0000894579-12-000225.txt : 20120813 0000894579-12-000225.hdr.sgml : 20120813 20120813131732 ACCESSION NUMBER: 0000894579-12-000225 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120813 DATE AS OF CHANGE: 20120813 EFFECTIVENESS DATE: 20120813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Vermillion Asset Management LLC CENTRAL INDEX KEY: 0001421758 IRS NUMBER: 202794416 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12729 FILM NUMBER: 121026854 BUSINESS ADDRESS: STREET 1: 267 FIFTH AVENUE STREET 2: 7TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 212-683-8816 MAIL ADDRESS: STREET 1: 267 FIFTH AVENUE STREET 2: 7TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10016 13F-HR 1 vermillion13fhr081012.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Vermillion Asset Management, LLC Address: 267 Fifth Avenue, 7th Floor New York, NY 10016 Form 13F File Number: 28-12729 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Christopher Zuech Title: Chief Compliance Officer Phone: 212-683-8816 Signature, Place and Date of Signing: /s/ Christopher Zuech New York, NY August 13 , 2012 Report Type (Check only one): [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: NONE FORM 13F SUMMARY PAGE Report Summary: Number of other Included Managers: 0 Form 13F Information Table Entry Total 267 Form 13F Information Table Value Total: $331,396 (thousands) List of Other Included Managers: NONE
------------------------------------------------------------------------------------------------------------------------------------ Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Shares or Title of Value Principal SH/ PUT/ Investment Other Voting Authority Name of Issuer Class Cusip (x$1,000) Amount PRN CALL Discretion Managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ MARKET VECTORS ETF TR GOLD MINER ETF COM 57060U100 3,008 67,000 SH SOLE NONE OIL SVC HOLDRS TR DEPOSTRY RCPT COM 678002106 21,384 600,000 SH SOLE NONE ALCOA INC CALL CALL 013817901 15 600,000 CALL SOLE NONE ALCOA INC CALL CALL 013817901 116 552,000 CALL SOLE NONE ALCOA INC CALL CALL 013817901 12 22,000 CALL SOLE NONE ALCOA INC PUT PUT 013817951 774 600,000 PUT SOLE NONE ALCOA INC PUT PUT 013817951 118 80,000 PUT SOLE NONE ALCOA INC PUT PUT 013817951 83 500,000 PUT SOLE NONE APACHE CORP CALL CALL 037411905 488 100,000 CALL SOLE NONE APACHE CORP PUT PUT 037411955 273 100,000 PUT SOLE NONE ANADARKO PETE CORP CALL CALL 032511907 10 100,000 CALL SOLE NONE ANADARKO PETE CORP PUT PUT 032511957 1,655 100,000 PUT SOLE NONE BUNGE LIMITED CALL CALL G16962905 223 100,000 CALL SOLE NONE BUNGE LIMITED PUT PUT G16962955 245 100,000 PUT SOLE NONE CLIFFS NATURAL RESOURCES INC CALL CALL 18683K901 5 65,000 CALL SOLE NONE CLIFFS NATURAL RESOURCES INC CALL CALL 18683K901 4 65,000 CALL SOLE NONE CLIFFS NATURAL RESOURCES INC CALL CALL 18683K901 1 15,000 CALL SOLE NONE CLIFFS NATURAL RESOURCES INC PUT PUT 18683K951 11 19,000 PUT SOLE NONE CLIFFS NATURAL RESOURCES INC PUT PUT 18683K951 184 83,000 PUT SOLE NONE CLIFFS NATURAL RESOURCES