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
ADAM NAT RES FD INC COM 00548F105 833 49,700 SH Call DFND   49,700 0 0
ADAM NAT RES FD INC COM 00548F105 848 50,573 SH   DFND   50,573 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 476 15,000 SH Put DFND   15,000 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 1,077 82,200 SH Call DFND   82,200 0 0
ASA GOLD AND PRECIOUS MTLS L SHS G3156P103 1,626 158,672 SH   DFND   158,672 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 399 2,500 SH Put DFND   2,500 0 0
BARRICK GOLD CORPORATION COM 067901108 1,396 101,800 SH Call DFND   101,800 0 0
BLINK CHARGING CO *W EXP 01/31/202 09354A118 84 68,849 SH   DFND   68,849 0 0
BLINK CHARGING CO COM 09354A100 166 53,100 SH Put DFND   53,100 0 0
BLINK CHARGING CO COM 09354A100 44 14,000 SH   DFND   14,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 468 9,800 SH   DFND   9,800 0 0
CAESARS ENTMT CORP COM 127686103 279 32,100 SH Call DFND   32,100 0 0
CAESARS ENTMT CORP NOTE 5.000%10/0 127686AA1 0 82 PRN   DFND   82 0 0
CARNIVAL PLC ADR 14365C103 533 10,710 SH   DFND   10,710 0 0
CHESAPEAKE ENERGY CORP COM 165167107 69 22,330 SH   DFND   22,330 0 0
CHESAPEAKE ENERGY CORP NOTE 5.500% 9/1 165167CY1 2,075 2,233,000 PRN   DFND   2,233,000 0 0
CHIPOTLE MEXICAN GRILL INC COM 169656105 852 1,200 SH Put DFND   1,200 0 0
CLEVELAND CLIFFS INC DBCV 1.500% 1/1 185899AA9 667 489,000 PRN   DFND   489,000 0 0
COCA COLA CO COM 191216100 245 5,218 SH   DFND   5,218 0 0
CONSTELLIUM NV CL A N22035104 410 51,335 SH   DFND   51,335 0 0
CRESCENT ACQUISITION CORP UNIT 99/99/9999 22564L204 1,000 100,000 SH   DFND   100,000 0 0
CROWN HOLDINGS INC COM 228368106 1,636 29,980 SH   DFND   29,980 0 0
DEL TACO RESTAURANTS INC *W EXP 06/30/202 245496112 154 117,341 SH   DFND   117,341 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 762 14,750 SH   DFND   14,750 0 0
DISNEY WALT CO COM DISNEY 254687106 984 8,864 SH   DFND   8,864 0 0
DOMINION ENERGY INC COM 25746U109 3,365 43,900 SH Call DFND   43,900 0 0
ELECTRAMECCANICA VEHS CORP *W EXP 08/03/202 284849114 39 36,174 SH   DFND   36,174 0 0
EXACT SCIENCES CORP NOTE 0.375% 3/1 30063PAB1 2,050 2,000,000 PRN   DFND   2,000,000 0 0
FALCON MINERALS CORP *W EXP 07/21/202 30607B208 136 164,332 SH   DFND   164,332 0 0
FIRSTHAND TECH VALUE FD INC COM 33766Y100 354 26,700 SH Call DFND   26,700 0 0
FOX CORP CL B COM 35137L204 616 17,166 SH   DFND   17,166 0 0
FREEPORT-MCMORAN INC CL B 35671D857 387 30,000 SH   DFND   30,000 0 0
GTY TECHNOLOGY HOLDINGS INC *W EXP 02/19/202 362409112 94 156,126 SH   DFND   156,126 0 0
HERBALIFE LTD NOTE 2.625% 3/1 42703MAD5 2,284 2,157,000 PRN   DFND   2,157,000 0 0
HIGHLAND FLOATNG RATE OPPRT SHS BEN INT 43010E404 7,436 535,374 SH   DFND   535,374 0 0
HILTON GRAND VACATIONS INC COM 43283X105 603 19,530 SH   DFND   19,530 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 557 6,700 SH Put DFND   6,700 0 0
HOME DEPOT INC COM 437076102 247 1,288 SH   DFND   1,288 0 0
HOSTESS BRANDS INC *W EXP 11/04/202 44109J114 567 435,940 SH   DFND   435,940 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 1,787 137,580 SH   DFND   137,580 0 0
INTL PAPER CO COM 460146103 463 10,000 SH   DFND   10,000 0 0
INVESCO CURRENCYSHARES EURO EURO SHS 46138K103 8,786 82,100 SH Call DFND   82,100 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 386 35,530 SH   DFND   35,530 0 0
INVESCO EXCHNG TRADED FD TR SR LN ETF 46138G508 2,264 100,000 SH Put DFND   100,000 0 0
INVESCO EXCHNG TRADED FD TR SR LN ETF 46138G508 77 3,401 SH   DFND   3,401 0 0
INVESCO SR INCOME TR COM 46131H107 528 125,615 SH   DFND   125,615 0 0
IQIYI INC SPONSORED ADS 46267X108 1,332 55,700 SH Put DFND   55,700 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 708 16,000 SH Call DFND   16,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 6,375 144,000 SH Put DFND   144,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 1,556 18,000 SH Call DFND   18,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 218,518 2,527,100 SH Put DFND   2,527,100 0 0
