# EDGAR Filing Document

**Accession Number:** 0001535943
**File Stem:** 0001535943-25-000011
**Filing Date:** 2025-8
**Character Count:** 19315
**Document Hash:** 72cf292a47b57d5a28714a9006d2eec1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001535943-25-000011.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001535943-25-000011

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alphadyne Asset Management LP
- **CENTRAL INDEX KEY:** 0001535943

**ORGANIZATION NAME:**
- **EIN:** 571220818
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16342
- **FILM NUMBER:** 251215025

**BUSINESS ADDRESS:**
- **STREET 1:** 17 STATE STREET, 30TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004
- **BUSINESS PHONE:** 212 806 3700

**MAIL ADDRESS:**
- **STREET 1:** 17 STATE STREET, 30TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Alphadyne Asset Management, LLC
- **DATE OF NAME CHANGE:** 20111130

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Alphadyne Asset Management LP<br>**Address:** 17 STATE STREET 30TH FLOOR<br>NEW YORK, NY 10004

**Form 13F File Number:** 028-16342

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ajay Mehra<br>**Title:** Chief Compliance Officer<br>**Phone:** 212-806-3790

**Signature, Place, and Date of Signing:**

Ajay Mehra  New York, NY  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 166

**Form 13F Information Table Value Total:** $549232181

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| APPLE INC | COM | 037833100 |  | 902748 | 4400 | SH | Call | SOLE |  | 0 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 820680 | 4000 | SH | Put | SOLE |  | 4000 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 1818336 | 4700 | SH | Call | SOLE |  | 0 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 1083264 | 2800 | SH | Put | SOLE |  | 2800 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 102702 | 561 | SH |  | SOLE |  | 561 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 256298 | 1400 | SH | Call | SOLE |  | 0 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 421061 | 2300 | SH | Put | SOLE |  | 2300 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 82444 | 581 | SH |  | SOLE |  | 581 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 269610 | 1900 | SH | Call | SOLE |  | 0 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 865590 | 6100 | SH | Put | SOLE |  | 6100 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 132904 | 476 | SH |  | SOLE |  | 476 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 83763 | 300 | SH | Call | SOLE |  | 0 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 223368 | 800 | SH | Put | SOLE |  | 800 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1360218 | 6200 | SH | Call | SOLE |  | 0 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 680109 | 3100 | SH | Put | SOLE |  | 3100 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 630144 | 1800 | SH | Call | SOLE |  | 0 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 525120 | 1500 | SH | Put | SOLE |  | 1500 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 1957115 | 7100 | SH | Call | SOLE |  | 0 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 964775 | 3500 | SH | Put | SOLE |  | 3500 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 478470 | 1500 | SH | Call | SOLE |  | 0 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 829348 | 2600 | SH | Put | SOLE |  | 2600 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 2486741 | 21927 | SH |  | SOLE |  | 21927 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 4411649 | 38900 | SH | Put | SOLE |  | 38900 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 396935 | 3500 | SH | Call | SOLE |  | 0 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 402220 | 8500 | SH | Put | SOLE |  | 8500 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 861224 | 18200 | SH | Call | SOLE |  | 0 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 314775 | 300 | SH | Call | SOLE |  | 0 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 419700 | 400 | SH | Put | SOLE |  | 400 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 7745920 | 91000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 99382 | 256 | SH |  | SOLE |  | 256 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 271747 | 700 | SH | Call | SOLE |  | 0 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 504673 | 1300 | SH | Put | SOLE |  | 1300 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 244007 | 756 | SH |  | SOLE |  | 756 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 161380 | 500 | SH | Call | SOLE |  | 0 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 645520 | 2000 | SH | Put | SOLE |  | 2000 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 212420 | 4579 | SH |  | SOLE |  | 4579 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 125253 | 2700 | SH | Call | SOLE |  | 0 | 0 | 0 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 556680 | 12000 | SH | Put | SOLE |  | 12000 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 224969 | 825 | SH |  | SOLE |  | 825 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 136345 | 500 | SH | Call | SOLE |  | 0 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 654456 | 2400 | SH | Put | SOLE |  | 2400 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 370656 | 1100 | SH | Call | SOLE |  | 0 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 438048 | 1300 | SH | Put | SOLE |  | 1300 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 298594 | 2897 | SH |  | SOLE |  | 2897 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 123684 | 1200 | SH | Call | SOLE |  | 0 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 669955 | 6500 | SH | Put | SOLE |  | 6500 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 694456 | 5600 | SH | Call | SOLE |  | 0 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 669654 | 5400 | SH | Put | SOLE |  | 5400 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 831936 | 8400 | SH | Call | SOLE |  | 0 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 267408 | 2700 | SH | Put | SOLE |  | 2700 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 1234944 | 25600 | SH | Call | SOLE |  | 0 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 235266 | 1035 | SH |  | SOLE |  | 1035 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 227310 | 1000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 727392 | 3200 | SH | Put | SOLE |  | 3200 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 4159173 | 113144 | SH |  | SOLE |  | 113144 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 36385048 | 989800 | SH | Put | SOLE |  | 989800 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 22906400 | 440000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 687895 | 1300 | SH | Call | SOLE |  | 0 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 211660 | 400 | SH | Put | SOLE |  | 400 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 7384202 | 24224 | SH |  | SOLE |  | 24224 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 22953699 | 75300 | SH | Call | SOLE |  | 0 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 314797941 | 1032700 | SH | Put | SOLE |  | 1032700 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 407997 | 2300 | SH | Call | SOLE |  | 0 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 532170 | 3000 | SH | Put | SOLE |  | 3000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 81066 | 460 | SH |  | SOLE |  | 460 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 370083 | 2100 | SH | Call | SOLE |  | 0 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 757789 | 4300 | SH | Put | SOLE |  | 4300 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 353875 | 500 | SH | Call | SOLE |  | 0 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 495425 | 700 | SH | Put | SOLE |  | 700 | 0 | 0 |
| ROBINHOOD MKTS INC | COM CL A | 770700102 |  | 3745200 | 40000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1768680 | 6000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 294780 | 1000 | SH | Put | SOLE |  | 1000 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 459200 | 20500 | SH | Call | SOLE |  | 0 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 497280 | 22200 | SH | Put | SOLE |  | 22200 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 815115 | 1500 | SH | Call | SOLE |  | 0 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 1141161 | 2100 | SH | Put | SOLE |  | 2100 | 0 | 0 |
| ISHARES TR | US HOME CONS ETF | 464288752 |  | 941017 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| ISHARES TR | US HOME CONS ETF | 464288752 |  | 158389 | 1700 | SH | Call | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1037087 | 4806 | SH |  | SOLE |  | 4806 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1739460 | 6000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 376883 | 1300 | SH | Put | SOLE |  | 1300 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 398340 | 511 | SH |  | SOLE |  | 511 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 623624 | 800 | SH | Call | SOLE |  | 0 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 1325201 | 1700 | SH | Put | SOLE |  | 1700 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 249160 | 1123 | SH |  | SOLE |  | 1123 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 177496 | 800 | SH | Call | SOLE |  | 0 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 798732 | 3600 | SH | Put | SOLE |  | 3600 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 77133 | 264 | SH |  | SOLE |  | 264 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 29217 | 100 | SH | Call | SOLE |  | 0 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 233736 | 800 | SH | Put | SOLE |  | 800 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2509506 | 3400 | SH | Call | SOLE |  | 0 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2361888 | 3200 | SH | Put | SOLE |  | 3200 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 57851 | 380 | SH |  | SOLE |  | 380 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 380600 | 2500 | SH | Call | SOLE |  | 0 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 730752 | 4800 | SH | Put | SOLE |  | 4800 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1488208 | 18800 | SH | Call | SOLE |  | 0 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1226980 | 15500 | SH | Put | SOLE |  | 15500 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 248454 | 3210 | SH |  | SOLE |  | 3210 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 294120 | 3800 | SH | Call | SOLE |  | 0 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 843660 | 10900 | SH | Put | SOLE |  | 10900 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 2197416 | 15600 | SH | Call | SOLE |  | 0 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 1295912 | 9200 | SH | Put | SOLE |  | 9200 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1492230 | 3000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 298446 | 600 | SH | Put | SOLE |  | 600 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 20706 | 168 | SH |  | SOLE |  | 168 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 899725 | 7300 | SH | Call | SOLE |  | 0 