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
ALPS ETF TR ALERIAN MLP 00162Q452 1,365 37,478 SH   SOLE N/A 37,478 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 1,125 426,189 SH   SOLE N/A 426,189 0 0
DISH NETWORK CORPORATION CL A 25470M109 577 13,809 SH   SOLE N/A 13,809 0 0
DISH NETWORK CORPORATION NOTE 3.375% 8/1 25470MAB5 2,239 2,186,000 PRN   SOLE N/A 2,186,000 0 0
GRAY TELEVISION INC COM 389375106 919 39,257 SH   SOLE N/A 39,257 0 0
IHEARTMEDIA INC COM CL A 45174J509 1,749 64,948 SH   SOLE N/A 64,948 0 0
ISHARES TR RUSSELL 2000 ETF 464287955 13,762 60,000 SH Put SOLE N/A 60,000 0 0
LIONS GATE ENTMNT CORP CL B NON VTG 535919500 1,508 82,413 SH   SOLE N/A 82,413 0 0
MAXAR TECHNOLOGIES INC COM 57778K105 2,236 56,000 SH   SOLE N/A 56,000 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 1,276 38,409 SH   SOLE N/A 38,409 0 0
SPDR GOLD TR GOLD SHS 78463V107 1,414 8,539 SH   SOLE N/A 8,539 0 0
SPDR GOLD TR GOLD SHS 78463V907 7,089 42,800 SH Call SOLE N/A 42,800 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F953 14,212 33,200 SH Put SOLE N/A 33,200 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 894 26,307 SH   SOLE N/A 26,307 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 690 14,764 SH   SOLE N/A 14,764 0 0