ISHARES TR JPMORGAN USD EMG 464288281 44,024 400,000 SH Put DFND   400,000 0 0
ISHARES TR JPMORGAN USD EMG 464288281 93,390 848,533 SH   DFND   848,533 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 6,421 41,945 SH   DFND   41,945 0 0
J2 GLOBAL INC NOTE 3.250% 6/1 48123VAC6 2,384 1,779,000 PRN   DFND   1,779,000 0 0
JAZZ INVESTMENTS I LTD NOTE 1.500% 8/1 472145AD3 685 700,000 PRN   DFND   700,000 0 0
LOWES COS INC COM 548661107 635 5,800 SH Put DFND   5,800 0 0
MAGNOLIA OIL & GAS CORP *W EXP 07/31/202 559663117 2,010 592,926 SH   DFND   592,926 0 0
MARRIOTT VACTINS WORLDWID CO COM 57164Y107 1,689 18,060 SH   DFND   18,060 0 0
MFS INTER INCOME TR SH BEN INT 55273C107 380 100,117 SH   DFND   100,117 0 0
MICROSOFT CORP COM 594918104 418 3,540 SH   DFND   3,540 0 0
NIO INC SPON ADS 62914V106 907 177,800 SH Put DFND   177,800 0 0
NIO INC SPON ADS 62914V106 496 97,345 SH   DFND   97,345 0 0
NRC GROUP HLDGS CORP *W EXP 10/17/202 629375114 95 105,017 SH   DFND   105,017 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 394 50,930 SH   DFND   50,930 0 0
ONESPAWORLD HOLDINGS LIMITED COM P73684113 1,106 81,000 SH   DFND   81,000 0 0
OUTLOOK THERAPEUTICS INC *W EXP 02/18/202 69012T115 6 17,826 SH   DFND   17,826 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 243 15,252 SH   DFND   15,252 0 0
PGIM HIGH YIELD BOND FUND IN COM 69346H100 1,773 125,021 SH   DFND   125,021 0 0
REALPAGE INC COM 75606N109 937 15,445 SH   DFND   15,445 0 0
REALPAGE INC NOTE 1.500%11/1 75606NAB5 3,533 2,291,000 PRN   DFND   2,291,000 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 788 12,100 SH Put DFND   12,100 0 0
ROYAL GOLD INC COM 780287108 1,318 14,500 SH Call DFND   14,500 0 0
SCHLUMBERGER LTD COM 806857108 1,111 25,500 SH Call DFND   25,500 0 0
SERVICENOW INC NOTE 6/0 81762PAC6 3,316 1,790,000 PRN   DFND   1,790,000 0 0
SHAKE SHACK INC CL A 819047101 1,420 24,000 SH Put DFND   24,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 6,184 50,685 SH   DFND   50,685 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 152,539 540,000 SH Call DFND   540,000 0 0
STARBUCKS CORP COM 855244109 543 7,300 SH Put DFND   7,300 0 0
TOTAL S A SPONSORED ADS 89151E109 3,133 56,300 SH Call DFND   56,300 0 0
UBS AG LONDON BRH ETRACS MTH 2XLV 90270L842 1,776 125,512 SH   DFND   125,512 0 0
UNITED TECHNOLOGIES CORP COM 913017109 451 3,500 SH Put DFND   3,500 0 0
US FOODS HLDG CORP COM 912008109 1,172 33,585 SH   DFND   33,585 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 4,955 221,000 SH Call DFND   221,000 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 4,484 200,000 SH Put DFND   200,000 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 1,924 85,837 SH   DFND   85,837 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 1,076 33,897 SH   DFND   33,897 0 0
VIAVI SOLUTIONS INC NOTE 1.000% 3/0 925550AB1 2,003 1,778,000 PRN   DFND   1,778,000 0 0
VIRTUS INVT PARTNERS INC PFD CV SER D 92828Q208 490 5,500 SH   DFND   5,500 0 0
VOYA INFRASTRUCTURE INDLS & COM 92912X101 252 20,000 SH   DFND   20,000 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 775 162,034 SH   DFND   162,034 0 0
WILLSCOT CORP COM 971375126 1,478 133,280 SH   DFND   133,280 0 0
WORKDAY INC NOTE 0.250%10/0 98138HAF8 2,516 1,777,000 PRN   DFND   1,777,000 0 0
XPO LOGISTICS INC COM 983793100 498 9,270 SH   DFND   9,270 0 0
ZAYO GROUP HLDGS INC COM 98919V105 1,597 56,200 SH   DFND   56,200 0 0
ZIONS BANCORPORATION N A *W EXP 05/21/202 989701115 2,019 155,449 SH   DFND   155,449 0 0
ZIONS BANCORPORATION N A COM 989701107 2,952 65,000 SH Call DFND   65,000 0 0
ZIONS BANCORPORATION N A COM 989701107 268 5,896 SH   DFND   5,896 0 0