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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACTIVISION BLIZZARD INC COM 00507V109 BBG001S6C009 3,663,252 42,800 SH Call SOLE 1 42,800 0 0
AG MTG INVT TR INC COM NEW 001228501 BBG001V0PK00 275,115 47,846 SH   SOLE 1 47,846 0 0
ALLSTATE CORP COM 020002101 BBG001S9BM06 554,050 5,000 SH Call SOLE 1 5,000 0 0
AMC ENTMT HLDGS INC CL A COM 00165C104 BBG001SZYYL4 11,316,588 2,258,800 SH Call SOLE 1 2,258,800 0 0
AMC ENTMT HLDGS INC CL A COM 00165C104 BBG001SZYYL4 59,225,715 11,821,500 SH Put SOLE 1 11,821,500 0 0
ANNALY CAPITAL MANAGEMENT IN COM NEW 035710839 BBG001S8J4S0 39,878,882 2,086,807 SH   SOLE 1 2,086,807 0 0
ANNALY CAPITAL MANAGEMENT IN COM NEW 035710839 BBG001S8J4S0 48,753,432 2,551,200 SH Call SOLE 1 2,551,200 0 0
ANYWHERE REAL ESTATE INC COM 75605Y106 BBG001SSDCC1 3,084,275 584,143 SH   SOLE 1 584,143 0 0
ANYWHERE REAL ESTATE INC COM 75605Y106 BBG001SSDCC1 605,088 114,600 SH Call SOLE 1 114,600 0 0
ARES ACQUISITION CORPORATION *W EXP 02/02/202 G33032122   40,294 45,788 SH   SOLE 1 45,788 0 0
ARROWROOT ACQUISITION CORP *W EXP 03/02/202 04282M110   6,005 49,999 SH   SOLE 1 49,999 0 0
AXOS FINANCIAL INC COM 05465C100 BBG001SLZ724 1,846,000 50,000 SH Put SOLE 1 50,000 0 0
B. RILEY FINANCIAL INC COM 05580M108 BBG001SV8TK4 2,302,429 81,100 SH Put SOLE 1 81,100 0 0
BAUSCH HEALTH COS INC COM 071734107 BBG001S7WDP0 2,940,300 363,000 SH   SOLE 1 363,000 0 0
BIOTE CORP *W EXP 05/26/202 090683111   10,656 24,999 SH   SOLE 1 24,999 0 0
BLUERIVER ACQUISITION CORP *W EXP 01/04/202 G1261Q115   1,434 18,332 SH   SOLE 1 18,332 0 0
COINBASE GLOBAL INC COM CL A 19260Q107 BBG00ZGF7799 54,258,710 803,000 SH Put SOLE 1 803,000 0 0
CONSTELLATION ACQUISITN CORP *W EXP 01/29/202 G2R18K113   1,256 13,333 SH   SOLE 1 13,333 0 0
DEERE & CO COM 244199105 BBG001S5QFF7 2,064,400 5,000 SH Put SOLE 1 5,000 0 0
DHC ACQUISITION CORP *W EXP 02/25/202 G2758T117   1,665 49,998 SH   SOLE 1 49,998 0 0
ELLINGTON FINANCIAL INC COM 28852N109 BBG001SQ6V04 11,320,392 927,141 SH   SOLE   927,141 0 0
ELLINGTON RESIDENTIAL MTG RE COM SHS BEN INT 288578107 BBG004DFMB86 1,088,328 149,086 SH   SOLE   149,086 0 0
FREEDOM ACQUISITION I CORP *W EXP 03/02/202 G3663X128   6,272 24,999 SH   SOLE 1 24,999 0 0
GLOBALSTAR INC COM 378973408 BBG001SPN4X1 5,278,177 4,550,153 SH   SOLE 1 4,550,153 0 0
GOLDEN ARROW MERGER CORP *W EXP 07/31/202 380799114   2,557 49,999 SH   SOLE 1 49,999 0 0
GREAT AJAX CORP COM 38983D300 BBG008200KY7 1,802,808 273,983 SH   SOLE 1 273,983 0 0
IMPAC MTG HLDGS INC COM NEW 45254P508 BBG001S8MXK0 13,572 38,743 SH   SOLE 1 38,743 0 0
INVESCO EXCH TRADED FD TR II SR LN ETF 46138G508 BBG001V0MBC0 88,795,200 4,269,000 SH Put SOLE 1 4,269,000 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357 BBG00KJR2NN7 7,231,000 50,000 SH Put SOLE 1 50,000 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 BBG001S9GN63 154,784,534 482,300 SH Put SOLE 1 482,300 0 0
INVITATION HOMES INC COM 46187W107 BBG00FQH6CJ7 6,246,000 200,000 SH Put SOLE 1 200,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 BBG001SMDNB1 43,409,100 1,470,000 SH Put SOLE 1 1,470,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 BBG001ST0ZQ7 5,269,915 69,754 SH   SOLE 1 69,754 0 0