INC PUT PUT 18683K951 343 88,000 PUT SOLE NONE CONOCOPHILLIPS CALL CALL 20825C904 63 16,000 CALL SOLE NONE CONOCOPHILLIPS CALL CALL 20825C904 320 159,000 CALL SOLE NONE CONOCOPHILLIPS CALL CALL 20825C904 71 88,000 CALL SOLE NONE CONOCOPHILLIPS CALL CALL 20825C904 48 10,000 CALL SOLE NONE CONOCOPHILLIPS CALL CALL 20825C904 230 77,000 CALL SOLE NONE CONOCOPHILLIPS CALL CALL 20825C904 373 217,000 CALL SOLE NONE CONOCOPHILLIPS PUT PUT 20825C954 10 37,000 PUT SOLE NONE CONOCOPHILLIPS PUT PUT 20825C954 35 73,000 PUT SOLE NONE CONOCOPHILLIPS PUT PUT 20825C954 96 107,000 PUT SOLE NONE CONOCOPHILLIPS PUT PUT 20825C954 130 118,000 PUT SOLE NONE CONOCOPHILLIPS PUT PUT 20825C954 323 205,000 PUT SOLE NONE CHEVRON CORP NEW CALL CALL 166764900 551 150,000 CALL SOLE NONE CHEVRON CORP NEW CALL CALL 166764900 331 160,000 CALL SOLE NONE CHEVRON CORP NEW CALL CALL 166764900 733 100,000 CALL SOLE NONE
------------------------------------------------------------------------------------------------------------------------------------ Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Shares or Title of Value Principal SH/ PUT/ Investment Other Voting Authority Name of Issuer Class Cusip (x$1,000) Amount PRN CALL Discretion Managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ CHEVRON CORP NEW CALL CALL 166764900 1,173 301,000 CALL SOLE NONE CHEVRON CORP NEW CALL CALL 166764900 64 41,000 CALL SOLE NONE CHEVRON CORP NEW CALL CALL 166764900 6 14,000 CALL SOLE NONE CHEVRON CORP NEW CALL CALL 166764900 263 30,000 CALL SOLE NONE CHEVRON CORP NEW PUT PUT 166764950 234 140,000 PUT SOLE NONE CHEVRON CORP NEW PUT PUT 166764950 257 105,000 PUT SOLE NONE CHEVRON CORP NEW PUT PUT 166764950 15 13,000 PUT SOLE NONE CHEVRON CORP NEW PUT PUT 166764950 446 310,000 PUT SOLE NONE CHEVRON CORP NEW PUT PUT 166764950 143 30,000 PUT SOLE NONE DOMINION RES INC VA NEW CALL CALL 25746U909 290 125,000 CALL SOLE NONE DOMINION RES INC VA NEW CALL CALL 25746U909 26 32,000 CALL SOLE NONE DOMINION RES INC VA NEW PUT PUT 25746U959 80 119,000 PUT SOLE NONE DOMINION RES INC VA NEW PUT PUT 25746U959 51 42,000 PUT SOLE NONE DU PONT E I DE NEMOURS & CO CALL CALL 263534909 35 200,000 CALL SOLE NONE DU PONT E I DE NEMOURS & CO PUT PUT 263534959 427 200,000 PUT SOLE NONE DOW CHEM CO CALL CALL 260543903 249 380,000 CALL SOLE NONE DOW CHEM CO PUT PUT 260543953 454 380,000 PUT SOLE NONE ISHARES INC CALL CALL 464286903 300 400,000 CALL SOLE NONE ISHARES INC PUT PUT 464286953 400 400,000 PUT SOLE NONE ISHARES INC PUT PUT 464286950 1,479 600,000 PUT SOLE NONE EXELON CORP PUT PUT 30161N951 16 25,000 PUT SOLE NONE FREEPORT-MCMORAN COPPER & GO CALL CALL 35671D907 173 150,000 CALL SOLE NONE FREEPORT-MCMORAN COPPER & GO CALL CALL 35671D907 4 71,000 CALL SOLE NONE FREEPORT-MCMORAN COPPER & GO CALL CALL 35671D907 1 20,000 CALL SOLE NONE FREEPORT-MCMORAN COPPER & GO CALL CALL 35671D907 254 200,000 CALL SOLE NONE FREEPORT-MCMORAN COPPER & GO PUT PUT 35671D957 57 50,000 PUT SOLE NONE FREEPORT-MCMORAN COPPER & GO PUT PUT 35671D957 278 150,000 PUT SOLE NONE