Instuitional Investor - Marathon Trading Investment Management Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Microstrategy Inc	MSTR	421,267	$122,007,349	6.76%
2.	Microstrategy IncPUT	MSTR	392,800	$113,762,736	6.3%
3.	Spdr S & P 500 Etf TrustPUT	SPY	159,100	$93,245,328	5.16%
4.	Microsoft CorpPUT	MSFT	201,300	$84,847,950	4.7%
5.	Microsoft Corp	MSFT	200,036	$84,315,174	4.67%