ISHARES TR IBOXX HI YD ETF 464288513 BBG001ST0ZQ7 1,511,000 20,000 SH Call SOLE 1 20,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 BBG001ST0ZQ7 67,995,000 900,000 SH Put SOLE 1 900,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 BBG001S60QR6 2,948,509 26,900 SH Put SOLE 1 26,900 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 BBG001SFC7Y7 99,297,434 556,600 SH Put SOLE 1 556,600 0 0
JAWS MUSTANG ACQUISITION COR *W EXP 01/30/202 G50737124   1,359 12,499 SH   SOLE 1 12,499 0 0
KERNEL GROUP HOLDINGS INC *W EXP 02/02/202 G5259L129   8,625 75,000 SH   SOLE 1 75,000 0 0
LOCAL BOUNTI CORP *W EXP 99/99/999 53960E114   1,626 18,398 SH   SOLE 1 18,398 0 0
LUCID GROUP INC COM 549498103 BBG00W7F99W4 221,100 27,500 SH Put SOLE 1 27,500 0 0
M/I HOMES INC COM 55305B101 BBG001S7HGC4 1,842,607 29,206 SH   SOLE 1 29,206 0 0
MASTERBRAND INC COMMON STOCK 57638P104 BBG01B9G4424 1,914,002 238,060 SH   SOLE 1 238,060 0 0
MFA FINL INC COM 55272X607 BBG001S86YS8 20,879,586 2,104,797 SH   SOLE 1 2,104,797 0 0
MOVELLA HOLDINGS INC *W EXP 02/10/202 62459N113   1,999 14,837 SH   SOLE 1 14,837 0 0
MR COOPER GROUP INC COM 62482R107 BBG002V09956 15,679,997 382,719 SH   SOLE 1 382,719 0 0
MR COOPER GROUP INC COM 62482R107 BBG002V09956 12,291,000 300,000 SH Call SOLE 1 300,000 0 0
NEW YORK MTG TR INC COM 649604840 BBG001SHHBR7 9,098,510 913,505 SH   SOLE 1 913,505 0 0
OPORTUN FINL CORP COM 68376D104 BBG001S8N4V1 10,521,210 2,725,702 SH   SOLE 1 2,725,702 0 0
PENNYMAC CORP NOTE 5.500% 3/1 70932AAF0   866,922 1,000,000 PRN   SOLE 1 1,000,000 0 0
PENNYMAC CORP NOTE 5.500%11/0 70932AAD5   469,235 500,000 PRN   SOLE 1 500,000 0 0
PENNYMAC MTG INVT TR COM 70931T103 BBG001T1MJR8 1,137,726 92,273 SH   SOLE 1 92,273 0 0
PRIVETERRA ACQUISITION CORP *W EXP 02/28/202 74275N110   1,375 24,999 SH   SOLE 1 24,999 0 0
QUADRO ACQUISITION ONE CORP *W EXP 06/30/202 G52807115   1,481 41,032 SH   SOLE 1 41,032 0 0
REDWOOD TRUST INC COM 758075402 BBG001SBHVP8 4,036,054 598,821 SH   SOLE 1 598,821 0 0
RITHM CAPITAL CORP COM NEW 64828T201 BBG003T1GM12 419,304 52,413 SH   SOLE 1 52,413 0 0
RITHM CAPITAL CORP COM NEW 64828T201 BBG003T1GM12 7,485,600 935,700 SH Call SOLE 1 935,700 0 0
RMG ACQUISITION CORP III *W EXP 02/08/202 G76088122   1,550 10,000 SH   SOLE 1 10,000 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 BBG001S7T1S7 5,798,100 70,000 SH Call SOLE 1 70,000 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605 BBG001S7T223 14,467,500 450,000 SH Put SOLE 1 450,000 0 0
SLAM CORP *W EXP 02/23/202 G8210L121   4,600 19,999 SH   SOLE 1 19,999 0 0
SMARTRENT INC COM CL A 83193G107 BBG00Z0H9PZ1 1,149,502 450,785 SH   SOLE 1 450,785 0 0
SOCIAL LEVERAGE ACQUISN CORP *W EXP 02/17/202 83363K110   1,419 12,499 SH   SOLE 1 12,499 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 BBG001S72SM3 113,278,216 276,700 SH Put SOLE 1 276,700 0 0
SUSTAINABLE DEVELP ACQU I CO *W EXP 02/04/202 86934L111   2,312 25,000 SH   SOLE 1 25,000 0 0
TH INTERNATIONAL LIMITED *W EXP 09/28/202 G8656L114   12,250 25,000 SH   SOLE 1 25,000 0 0
TWELVE SEAS INVESTMENT CO II *W EXP 03/02/202 90118T114   828 16,666 SH   SOLE 1 16,666 0 0
VROOM INC NOTE 0.750% 7/0 92918VAB5   3,511,891 9,005,000 PRN   SOLE 1 9,005,000 0 0
ZILLOW GROUP INC CL C CAP STK 98954M200 BBG009NRSWK2 3,078,836 69,234 SH   SOLE 1 69,234 0 0
ZILLOW GROUP INC CL C CAP STK 98954M200 BBG009NRSWK2 400,230 9,000 SH Call SOLE 1 9,000 0 0
ZILLOW GROUP INC CL C CAP STK 98954M200 BBG009NRSWK2 306,843 6,900 SH Put SOLE 1 6,900 0 0