DFND		100,000	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	868	10,941	SH		DFND		10,941	0	0
ISHARES TR	U.S. REAL ES ETF	464287739	27,643	348,500	SH	Put	DFND		348,500	0	0
JOHNSON & JOHNSON	COM	478160104	8,048	80,000	SH	Put	DFND		80,000	0	0
JOHNSON & JOHNSON	COM	478160104	5,030	50,000	SH		DFND		50,000	0	0
JPMORGAN CHASE & CO	COM	46625H100	6,058	100,000	SH	Put	DFND		100,000	0	0
KAPSTONE PAPER & PACKAGING C	COM	48562P103	14,607	444,804	SH		DFND	1	444,804	0	0
KINDER MORGAN INC DEL	*W EXP 05/25/201	49456B119	135	33,000	SH		DFND	1	33,000	0	0
KINDER MORGAN INC DEL	*W EXP 05/25/201	49456B119	5,864	1,430,158	SH		DFND		1,430,158	0	0
KINDER MORGAN INC DEL	COM	49456B101	223	5,300	SH	Put	DFND	1	5,300	0	0
KINROSS GOLD CORP	COM NO PAR	496902404	291	130,000	SH	Call	DFND		130,000	0	0
KLX INC	COM	482539103	15,003	389,278	SH		DFND	1	389,278	0	0
LAS VEGAS SANDS CORP	COM	517834107	881	16,000	SH	Call	DFND		16,000	0	0
LAS VEGAS SANDS CORP	COM	517834107	9,390	170,600	SH	Put	DFND		170,600	0	0
LAS VEGAS SANDS CORP	COM	517834107	3,656	66,427	SH		DFND		66,427	0	0
LENNAR CORP	CL B	526057302	329	8,000	SH		DFND	1	8,000	0	0
LINKEDIN CORP	COM CL A	53578A108	4,997	20,000	SH	Put	DFND		20,000	0	0
LINKEDIN CORP	COM CL A	53578A108	1,334	5,339	SH		DFND		5,339	0	0
LORILLARD INC	COM	544147101	8,953	137,000	SH		DFND	1	137,000	0	0
LOWES COS INC	COM	548661107	2,559	34,400	SH	Call	DFND		34,400	0	0
MARKET VECTORS ETF TR	EM LC CURR DBT	57060U522	320	15,900	SH	Call	DFND	1	15,900	0	0
MARKET VECTORS ETF TR	RUSSIA ETF	57060U506	341	20,000	SH	Put	DFND	1	20,000	0	0
MARKET VECTORS ETF TR	RUSSIA ETF	57060U506	5,359	314,700	SH	Put	DFND		314,700	0	0
MARKET VECTORS ETF TR	SEMICONDUCTOR	57060U233	952	17,209	SH		DFND	1	17,209	0	0
MARKET VECTORS ETF TR	SEMICONDUCTOR	57060U233	2,404	43,463	SH		DFND		43,463	0	0
MARKETO INC	COM	57063L107	17,824	695,697	SH		DFND	1	695,697	0	0
MCDONALDS CORP	COM	580135101	13,417	137,700	SH	Call	DFND		137,700	0	0
MCDONALDS CORP	COM	580135101	9,257	95,000	SH	Put	DFND		95,000	0	0
MEDGENICS INC	*W EXP 03/31/201	58436Q112	34	12,450	SH		DFND	1	12,450	0	0
MEDGENICS INC	COM NEW	58436Q203	60	7,500	SH		DFND	1	7,500	0	0
MEDIA GEN INC NEW	COM	58441K100	66,982	4,061,973	SH		DFND	1	4,061,973	0	0
MENTOR GRAPHICS CORP	SDCV 4.000% 4/0	587200AK2	250	200,000	PRN		DFND	1	200,000	0	0
MERCK & CO INC NEW	COM	58933Y105	1,006	17,500	SH	Call	DFND		17,500	0	0
MICROCHIP TECHNOLOGY INC	SDCV 2.125%12/1	595017AB0	195	100,000	PRN		DFND	1	100,000	0	0
MICRON TECHNOLOGY INC	COM	595112103	4,070	150,000	SH	Call	DFND		150,000	0	0
MICRON TECHNOLOGY INC	COM	595112103	22,553	831,300	SH	Put	DFND		831,300	0	0
MICRON TECHNOLOGY INC	COM	595112103	7,584	279,558	SH		DFND		279,558	0	0
MICRON TECHNOLOGY INC	NOTE 3.000%11/1	595112AY9	665	600,000	PRN		DFND	1	600,000	0	0
MICRON TECHNOLOGY INC	NOTE 3.000%11/1	595112AY9	17,248	15,561,000	PRN		DFND		15,561,000	0	0
MICROSOFT CORP	COM	594918104	7,415	182,400	SH	Call	DFND		182,400	0	0
MICROSOFT CORP	COM	594918104	52,530	1,292,100	SH	Put	DFND		1,292,100	0	0
MICROSOFT CORP	COM	594918104	17,432	428,770	SH		DFND		428,770	0	0