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 776475 | 6300 | SH | Put | SOLE |  | 6300 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 96246 | 1652 | SH |  | SOLE |  | 1652 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 471906 | 8100 | SH | Call | SOLE |  | 0 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 693294 | 11900 | SH | Put | SOLE |  | 11900 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 251837 | 1286 | SH |  | SOLE |  | 1286 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 117498 | 600 | SH | Call | SOLE |  | 0 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 685405 | 3500 | SH | Put | SOLE |  | 3500 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 1071304 | 800 | SH | Call | SOLE |  | 0 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 937391 | 700 | SH | Put | SOLE |  | 700 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 738816 | 10400 | SH | Call | SOLE |  | 0 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 1271616 | 17900 | SH | Put | SOLE |  | 17900 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 2570200 | 2500 | SH | Call | SOLE |  | 0 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 2056160 | 2000 | SH | Put | SOLE |  | 2000 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1485106 | 9400 | SH | Call | SOLE |  | 0 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1295518 | 8200 | SH | Put | SOLE |  | 8200 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1180602 | 5400 | SH | Call | SOLE |  | 0 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 1049424 | 4800 | SH | Put | SOLE |  | 4800 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 245858 | 1862 | SH |  | SOLE |  | 1862 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 316896 | 2400 | SH | Call | SOLE |  | 0 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 897872 | 6800 | SH | Put | SOLE |  | 6800 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 135938 | 5608 | SH |  | SOLE |  | 5608 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 33936 | 1400 | SH | Call | SOLE |  | 0 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 293304 | 12100 | SH | Put | SOLE |  | 12100 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 20721 | 152 | SH |  | SOLE |  | 152 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 518016 | 3800 | SH | Call | SOLE |  | 0 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 627072 | 4600 | SH | Put | SOLE |  | 4600 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 456919 | 6148 | SH |  | SOLE |  | 6148 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 423624 | 5700 | SH | Call | SOLE |  | 0 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1263440 | 17000 | SH | Put | SOLE |  | 17000 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 637040 | 4000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 621114 | 3900 | SH | Put | SOLE |  | 3900 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 12431759 | 22536 | SH |  | SOLE |  | 22536 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 410280 | 3900 | SH | Call | SOLE |  | 0 | 0 | 0 |
| ROBLOX CORP | CL A | 771049103 |  | 284040 | 2700 | SH | Put | SOLE |  | 2700 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 131123 | 1431 | SH |  | SOLE |  | 1431 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 1200353 | 13100 | SH | Call | SOLE |  | 0 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 1154538 | 12600 | SH | Put | SOLE |  | 12600 | 0 | 0 |
| TEMPUS AI INC | CL A | 88023B103 |  | 170732 | 2687 | SH |  | SOLE |  | 2687 | 0 | 0 |
| TEMPUS AI INC | CL A | 88023B103 |  | 12708 | 200 | SH | Call | SOLE |  | 0 | 0 | 0 |
| TEMPUS AI INC | CL A | 88023B103 |  | 349470 | 5500 | SH | Put | SOLE |  | 5500 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 1657320 | 16800 | SH | Call | SOLE |  | 0 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 769470 | 7800 | SH | Put | SOLE |  | 7800 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 770374 | 1900 | SH | Call | SOLE |  | 0 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 689282 | 1700 | SH | Put | SOLE |  | 1700 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 153846 | 741 | SH |  | SOLE |  | 741 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 456764 | 2200 | SH | Put | SOLE |  | 2200 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 1382878 | 13700 | SH | Call | SOLE |  | 0 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 181692 | 1800 | SH | Put | SOLE |  | 1800 | 0 | 0 |
| SPROTT FDS TR | URANIUM MINERS E | 85208P303 |  | 3355100 | 70000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 73454 | 379 | SH |  | SOLE |  | 379 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 465144 | 2400 | SH | Call | SOLE |  | 0 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 697716 | 3600 | SH | Put | SOLE |  | 3600 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1466196 | 18300 | SH | Call | SOLE |  | 0 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 1482220 | 18500 | SH | Put | SOLE |  | 18500 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 785550 | 15000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 6124500 | 75000 | SH | Put | SOLE |  | 75000 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 452760 | 4200 | SH | Call | SOLE |  | 0 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 226380 | 2100 | SH | Put | SOLE |  | 2100 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 565092 | 1800 | SH | Call | SOLE |  | 0 | 0 | 0 |
| ZSCALER INC | COM | 98980G102 |  | 219758 | 700 | SH | Put | SOLE |  | 700 | 0 | 0 |

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