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
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
ADIENT PLC ORD SHS G0084W101 956 63,500 SH Call SOLE   63,500 0 0
ADIENT PLC ORD SHS G0084W101 1,370 91,000 SH   SOLE   91,000 0 0
ADVANCED MICRO DEVICES INC COM 007903107 11,538 625,000 SH Put DFND 1 625,000 0 0
ADVANCED MICRO DEVICES INC COM 007903107 11,538 625,000 SH   DFND 1 625,000 0 0
ADVANCED MICRO DEVICES INC COM 007903107 369 20,000 SH Put SOLE   20,000 0 0
ADVANCED MICRO DEVICES INC COM 007903107 369 20,000 SH   SOLE   20,000 0 0
ALCOA CORP COM 013872106 6,861 258,125 SH   SOLE   258,125 0 0
ALCOA CORP COM 013872106 13,968 525,500 SH   DFND 1 525,500 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 11,647 535,000 SH   DFND 1 535,000 0 0
ALLEGHENY TECHNOLOGIES INC NOTE 4.750% 7/0 01741RAG7 12,428 7,500,000 PRN   DFND 1 7,500,000 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 925 42,500 SH   SOLE   42,500 0 0
ARCONIC INC COM 03965L100 8,118 481,500 SH   SOLE   481,500 0 0
ASCENT CAP GROUP INC COM SER A 043632108 67 173,000 SH   SOLE   173,000 0 0
ASCENT CAP GROUP INC COM SER A 043632108 66 170,000 SH   DFND 1 170,000 0 0
ASSURED GUARANTY LTD COM G0585R106 11,484 300,000 SH   DFND 1 300,000 0 0
ASSURED GUARANTY LTD COM G0585R106 544 14,200 SH   SOLE   14,200 0 0
BERRY GLOBAL GROUP INC COM 08579W103 11,883 250,000 SH   DFND 1 250,000 0 0
BERRY GLOBAL GROUP INC COM 08579W103 903 19,000 SH   SOLE   19,000 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 3,994 193,204 SH   SOLE   193,204 0 0
BONANZA CREEK ENERGY INC COM NEW 097793400 8,785 425,000 SH   DFND 4 425,000 0 0
CALIFORNIA RES CORP COM NEW 13057Q206 1,853 108,724 SH   SOLE   108,724 0 0
CALIFORNIA RES CORP COM NEW 13057Q206 4,051 237,710 SH   DFND 4 237,710 0 0
CHENIERE ENERGY INC COM NEW 16411R208 12,617 213,160 SH   DFND 4 213,160 0 0
CHENIERE ENERGY INC COM NEW 16411R208 9,538 161,140 SH   SOLE   161,140 0 0
CONSTELLIUM NV CL A N22035104 11,684 1,671,500 SH   DFND 1 1,671,500 0 0
CONTINENTAL RESOURCES INC COM 212015101 482 12,000 SH Put SOLE   12,000 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 7,685 711,528 SH   DFND 1 711,528 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 14,837 1,373,820 SH   SOLE   1,373,820 0 0
CUMULUS MEDIA INC COM CLASS A 231082801 2,290 212,011 SH   DFND 2 212,011 0 0
DELL TECHNOLOGIES INC CL C 24703L202 2,946 60,289 SH   SOLE   60,289 0 0
DELL TECHNOLOGIES INC CL C 24703L202 8,107 165,894 SH   DFND 1 165,894 0 0
DIEBOLD NXDF INC COM 253651103 1,868 750,000 SH   DFND 1 750,000 0 0
DIEBOLD NXDF INC COM 253651103 352 141,200 SH   SOLE   141,200 0 0
DONNELLEY R R & SONS CO COM 257867200 1,841 465,000 SH   DFND 1 465,000 0 0
DONNELLEY R R & SONS CO COM 257867200 5,019 1,267,364 SH   SOLE   1,267,364 0 0
ENSCO PLC SHS CLASS A G3157S106 1,923 540,143 SH   SOLE   540,143 0 0
ENSCO PLC SHS CLASS A G3157S106 4,233 1,188,970 SH   DFND 4 1,188,970 0 0
FERRO CORP COM 315405100 15,165 967,125 SH   DFND 1 967,125 0 0
FORESIGHT ENERGY LP COM UNT RP INT 34552U104 160 45,607 SH   SOLE   45,607 0 0
FORTERRA INC COM 34960W106 7,791 2,072,000 SH   DFND 1 2,072,000 0 0
FRONTIER COMMUNICATIONS CORP COM NEW 35906A306 2,380 1,000,000 SH   DFND 1 1,000,000 0 0
HALCON RES CORP COM PAR NEW 40537Q605 6,800 4,000,000 SH   DFND 4 4,000,000 0 0
