DIREXION SHS ETF TR

Ticker: TECL CUSIP: 25459W102 Class: Inverse Market Hedge Fund

Ionic Capital Management LLC's Holding History (CIK: 0001386462)

Note: Option positions (PUT/CALL) are excluded.

Q2 2014

Shares 4,200 Value ($000) $472 Avg Close — Range —

Q1 2014

Shares 4,200 Value ($000) $401 Avg Close — Range —

Q4 2013

Shares 4,200 Value ($000) $383 Avg Close — Range —

Q3 2013

Shares 4,200 Value ($000) $276 Avg Close — Range —

Q2 2013

Shares 2,200 Value ($000) $125 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	4,200	$472	—	—
Q1 2014	4,200	$401	—	—
Q4 2013	4,200	$383	—	—
Q3 2013	4,200	$276	—	—
Q2 2013	2,200	$125	—	—