MOLSON COORS BREWING CO	CL B	60871R209	5,398	72,500	SH	Call	DFND		72,500	0	0
MOLSON COORS BREWING CO	CL B	60871R209	9,679	130,000	SH	Put	DFND		130,000	0	0
MOLSON COORS BREWING CO	CL B	60871R209	6,850	92,007	SH		DFND		92,007	0	0
MONSANTO CO NEW	COM	61166W101	3,883	34,500	SH	Call	DFND		34,500	0	0
MORGAN STANLEY	COM NEW	617446448	8,209	230,000	SH	Put	DFND		230,000	0	0
MORGAN STANLEY	COM NEW	617446448	685	19,204	SH		DFND		19,204	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	759	7,700	SH	Call	DFND		7,700	0	0
NTELOS HLDGS CORP	COM NEW	67020Q305	4,897	1,020,170	SH		DFND	1	1,020,170	0	0
NVIDIA CORP	NOTE 1.000%12/0	67066GAC8	472	400,000	PRN		DFND	1	400,000	0	0
OCEAN RIG UDW INC	SHS	Y64354205	7,880	1,195,724	SH		DFND	1	1,195,724	0	0
ON SEMICONDUCTOR CORP	NOTE 2.625%12/1	682189AH8	514	400,000	PRN		DFND	1	400,000	0	0
ON SEMICONDUCTOR CORP	NOTE 2.625%12/1	682189AH8	10,021	7,800,000	PRN		DFND		7,800,000	0	0
ORION ENGINEERED CARBONS S A	COM	L72967109	8,962	497,873	SH		DFND	1	497,873	0	0
PACKAGING CORP AMER	COM	695156109	16,585	212,116	SH		DFND	1	212,116	0	0
PEPSICO INC	COM	713448108	2,391	25,000	SH	Call	DFND		25,000	0	0
PEPSICO INC	COM	713448108	3,347	35,000	SH	Put	DFND		35,000	0	0
PEPSICO INC	COM	713448108	1,028	10,750	SH		DFND		10,750	0	0
PFIZER INC	COM	717081103	696	20,000	SH	Call	DFND		20,000	0	0
PFIZER INC	COM	717081103	6,958	200,000	SH	Put	DFND		200,000	0	0
PINNACLE FOODS INC DEL	COM	72348P104	22,389	548,626	SH		DFND	1	548,626	0	0
PNC FINL SVCS GROUP INC	*W EXP 12/31/201	693475121	314	12,000	SH		DFND	1	12,000	0	0
PROCTER & GAMBLE CO	COM	742718109	5,490	67,000	SH	Put	DFND		67,000	0	0
PROSHARES TR II	SHT VIX ST TRM	74347W627	551	8,100	SH	Call	DFND	1	8,100	0	0
PROSHARES TR II	SHT VIX ST TRM	74347W627	1,014	14,900	SH	Call	DFND		14,900	0	0
PULTE GROUP INC	COM	745867101	2,519	113,300	SH	Put	DFND		113,300	0	0
PULTE GROUP INC	COM	745867101	42	1,900	SH		DFND		1,900	0	0
QUIDEL CORP	NOTE 3.250%12/1	74838JAA9	272	250,000	PRN		DFND	1	250,000	0	0
QUIDEL CORP	NOTE 3.250%12/1	74838JAA9	5,169	4,750,000	PRN		DFND		4,750,000	0	0
RACKSPACE HOSTING INC	COM	750086100	46,136	894,291	SH		DFND	1	894,291	0	0
REGIONS FINL CORP NEW	COM	7591EP100	9,450	1,000,000	SH	Call	DFND		1,000,000	0	0
ROVI CORP	COM	779376102	2,089	114,716	SH		DFND		114,716	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	349	5,570	SH		DFND	1	5,570	0	0
ROYCE MICRO-CAP TR INC	COM	780915104	142	14,483	SH		DFND	1	14,483	0	0
SANDISK CORP	NOTE 1.500% 8/1	80004CAD3	341	250,000	PRN		DFND	1	250,000	0	0
SCHLUMBERGER LTD	COM	806857108	4,172	50,000	SH	Put	DFND		50,000	0	0
SCHLUMBERGER LTD	COM	806857108	2,086	25,000	SH		DFND		25,000	0	0
SCIENTIFIC GAMES CORP	CL A	80874P109	7,015	670,000	SH	Call	DFND		670,000	0	0
SCIENTIFIC GAMES CORP	CL A	80874P109	1,334	127,458	SH		DFND		127,458	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	15,824	210,000	SH	Put	DFND	1	210,000	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	3,879	50,000	SH	Call	DFND		50,000	0	0