HALCON RES CORP COM PAR NEW 40537Q605 3,091 1,818,385 SH   SOLE   1,818,385 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 46,617 302,200 SH Call DFND 1 302,200 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 4,288 27,800 SH Call SOLE   27,800 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 1,347 103,175 SH   SOLE   103,175 0 0
IRSA PROPIEDADES COMERCIALES SPONSORED ADR 463588103 412 22,860 SH   SOLE   22,860 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 5,356 40,000 SH Call SOLE   40,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 3,244 40,000 SH   SOLE   40,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 489 12,500 SH Call SOLE   12,500 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 190,808 1,425,000 SH Put DFND 1 1,425,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 38,162 285,000 SH Call DFND 1 285,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 10,043 75,000 SH Put SOLE   75,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 191,396 2,360,000 SH Put SOLE   2,360,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 1,025,104 12,640,000 SH Put DFND 1 12,640,000 0 0
KRANESHARES TR CSI CHI INTERNET 500767306 1,406 37,500 SH Call SOLE   37,500 0 0
LIBBEY INC COM 529898108 466 120,000 SH   SOLE   120,000 0 0
LIBBEY INC COM 529898108 8,885 2,290,000 SH   DFND 1 2,290,000 0 0
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 3,268 4,945,000 PRN   DFND 2 4,945,000 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 11,932 18,010,000 PRN   DFND 2 18,010,000 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 69,205 104,460,000 PRN   SOLE   104,460,000 0 0
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 25,083 37,953,000 PRN   SOLE   37,953,000 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 10,776 16,265,000 PRN   DFND 1 16,265,000 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 1,070 172,229 SH   SOLE   172,229 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 21,460 3,455,706 SH   DFND 1 3,455,706 0 0
MAGNACHIP SEMICONDUCTOR SA NOTE 5.000% 3/0 55932XAB0 1,147 1,100,000 PRN   DFND 2 1,100,000 0 0
MAGNACHIP SEMICONDUCTOR SA NOTE 5.000% 3/0 55932XAB0 14,856 14,250,000 PRN   DFND 1 14,250,000 0 0
MAGNACHIP SEMICONDUCTOR SA NOTE 5.000% 3/0 55932XAB0 7,350 7,050,000 PRN   SOLE   7,050,000 0 0
MARATHON PETE CORP COM 56585A102 5,163 87,502 SH   SOLE   87,502 0 0
MARATHON PETE CORP COM 56585A102 11,359 192,498 SH   DFND 4 192,498 0 0
MGIC INVT CORP WIS COM 552848103 6,694 640,000 SH   DFND 1 640,000 0 0
MGIC INVT CORP WIS COM 552848103 361 34,500 SH   SOLE   34,500 0 0
NEWELL BRANDS INC COM 651229106 1,376 74,000 SH Call SOLE   74,000 0 0
NEWELL BRANDS INC COM 651229106 8,737 470,000 SH Call DFND 1 470,000 0 0
NOBLE CORP PLC SHS USD G65431101 3,170 1,210,000 SH   DFND 4 1,210,000 0 0
NOBLE CORP PLC SHS USD G65431101 1,457 556,000 SH   SOLE   556,000 0 0
NRG ENERGY INC COM NEW 629377508 22,968 580,000 SH   DFND 1 580,000 0 0
NRG ENERGY INC COM NEW 629377508 1,010 25,500 SH   SOLE   25,500 0 0
PEABODY ENERGY CORP NEW COM 704551100 17,078 560,303 SH   DFND 1 560,303 0 0
PEABODY ENERGY CORP NEW COM 704551100 8,543 280,271 SH   SOLE   280,271 0 0
PLATFORM SPECIALTY PRODS COR COM 72766Q105 7,911 765,800 SH   SOLE   765,800 0 0
