Parallax Volatility Advisers, L.P.

Q2 2026 Holdings

Filed 2026-08-14 | 1502 holdings | $58.9B | 13F-HR | View on SEC ↗ · Holdings Table ↗

Issuer	Class	CUSIP	Value ↓	Shares	% Portfolio
State STR Spdr S&P 500 ETF T(SPY)Put	TR UNIT	78462F103	$19.5B	26,122,000	33.1%
Invesco QQQ TR(QQQ)Call	UNIT SER 1	46090E103	$6.1B	8,297,700	10.4%
State STR Spdr S&P 500 ETF T(SPY)Call	TR UNIT	78462F103	$3.4B	4,551,000	5.8%
Invesco QQQ TR(QQQ)Put	UNIT SER 1	46090E103	$3.0B	4,092,300	5.1%
Ishares TR(IWM)Put	RUSSELL 2000 ETF	464287655	$1.5B	5,055,600	2.6%
Spdr Gold TR(GLD)Call	GOLD SHS	78463V107	$813.8M	2,209,000	1.4%
Select Sector Spdr TR(XLF)Put	ST STR FINL ETF	81369Y605	$688.9M	12,850,500	1.2%
Nvidia Corporation(NVDA)Put	COM	67066G104	$601.5M	3,006,100	1.0%
Vaneck ETF Trust(SMH)Call	SEMICONDUCTR ETF	92189F676	$568.2M	866,300	1.0%
Vaneck ETF Trust(SMH)Put	SEMICONDUCTR ETF	92189F676	$559.3M	852,700	1.0%
Select Sector Spdr TR(XLF)Call	ST STR FINL ETF	81369Y605	$538.7M	10,047,600	0.9%
Ishares TR(IWM)Call	RUSSELL 2000 ETF	464287655	$468.6M	1,559,700	0.8%
Micron Technology Inc(MU)Put	COM	595112103	$390.5M	338,300	0.7%
Advanced Micro Devices Inc(AMD)Put	COM	007903107	$348.9M	600,600	0.6%
Ishares TR(EFA)Put	MSCI EAFE ETF	464287465	$309.1M	2,975,500	0.5%
Tesla Inc(TSLA)Call	COM	88160R101	$286.8M	682,000	0.5%
Spdr Gold TR(GLD)Put	GOLD SHS	78463V107	$254.7M	691,500	0.4%
Tesla Inc(TSLA)Put	COM	88160R101	$250.6M	595,900	0.4%
Nvidia Corporation(NVDA)Call	COM	67066G104	$236.0M	1,179,700	0.4%
Nvidia Corporation(NVDA)	COM	67066G104	$231.6M	1,157,378	0.4%
Ishares TR(TLT)Call	20 YR TR BD ETF	464287432	$226.1M	2,616,100	0.4%
Select Sector Spdr TR(XLE)Put	ST STR ENERG ETF	81369Y506	$223.4M	4,205,800	0.4%
Ishares TR(HYG)Call	IBOXX HI YD ETF	464288513	$220.2M	2,753,700	0.4%
Ishares TR(EEM)Put	MSCI EMG MKT ETF	464287234	$219.3M	3,206,400	0.4%
Nextera Energy Inc	UNIT 02/15/2029	65339F655	$207.2M	2,360,663	0.4%
Alphabet Inc(GOOGL)Put	CAP STK CL A	02079K305	$205.8M	575,800	0.3%
Amazon COM Inc(AMZN)Put	COM	023135106	$195.6M	820,800	0.3%
Select Sector Spdr TR(XLI)Put	ST STR INDL ETF	81369Y704	$192.8M	1,041,100	0.3%
Walmart Inc(WMT)Put	COM	931142103	$183.4M	1,619,100	0.3%
Advanced Micro Devices Inc(AMD)Call	COM	007903107	$176.9M	304,600	0.3%
American Airlines Group Inc(AAL)Put	COM	02376R102	$172.9M	9,569,400	0.3%
Boeing Co(BA)Put	COM	097023105	$172.9M	798,700	0.3%
Take-Two Interactive Softwar(TTWO)Put	COM	874054109	$167.3M	669,400	0.3%
Meta Platforms Inc(META)Put	CL A	30303M102	$166.6M	295,800	0.3%
Apple Inc(AAPL)Call	COM	037833100	$164.4M	568,200	0.3%
Spdr Series Trust(KRE)Put	ST STR SP REGBNK	78464A698	$161.7M	2,160,200	0.3%
Ishares TR(EFA)Call	MSCI EAFE ETF	464287465	$158.3M	1,523,900	0.3%
Visa Inc(V)Call	COM CL A	92826C839	$157.2M	458,300	0.3%
Ishares Silver TR(SLV)Call	ISHARES	46428Q109	$141.5M	2,645,800	0.2%
Ishares Bitcoin Trust ETF(IBIT)Call	SHS BEN INT	46438F101	$134.2M	4,032,100	0.2%
Intel Corp(INTC)Put	COM	458140100	$132.5M	949,100	0.2%
Oracle Corp(ORCL)Put	COM	68389X105	$122.6M	836,400	0.2%
Vaneck ETF Trust(GDX)Put	GOLD MINERS ETF	92189F106	$121.3M	1,607,200	0.2%
Ishares Bitcoin Trust ETF(IBIT)Put	SHS BEN INT	46438F101	$119.5M	3,590,800	0.2%
Brinker Intl Inc(EAT)Put	COM	109641100	$119.4M	710,900	0.2%
Select Sector Spdr TR(XLE)Call	ST STR ENERG ETF	81369Y506	$118.4M	2,228,400	0.2%
Marvell Technology Inc(MRVL)Put	COM	573874104	$114.1M	383,100	0.2%
Berkshire Hathaway Inc del(BRK/B)Call	CL B NEW	084670702	$110.8M	221,500	0.2%
Netflix Inc.(NFLX)Put	COM	64110L106	$110.3M	1,544,700	0.2%
Chipotle Mexican Grill Inc(CMG)Put	COM	169656105	$107.3M	3,155,200	0.2%

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