CAPSTONE INVESTMENT ADVISORS, LLC

Holdings History for BARCLAYS IPTH SRS B S&P SHRT TRM ETN - IPATH S&P500 VIX (VXX)

Symbol: VXX on CBOE
Investment type: Equity / IPATH S&P500 VIX

Shares, Excluding Options vs Price

Value, Excluding Options

Holdings date	Option	Weight	Change	Value $	Shares	Change	Activity %	Price	All Holders
31 Mar 2016	call		0%	$39,734,000	1,771,900	0		$22.42 ^*	Q1 2016
31 Mar 2016	put		-0.21%	$0	0	-200,000	-100%		Q1 2016
31 Dec 2015	call	1%	+1%	$19,661,000	978,200	+978,200	NEW	$20.10	Q4 2015
31 Dec 2015	put	0.21%	-0.21%	$4,020,000	200,000	-200,000	-50%	$20.10	Q4 2015
30 Sep 2015			0%	$2,000	100	0		$20.00 ^*	Q3 2015
30 Sep 2015	call		-0.2%	$0	0	-467,300	-100%		Q3 2015
30 Sep 2015	put	0.41%	-0.39%	$10,252,000	400,000	-386,000	-49%	$25.63	Q3 2015
30 Jun 2015		0%	+0%	$62,000	3,100	+3,100	NEW	$20.00	Q2 2015
30 Jun 2015	call	0.2%	+0.03%	$9,392,000	467,300	+67,600	+17%	$20.10	Q2 2015
30 Jun 2015	put	0.33%	+0.33%	$15,798,000	786,000	+786,000	NEW	$20.10	Q2 2015
31 Mar 2015	call	0.26%	-0.24%	$10,244,000	399,700	-366,500	-48%	$25.63	Q1 2015
31 Mar 2015	put		-0.52%	$0	0	-679,000	-100%		Q1 2015
31 Dec 2014	call	0.58%	-0.52%	$24,142,000	766,200	-679,400	-47%	$31.51	Q4 2014
31 Dec 2014	put	0.52%	-0.16%	$21,395,000	679,000	-216,600	-24%	$31.51	Q4 2014
30 Sep 2014	call	0.7%	+0.28%	$45,072,000	1,445,600	+585,300	+68%	$31.18	Q3 2014
30 Sep 2014	put	0.43%	+0.16%	$27,923,000	895,600	+336,700	+60%	$31.18	Q3 2014
30 Jun 2014	call	0.42%	+0.38%	$24,604,000	860,300	+777,600	+940%	$28.60	Q2 2014
30 Jun 2014	put	0.27%	-0.84%	$15,984,000	558,900	-1,733,000	-76%	$28.60	Q2 2014
31 Mar 2014	call	0.05%	-0%	$3,485,000	82,700	-2,900	-3.4%	$42.14	Q1 2014
31 Mar 2014	put	1.5%	+1.3%	$96,603,000	2,291,900	+1,998,300	+681%	$42.15	Q1 2014
31 Dec 2013	call	0.05%	0%	$3,642,000	85,600	0		$42.55	Q4 2013
31 Dec 2013	put	0.16%	0%	$12,492,000	293,600	0		$42.55	Q4 2013

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.