RADIAN GROUP INC COM 750236101 376 23,000 SH   SOLE   23,000 0 0
RADIAN GROUP INC COM 750236101 8,016 490,000 SH   DFND 1 490,000 0 0
RANGE RES CORP COM 75281A109 2,751 287,500 SH   SOLE   287,500 0 0
RANGE RES CORP COM 75281A109 5,742 600,000 SH   DFND 4 600,000 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 6,229 742,426 SH   DFND 4 742,426 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 4,293 511,715 SH   SOLE   511,715 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 7,803 930,000 SH   DFND 1 930,000 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 755 99,155 SH   SOLE   99,155 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 191 25,161 SH   DFND 2 25,161 0 0
SANOFI RIGHT 12/31/2020 80105N113 1,161 2,419,736 SH   SOLE   2,419,736 0 0
SANOFI RIGHT 12/31/2020 80105N113 4,727 9,848,889 SH   DFND 1 9,848,889 0 0
SCIENTIFIC GAMES CORP COM 80874P109 313 17,500 SH   SOLE   17,500 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 715 30,000 SH Call SOLE   30,000 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 13,443 510,350 SH   DFND 1 510,350 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 42,438 350,000 SH Call SOLE   350,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 178,068 712,500 SH Call DFND 1 712,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 193,688 775,000 SH Put SOLE   775,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 9,372 37,500 SH Call SOLE   37,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 10,497 42,000 SH   SOLE   42,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 206,934 7,800,000 SH Put DFND 1 7,800,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 13,265 500,000 SH Put DFND 4 500,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 11,673 440,000 SH Put SOLE   440,000 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 80,927 3,090,000 SH Put DFND 1 3,090,000 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 1,571 60,000 SH Put SOLE   60,000 0 0
STANDARD DIVERSIFIED INC COM CL A 85336L109 149 10,000 SH   SOLE   10,000 0 0
TARGA RES CORP COM 87612G101 1,970 54,683 SH   SOLE   54,683 0 0
TARGA RES CORP COM 87612G101 4,334 120,312 SH   DFND 4 120,312 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 679 39,600 SH   SOLE   39,600 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 13,661 797,000 SH   DFND 1 797,000 0 0
TRECORA RES COM 894648104 5,390 691,013 SH   SOLE   691,013 0 0
TRECORA RES COM 894648104 477 61,131 SH   DFND 1 61,131 0 0
TURNING PT BRANDS INC COM 90041L105 833 30,591 SH   SOLE   30,591 0 0
ULTRA PETROLEUM CORP COM NEW 903914208 73 96,018 SH   SOLE   96,018 0 0
URBAN ONE INC CL D NON VTG 91705J204 6,349 3,943,221 SH   DFND 1 3,943,221 0 0
VISTRA ENERGY CORP COM 92840M102 9,945 434,485 SH   DFND 4 434,485 0 0
VISTRA ENERGY CORP *W EXP 02/02/202 92840M128 41 29,389 SH   SOLE   29,389 0 0
VISTRA ENERGY CORP COM 92840M102 52,314 2,285,439 SH   SOLE   2,285,439 0 0
VISTRA ENERGY CORP COM 92840M102 9,767 426,702 SH   DFND 2 426,702 0 0
VISTRA ENERGY CORP COM 92840M102 29,288 1,279,500 SH   DFND 1 1,279,500 0 0
WINDSTREAM HLDGS INC COM PAR 97382A309 105 50,000 SH   SOLE   50,000 0 0
WINDSTREAM HLDGS INC COM PAR 97382A309 3,496 1,672,819 SH   DFND 1 1,672,819 0 0
WYNN RESORTS LTD COM 983134107 3,956 40,000 SH   DFND 1 40,000 0 0