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
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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
AMERICAN AIRLINES GROUP INC COM 02376R102 4,081,200 380,000 SH Call SOLE NONE 380,000 0 0
BARRICK MNG CORP COM SHS 06849F108 7,954,050 195,000 SH Call SOLE NONE 195,000 0 0
CAE INC COM 124765108 9,119,718 350,000 SH Call SOLE NONE 350,000 0 0
DAUCH CORP COM 024061103 21,140,711 3,565,044 SH SOLE NONE 3,565,044 0 0
DAUCH CORP COM 024061103 20,458,500 3,450,000 SH Call SOLE NONE 3,450,000 0 0
DELEK US HLDGS INC NEW COM 24665A103 9,854,916 218,658 SH SOLE NONE 218,658 0 0
FLUOR CORP COM 343412102 6,997,500 150,000 SH Call SOLE NONE 150,000 0 0
FRANKLIN STR PPTYS CORP COM 35471R106 4,391,334 6,608,478 SH SOLE NONE 6,608,478 0 0
FREEPORT MCMORAN INC CL B 35671D857 8,817,000 150,000 SH Call SOLE NONE 150,000 0 0
GLOBAL PMTS INC NOTE 1.500% 3/0 37940XAU6 8,830,511 10,000,000 PRN SOLE NONE 10,000,000 0 0
INTEL CORP COM 458140100 6,178,200 140,000 SH Call SOLE NONE 140,000 0 0
ISHARES TR US HOME CONS ETF 464288752 9,055,000 100,000 SH Call SOLE NONE 100,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 59,520,000 240,000 SH Put SOLE NONE 240,000 0 0
KIMBERLY-CLARK CORP COM 494368103 11,576,400 120,000 SH Call SOLE NONE 120,000 0 0
KOSMOS ENERGY LTD NOTE 3.125% 3/1 500688AH9 22,273,127 28,300,000 PRN SOLE NONE 28,300,000 0 0
LKQ CORP COM 501889208 5,874,000 200,000 SH Call SOLE NONE 200,000 0 0
MOODYS CORP COM 615369105 8,725,000 20,000 SH Put SOLE NONE 20,000 0 0
NEWMONT CORP COM 651639106 10,825,000 100,000 SH Call SOLE NONE 100,000 0 0
O-I GLASS INC COM 67098H104 2,364,750 225,000 SH SOLE NONE 225,000 0 0
ON SEMICONDUCTOR CORP NOTE 0.500% 3/0 682189AU9 14,700,000 15,000,000 PRN SOLE NONE 15,000,000 0 0
PG&E CORP NOTE 4.250%12/0 69331CAL2 25,905,644 25,000,000 PRN SOLE NONE 25,000,000 0 0
ROCKET LAB CORP COM 773121108 3,853,200 60,000 SH Put SOLE NONE 60,000 0 0
SHIFT4 PMTS INC NOTE 0.500% 8/0 82452JAD1 20,236,875 21,500,000 PRN SOLE NONE 21,500,000 0 0
SHIFT4 PMTS INC CL A 82452J109 5,466,250 125,000 SH Call SOLE NONE 125,000 0 0
SIBANYE STILLWATER LTD SPONSORED ADR 82575P107 4,928,000 400,000 SH Call SOLE NONE 400,000 0 0
SINCLAIR INC CL A 829242106 13,748,129 1,062,452 SH SOLE NONE 1,062,452 0 0
SPDR GOLD TR GOLD SHS 78463V107 32,271,750 75,000 SH Call SOLE NONE 75,000 0 0
STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103 162,585,000 250,000 SH Put SOLE NONE 250,000 0 0
TRIPADVISOR INC COM 896945201 11,459,500 1,075,000 SH SOLE NONE 1,075,000 0 0
TRONOX HOLDINGS PLC SHS G9087Q102 1,954,000 200,000 SH SOLE NONE 200,000 0 0
VALE S A SPONSORED ADS 91912E105 19,092,000 1,200,000 SH Call SOLE NONE 1,200,000 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 13,077,225 142,500 SH Call SOLE NONE 142,500 0 0
VIATRIS INC COM 92556V106 4,458,300 330,000 SH Call SOLE NONE 330,000 0 0
XEROX HOLDINGS CORP NOTE 3.750% 3/1 98421MAE6 5,891,580 21,300,000 PRN SOLE NONE 21,300,000 0 0
XEROX HOLDINGS CORP *W EXP 02/11/202 98421M114 46,254 511,097 SH SOLE NONE 511,097 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 8,781,800 190,000 SH Put SOLE NONE 190,000 0 0