FREEPORT-MCMORAN COPPER & GO PUT PUT 35671D957 167 20,000 PUT SOLE NONE FREEPORT-MCMORAN COPPER & GO PUT PUT 35671D957 732 71,000 PUT SOLE NONE FREEPORT-MCMORAN COPPER & GO PUT PUT 35671D957 346 200,000 PUT SOLE NONE MARKET VECTORS ETF TR CALL CALL 57060U900 115 151,000 CALL SOLE NONE MARKET VECTORS ETF TR CALL CALL 57060U900 396 145,000 CALL SOLE NONE MARKET VECTORS ETF TR CALL CALL 57060U900 404 179,000 CALL SOLE NONE MARKET VECTORS ETF TR CALL CALL 57060U900 266 144,000 CALL SOLE NONE MARKET VECTORS ETF TR PUT PUT 57060U950 2,906 250,000 PUT SOLE NONE MARKET VECTORS ETF TR PUT PUT 57060U950 32 16,000 PUT SOLE NONE MARKET VECTORS ETF TR PUT PUT 57060U950 45 18,000 PUT SOLE NONE MARKET VECTORS ETF TR PUT PUT 57060U950 113 39,000 PUT SOLE NONE MARKET VECTORS ETF TR PUT PUT 57060U950 254 63,000 PUT SOLE NONE GOLD FIELDS LTD NEW PUT PUT 38059T956 325 500,000 PUT SOLE NONE
------------------------------------------------------------------------------------------------------------------------------------ Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Shares or Title of Value Principal SH/ PUT/ Investment Other Voting Authority Name of Issuer Class Cusip (x$1,000) Amount PRN CALL Discretion Managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ SPDR GOLD TRUST CALL CALL 78463V907 300 80,000 CALL SOLE NONE SPDR GOLD TRUST PUT PUT 78463V957 9,310 400,000 PUT SOLE NONE HALLIBURTON CO CALL CALL 406216901 125 70,000 CALL SOLE NONE HALLIBURTON CO CALL CALL 406216901 263 500,000 CALL SOLE NONE HALLIBURTON CO CALL CALL 406216901 1 42,000 CALL SOLE NONE HALLIBURTON CO CALL CALL 406216901 1 67,000 CALL SOLE NONE HALLIBURTON CO CALL CALL 406216901 2 68,000 CALL SOLE NONE HALLIBURTON CO CALL CALL 406216901 2 98,000 CALL SOLE NONE HALLIBURTON CO CALL CALL 406216901 0 16,000 CALL SOLE NONE HALLIBURTON CO CALL CALL 406216901 146 400,000 CALL SOLE NONE HALLIBURTON CO PUT PUT 406216951 231 70,000 PUT SOLE NONE HALLIBURTON CO PUT PUT 406216951 31 26,000 PUT SOLE NONE HALLIBURTON CO PUT PUT 406216951 65 35,000 PUT SOLE NONE HALLIBURTON CO PUT PUT 406216951 237 88,000 PUT SOLE NONE HALLIBURTON CO PUT PUT 406216951 312 86,000 PUT SOLE NONE HALLIBURTON CO PUT PUT 406216951 150 33,000 PUT SOLE NONE HALLIBURTON CO PUT PUT 406216951 2,220 600,000 PUT SOLE NONE INTL PAPER CO CALL CALL 460146903 26 15,000 CALL SOLE NONE INTL PAPER CO CALL CALL 460146903 147 114,000 CALL SOLE NONE INTL PAPER CO CALL CALL 460146903 188 209,000 CALL SOLE NONE INTL PAPER CO CALL CALL 460146903 39 66,000 CALL SOLE NONE INTL PAPER CO PUT PUT 460146953 265 200,000 PUT SOLE NONE INTL PAPER CO PUT PUT 460146953 137 81,000 PUT SOLE NONE INTL PAPER CO PUT PUT 460146953 261 123,000 PUT SOLE NONE CHENIERE ENERGY PARTNERS LP CALL CALL 16411Q901 160 200,000 CALL SOLE NONE CHENIERE ENERGY PARTNERS LP CALL CALL 16411Q901 221 226,000 CALL SOLE NONE CHENIERE ENERGY PARTNERS LP CALL CALL 16411Q901 49 75,000 CALL SOLE NONE CHENIERE ENERGY PARTNERS LP CALL CALL 16411Q901 61 26,000 CALL SOLE NONE CHENIERE ENERGY PARTNERS LP CALL CALL 16411Q901 80 44,000 