<SEC-DOCUMENT>0001315863-18-000450.txt : 20180515
<SEC-HEADER>0001315863-18-000450.hdr.sgml : 20180515
<ACCEPTANCE-DATETIME>20180515162215
ACCESSION NUMBER:		0001315863-18-000450
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180331
FILED AS OF DATE:		20180515
DATE AS OF CHANGE:		20180515
EFFECTIVENESS DATE:		20180515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Thiel Macro LLC
		CENTRAL INDEX KEY:			0001562087
		IRS NUMBER:				371705458
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-16599
		FILM NUMBER:		18836851

	BUSINESS ADDRESS:	
		STREET 1:		1 LETTERMAN DRIVE
		STREET 2:		BUILDING C, SUITE 400
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94129
		BUSINESS PHONE:		415-248-5140

	MAIL ADDRESS:	
		STREET 1:		1 LETTERMAN DRIVE
		STREET 2:		BUILDING C, SUITE 400
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94129
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/thirteenffiler" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <filer>
        <credentials>
          <cik>0001562087</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>03-31-2018</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>03-31-2018</reportCalendarOrQuarter>
      <filingManager>
        <name>Thiel Macro LLC</name>
        <address>
          <com:street1>1 LETTERMAN DRIVE</com:street1>
          <com:street2>BUILDING C, SUITE 400</com:street2>
          <com:city>SAN FRANCISCO</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>94129</com:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-16599</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Timothy Van Voris</name>
      <title>Chief Compliance Officer</title>
      <phone>415.248.5140</phone>
      <signature>/s/ Timothy Van Voris</signature>
      <city>San Francisco</city>
      <stateOrCountry>CA</stateOrCountry>
      <signatureDate>05-15-2018</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
      <tableEntryTotal>12</tableEntryTotal>
      <tableValueTotal>749305</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
    </summaryPage>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>INFORMATION TABLE
<SEQUENCE>2
<FILENAME>thielmacro1q18.inftab.xml
<DESCRIPTION>THIEL MACRO LLC 13F 1ST QUARTER 2018
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?>
<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><infoTable><nameOfIssuer>ALIBABA GROUP HLDG LTD</nameOfIssuer><titleOfClass>SPONSORED ADS</titleOfClass><cusip>01609W102</cusip><value>46619</value><shrsOrPrnAmt><sshPrnamt>254000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager> </otherManager><votingAuthority><Sole>46619</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALPS ETF TR</nameOfIssuer><titleOfClass>ALERIAN MLP</titleOfClass><cusip>00162Q866</cusip><value>6559</value><shrsOrPrnAmt><sshPrnamt>700000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager> </otherManager><votingAuthority><Sole>700000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CAMECO CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>13321L108</cusip><value>3136</value><shrsOrPrnAmt><sshPrnamt>345000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager> </otherManager><votingAuthority><Sole>345000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ISHARES INC</nameOfIssuer><titleOfClass>MSCI MEXICO ETF</titleOfClass><cusip>464286822</cusip><value>696</value><shrsOrPrnAmt><sshPrnamt>13500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><putCall>Call</putCall><investmentDiscretion>SOLE</investmentDiscretion><otherManager> </otherManager><votingAuthority><Sole>13500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ISHARES TR</nameOfIssuer><titleOfClass>MSCI EMG MKT ETF</titleOfClass><cusip>464287234</cusip><value>73188</value><shrsOrPrnAmt><sshPrnamt>1515900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><putCall>Call</putCall><investmentDiscretion>SOLE</investmentDiscretion><otherManager> </otherManager><votingAuthority><Sole>1515900</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>POWERSHARES QQQ TRUST</nameOfIssuer><titleOfClass>UNIT SER 1</titleOfClass><cusip>73935A104</cusip><value>160450</value><shrsOrPrnAmt><sshPrnamt>1002000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><putCall>Call</putCall><investmentDiscretion>SOLE</investmentDiscretion><otherManager> </otherManager><votingAuthority><Sole>1002000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PROSHARES TR II</nameOfIssuer><titleOfClass>SHT VIX ST TRM</titleOfClass><cusip>74347W627</cusip><value>3522</value><shrsOrPrnAmt><sshPrnamt>300000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager> </otherManager><votingAuthority><Sole>300000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer><titleOfClass>SBI INT-FINL</titleOfClass><cusip>81369Y605</cusip><value>110831</value><shrsOrPrnAmt><sshPrnamt>4020000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><putCall>Call</putCall><investmentDiscretion>SOLE</investmentDiscretion><otherManager> </otherManager><votingAuthority><Sole>4020000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer><titleOfClass>TR UNIT</titleOfClass><cusip>78462F103</cusip><value>323675</value><shrsOrPrnAmt><sshPrnamt>1230000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><putCall>Call</putCall><investmentDiscretion>SOLE</investmentDiscretion><otherManager> </otherManager><votingAuthority><Sole>1230000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VANECK VECTORS ETF TR</nameOfIssuer><titleOfClass>OIL SVCS ETF</titleOfClass><cusip>92189F718</cusip><value>895</value><shrsOrPrnAmt><sshPrnamt>37500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><putCall>Call</putCall><investmentDiscretion>SOLE</investmentDiscretion><otherManager> </otherManager><votingAuthority><Sole>37500</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VANECK VECTORS ETF TR</nameOfIssuer><titleOfClass>OIL SVCS ETF</titleOfClass><cusip>92189F718</cusip><value>11696</value><shrsOrPrnAmt><sshPrnamt>490000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager> </otherManager><votingAuthority><Sole>490000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VANECK VECTORS ETF TR</nameOfIssuer><titleOfClass>JR GOLD MINERS E</titleOfClass><cusip>92189F791</cusip><value>8038</value><shrsOrPrnAmt><sshPrnamt>250000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>SOLE</investmentDiscretion><otherManager> </otherManager><votingAuthority><Sole>250000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable></informationTable>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>