SELECT SECTOR SPDR TR	SBI INT-ENERGY	81369Y506	3,879	50,000	SH	Put	DFND		50,000	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	1,216	50,432	SH		DFND	1	50,432	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	844	35,000	SH	Put	DFND	1	35,000	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	4,436	183,994	SH		DFND		183,994	0	0
SELECT SECTOR SPDR TR	SBI INT-FINL	81369Y605	4,822	200,000	SH	Put	DFND		200,000	0	0
SOUTHWESTERN ENERGY CO	DEP SHS 1/20 B	845467208	559	11,100	SH		DFND	1	11,100	0	0
SOUTHWESTERN ENERGY CO	DEP SHS 1/20 B	845467208	6,368	126,384	SH		DFND		126,384	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	455	4,000	SH	Call	DFND	1	4,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	3	13	SH		DFND	1	13	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	57,388	278,000	SH	Put	DFND	1	278,000	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	1,386	5,000	SH	Call	DFND	1	5,000	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	1,386	5,000	SH	Put	DFND	1	5,000	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	83,172	300,000	SH	Call	DFND		300,000	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	1,248	4,500	SH		DFND		4,500	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	166,344	600,000	SH	Put	DFND		600,000	0	0
SPDR SERIES TRUST	S&P HOMEBUILD	78464A888	369	10,000	SH	Call	DFND	1	10,000	0	0
SPDR SERIES TRUST	S&P HOMEBUILD	78464A888	10,321	280,000	SH	Put	DFND	1	280,000	0	0
SPDR SERIES TRUST	S&P METALS MNG	78464A755	1,360	50,000	SH	Call	DFND		50,000	0	0
SPDR SERIES TRUST	S&P REGL BKG	78464A698	2,327	57,000	SH		DFND	1	57,000	0	0
SUNCOKE ENERGY INC	COM	86722A103	26,221	1,755,105	SH		DFND	1	1,755,105	0	0
SUNEDISON INC	COM	86732Y109	86	3,600	SH	Put	DFND	1	3,600	0	0
SUNEDISON INC	COM	86732Y109	9,538	397,400	SH	Put	DFND		397,400	0	0
TAKE-TWO INTERACTIVE SOFTWAR	NOTE 1.750%12/0	874054AC3	352	250,000	PRN		DFND	1	250,000	0	0
TESLA MTRS INC	NOTE 1.500% 6/0	88160RAA9	321	200,000	PRN		DFND	1	200,000	0	0
TIMKEN CO	COM	887389104	1,809	42,917	SH		DFND	1	42,917	0	0
TOLL BROS FIN CORP	NOTE 0.500% 9/1	88947EAM2	422	400,000	PRN		DFND	1	400,000	0	0
TOLL BROS FIN CORP	NOTE 0.500% 9/1	88947EAM2	1,297	1,230,000	PRN		DFND		1,230,000	0	0
TOLL BROTHERS INC	COM	889478103	315	8,000	SH	Put	DFND	1	8,000	0	0
TOLL BROTHERS INC	COM	889478103	3,619	92,000	SH	Put	DFND		92,000	0	0
TYSON FOODS INC	CL A	902494103	1,724	45,000	SH	Put	DFND		45,000	0	0
TYSON FOODS INC	UNIT 99/99/9999	902494301	371	7,658	SH		DFND	1	7,658	0	0
TYSON FOODS INC	UNIT 99/99/9999	902494301	8,540	176,286	SH		DFND		176,286	0	0
UBS AG LONDON BRH	ETRACS MTH 2XLV	90270L842	77	3,500	SH		DFND	1	3,500	0	0
UBS AG LONDON BRH	ETRACS MTH 2XLV	90270L842	2,115	95,900	SH		DFND		95,900	0	0
UNILEVER PLC	SPON ADR NEW	904767704	333	7,982	SH		DFND	1	7,982	0	0
UNILEVER PLC	SPON ADR NEW	904767704	209	5,000	SH	Call	DFND	1	5,000	0	0
UNILEVER PLC	SPON ADR NEW	904767704	30,105	721,769	SH		DFND		721,769	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	14,987	154,600	SH	Call	DFND		154,600	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	3,878	40,000	SH	Put	DFND		40,000	0	0
