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
AGNC INVT CORP COM 00123Q104 26,200 2,000,000 SH Put OTR 1,2,3 0 2,000,000 0
ALAMOS GOLD INC NEW COM CL A 011532108 18,768 2,229,000 SH   OTR 1,2,3 0 2,229,000 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 44,696 3,778,219 SH   OTR 1,2,3 0 3,778,219 0
AMERICAN EXPRESS CO COM 025816109 187,000 1,000,000 SH Put OTR 1,2,3 0 1,000,000 0
AMERICAN INTL GROUP INC COM NEW 026874784 37,662 600,000 SH Put OTR 1,2,3 0 600,000 0
ANNALY CAPITAL MANAGEMENT IN COM 035710409 10,560 1,500,000 SH Put OTR 1,2,3 0 1,500,000 0
ARES CAPITAL CORP COM 04010L103 41,900 2,000,000 SH Put OTR 1,2,3 0 2,000,000 0
ARK ETF TR INNOVATION ETF 00214Q104 132,580 2,000,000 SH Put OTR 1,2,3 0 2,000,000 0
BARCLAYS BANK PLC IPTH SR B S&P 06747R477 12,850 500,000 SH Call OTR 1,2,3 0 500,000 0
BARCLAYS BANK PLC IPTH SR B S&P 06747R477 5,140 200,000 SH   OTR 1,2,3 0 200,000 0
BARRICK GOLD CORP COM 067901108 12,265 500,000 SH Call OTR 1,2,3 0 500,000 0
BARRICK GOLD CORP COM 067901108 28,210 1,150,000 SH   OTR 1,2,3 0 1,150,000 0
BIG LOTS INC COM 089302103 34,600 1,000,000 SH Put OTR 1,2,3 0 1,000,000 0
DEUTSCHE BANK A G NAMEN AKT D18190898 12,650 1,000,000 SH Put OTR 1,2,3 0 1,000,000 0
ETF MANAGERS TR PRIME JUNIR SLVR 26924G102 9,673 687,000 SH   OTR 1,2,3 0 687,000 0
FIRST MAJESTIC SILVER CORP COM 32076V103 18,892 1,435,558 SH   OTR 1,2,3 0 1,435,558 0
FRANCO NEV CORP COM 351858105 31,904 200,000 SH   OTR 1,2,3 0 200,000 0
GLOBAL X FDS GLOBAL X SILVER 37954Y848 10,911 300,000 SH   OTR 1,2,3 0 300,000 0
INVESCO QQQ TR UNIT SER 1 46090E103 4,470,118 12,330,000 SH Put OTR 1,2,3 0 12,330,000 0
ISHARES INC MSCI GERMANY ETF 464286806 36,907 1,300,000 SH Put OTR 1,2,3 0 1,300,000 0
ISHARES SILVER TR ISHARES 46428Q109 22,880 1,000,000 SH Call OTR 1,2,3 0 1,000,000 0
ISHARES SILVER TR ISHARES 46428Q109 100,672 4,400,000 SH   OTR 1,2,3 0 4,400,000 0
ISHARES TR 20 YR TR BD ETF 464287432 132,080 1,000,000 SH Call OTR 1,2,3 0 1,000,000 0
ISHARES TR 20 YR TR BD ETF 464287432 188,214 1,425,000 SH   OTR 1,2,3 0 1,425,000 0
ISHARES TR IBOXX HI YD ETF 464288513 230,412 2,800,000 SH Put OTR 1,2,3 0 2,800,000 0
ISHARES TR JPMORGAN USD EMG 464288281 97,760 1,000,000 SH Put OTR 1,2,3 0 1,000,000 0
ISHARES TR RUSSELL 2000 ETF 464287655 2,460,161 11,985,000 SH Put OTR 1,2,3 0 11,985,000 0
KINROSS GOLD CORP COM 496902404 14,700 2,500,000 SH   OTR 1,2,3 0 2,500,000 0
MACYS INC COM 55616P104 19,488 800,000 SH Put OTR 1,2,3 0 800,000 0
MARRIOTT INTL INC NEW CL A 571903202 123,025 700,000 SH Put OTR 1,2,3 0 700,000 0
MR COOPER GROUP INC COM 62482R107 114,175 2,500,000 SH Put OTR 1,2,3 0 2,500,000 0
NORDSTROM INC COM 655664100 27,110 1,000,000 SH Put OTR 1,2,3 0 1,000,000 0
NOVAGOLD RES INC COM NEW 66987E206 12,733 1,647,254 SH   OTR 1,2,3 0 1,647,254 0
OCWEN FINL CORP COM NEW 675746606 20,523 863,744 SH   OTR 1,2,3 0 863,744 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 11,122 843,203 SH   OTR 1,2,3 0 843,203 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 26,600 500,000 SH Put OTR 1,2,3 0 500,000 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 57,330 750,000 SH Put OTR 1,2,3 0 750,000 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 38,220 500,000 SH Call OTR 1,2,3 0 500,000 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605 479,000 12,500,000 SH Put OTR 1,2,3 0 12,500,000 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 1,110,000 6,000,000 SH Put OTR 1,2,3 0 6,000,000 0
SPDR GOLD TR GOLD SHS 78463V107 270,975 1,500,000 SH Call OTR 1,2,3 0 1,500,000 0
SPDR GOLD TR GOLD SHS 78463V107 162,585 900,000 SH Put OTR 1,2,3 0 900,000 0
SPDR GOLD TR GOLD SHS 78463V107 90,325 500,000 SH   OTR 1,2,3 0 500,000 0
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 53,495 1,300,000 SH Put OTR 1,2,3 0 1,300,000 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 21,294,826 47,150,000 SH Put OTR 1,2,3 0 47,150,000 0
SPDR SER TR S&P REGL BKG 78464A698 68,900 1,000,000 SH Put OTR 1,2,3 0 1,000,000 0
SPDR SER TR S&P RETAIL ETF 78464A714 75,540 1,000,000 SH Put OTR 1,2,3 0 1,000,000 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 28,676 3,269,756 SH   OTR 1,2,3 0 3,269,756 0
STARWOOD PPTY TR INC COM 85571B105 24,170 1,000,000 SH Put OTR 1,2,3 0 1,000,000 0
TARGET CORP COM 87612E106 212,220 1,000,000 SH Put OTR 1,2,3 0 1,000,000 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 38,350 1,000,000 SH Call OTR 1,2,3 0 1,000,000 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106 37,422 975,804 SH   OTR 1,2,3 0 975,804 0
VANECK ETF TRUST JUNIOR GOLD MINE 92189F791 28,122 600,000 SH Call OTR 1,2,3 0 600,000 0
VANECK ETF TRUST JUNIOR GOLD MINE 92189F791 34,918 745,000 SH   OTR 1,2,3 0 745,000 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 74,736 1,200,000 SH Put OTR 1,2,3 0 1,200,000 0