Instuitional Investor - Capstone Investment Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Invesco Qqq TrPUTPUT		14,439,200	$5,913,141,128	17.79%
2.	Spdr S & P 500 Etf Trust	SPY	2,769,284	$1,316,268,392	3.96%
3.	Invesco Qqq TrCALLCALL		3,185,300	$1,304,444,056	3.92%
4.	Spdr S & P 500 Etf TrustPUT	SPY	2,010,000	$955,373,068	2.87%
5.	Apple Inc.PUT	AAPL	4,879,700	$939,488,639	2.82%