UNITED STATES STL CORP NEW	COM	912909108	9,433	386,600	SH	Put	DFND		386,600	0	0
UNITED STATES STL CORP NEW	COM	912909108	479	19,621	SH		DFND		19,621	0	0
UNITED STS BRENT OIL FD LP	UNIT	91167Q100	1,201	58,600	SH	Call	DFND	1	58,600	0	0
UNITED STS BRENT OIL FD LP	UNIT	91167Q100	353	17,220	SH		DFND	1	17,220	0	0
UNITED STS BRENT OIL FD LP	UNIT	91167Q100	943	46,000	SH	Put	DFND	1	46,000	0	0
UNITED STS BRENT OIL FD LP	UNIT	91167Q100	4,100	200,000	SH	Call	DFND		200,000	0	0
UNITED STS BRENT OIL FD LP	UNIT	91167Q100	1,648	80,400	SH		DFND		80,400	0	0
UNITED STS BRENT OIL FD LP	UNIT	91167Q100	4,100	200,000	SH	Put	DFND		200,000	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	327	2,793	SH		DFND		2,793	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	1,858	29,200	SH	Call	DFND		29,200	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	5,039	79,200	SH	Put	DFND		79,200	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	253	2,378	SH		DFND	1	2,378	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	89	834	SH		DFND		834	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	5,836	120,000	SH	Call	DFND		120,000	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	1,945	40,000	SH	Put	DFND		40,000	0	0
VIACOM INC NEW	CL A	92553P102	95	1,386	SH		DFND	1	1,386	0	0
VIACOM INC NEW	CL A	92553P102	27,811	404,697	SH		DFND		404,697	0	0
VIACOM INC NEW	CL B	92553P201	191	2,800	SH	Put	DFND	1	2,800	0	0
VIACOM INC NEW	CL B	92553P201	68	1,000	SH		DFND	1	1,000	0	0
WESTERN DIGITAL CORP	COM	958102105	16,481	181,088	SH		DFND	1	181,088	0	0
WHITING PETE CORP NEW	COM	966387102	18,911	612,000	SH		DFND	1	612,000	0	0
WILLIAMS COS INC DEL	COM	969457100	5,059	100,000	SH	Call	DFND		100,000	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	44	1,930	SH		DFND	1	1,930	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	1,756	77,000	SH	Put	DFND	1	77,000	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	182	8,000	SH		DFND		8,000	0	0
WISDOMTREE TR	INDIA ERNGS FD	97717W422	16,744	734,400	SH	Put	DFND		734,400	0	0
WISDOMTREE TR	JAPN HEDGE EQT	97717W851	204	3,704	SH		DFND	1	3,704	0	0
YAHOO INC	COM	984332106	46,680	1,050,529	SH		DFND	1	1,050,529	0	0
YAHOO INC	COM	984332106	19,351	435,500	SH	Call	DFND		435,500	0	0
YAHOO INC	COM	984332106	2,222	50,000	SH	Put	DFND		50,000	0	0
YUM BRANDS INC	COM	988498101	20,861	265,000	SH	Call	DFND	1	265,000	0	0
YUM BRANDS INC	COM	988498101	58,864	747,759	SH		DFND	1	747,759	0	0
YUM BRANDS INC	COM	988498101	3,936	50,000	SH	Put	DFND		50,000	0	0
ZIONS BANCORPORATION	*W EXP 05/22/202	989701115	62	16,135	SH		DFND	1	16,135	0	0
ZIONS BANCORPORATION	*W EXP 05/22/202	989701115	3,079	802,259	SH		DFND		802,259	0	0
ZIONS BANCORPORATION	COM	989701107	81	3,000	SH	Call	DFND	1	3,000	0	0
ZIONS BANCORPORATION	COM	989701107	270	10,000	SH	Put	DFND	1	10,000	0	0
ZIONS BANCORPORATION	COM	989701107	101	3,744	SH		DFND	1	3,744	0	0
ZIONS BANCORPORATION	COM	989701107	9,545	353,500	SH	Call	DFND		353,500	0	0
ZIONS BANCORPORATION	COM	989701107	5,427	201,000	SH	Put	DFND		201,000	0	0