CALL SOLE NONE CHENIERE ENERGY PARTNERS LP CALL CALL 16411Q901 42 30,000 CALL SOLE NONE CHENIERE ENERGY PARTNERS LP CALL CALL 16411Q901 130 130,000 CALL SOLE NONE CHENIERE ENERGY PARTNERS LP CALL CALL 16411Q901 63 85,000 CALL SOLE NONE CHENIERE ENERGY PARTNERS LP CALL CALL 16411Q901 520 200,000 CALL SOLE NONE CHENIERE ENERGY PARTNERS LP CALL CALL 16411Q901 1,088 500,000 CALL SOLE NONE CHENIERE ENERGY PARTNERS LP PUT PUT 16411Q951 450 90,000 PUT SOLE NONE CHENIERE ENERGY PARTNERS LP PUT PUT 16411Q951 71 43,000 PUT SOLE NONE CHENIERE ENERGY PARTNERS LP PUT PUT 16411Q951 246 117,000 PUT SOLE NONE CHENIERE ENERGY PARTNERS LP PUT PUT 16411Q951 80 30,000 PUT SOLE NONE CHENIERE ENERGY PARTNERS LP PUT PUT 16411Q951 316 96,000 PUT SOLE NONE CHENIERE ENERGY PARTNERS LP PUT PUT 16411Q951 613 500,000 PUT SOLE NONE
------------------------------------------------------------------------------------------------------------------------------------ Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Shares or Title of Value Principal SH/ PUT/ Investment Other Voting Authority Name of Issuer Class Cusip (x$1,000) Amount PRN CALL Discretion Managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ MOSAIC CO CALL CALL 61945A907 965 200,000 CALL SOLE NONE MOSAIC CO PUT PUT 61945A957 186 200,000 PUT SOLE NONE NEXTERA ENERGY INC CALL ADDED CALL 65339F901 323 49,000 CALL SOLE NONE NEXTERA ENERGY INC CALL ADDED CALL 65339F901 214 50,000 CALL SOLE NONE NEXTERA ENERGY INC CALL ADDED CALL 65339F901 51 22,000 CALL SOLE NONE NEXTERA ENERGY INC PUT ADDED PUT 65339F951 16 48,000 PUT SOLE NONE NEXTERA ENERGY INC PUT ADDED PUT 65339F951 53 118,000 PUT SOLE NONE NATIONAL OILWELL VARCO INC CALL CALL 637071901 3 68,000 CALL SOLE NONE NATIONAL OILWELL VARCO INC CALL CALL 637071901 1 29,000 CALL SOLE NONE NATIONAL OILWELL VARCO INC PUT PUT 637071951 87 17,000 PUT SOLE NONE NATIONAL OILWELL VARCO INC PUT PUT 637071951 294 27,000 PUT SOLE NONE NATIONAL OILWELL VARCO INC PUT PUT 637071951 145 11,000 PUT SOLE NONE NATIONAL OILWELL VARCO INC PUT PUT 637071951 181 11,000 PUT SOLE NONE SCHLUMBERGER LTD CALL CALL 806857908 298 100,000 CALL SOLE NONE SCHLUMBERGER LTD CALL CALL 806857908 18 68,000 CALL SOLE NONE SCHLUMBERGER LTD CALL CALL 806857908 403 200,000 CALL SOLE NONE SCHLUMBERGER LTD PUT PUT 806857958 532 174,000 PUT SOLE NONE SCHLUMBERGER LTD PUT PUT 806857958 675 200,000 PUT SOLE NONE SILVER WHEATON CORP CALL CALL 828336907 22 30,000 CALL SOLE NONE SILVER WHEATON CORP CALL CALL 828336907 191 93,000 CALL SOLE NONE SILVER WHEATON CORP CALL CALL 828336907 77 49,000 CALL SOLE NONE SILVER WHEATON CORP CALL CALL 828336907 219 179,000 CALL SOLE NONE SILVER WHEATON CORP PUT PUT 828336957 195 145,000 PUT SOLE NONE SILVER WHEATON CORP PUT PUT 828336957 310 177,000 PUT SOLE NONE SILVER WHEATON CORP PUT PUT 828336957 71 26,000 PUT SOLE NONE SILVER WHEATON CORP PUT PUT 828336957 50 15,000 PUT SOLE NONE SOUTHERN CO CALL CALL 842587907 53 40,000 CALL SOLE NONE SOUTHERN CO CALL CALL 842587907 11 14,000 CALL SOLE NONE SOUTHERN CO CALL CALL 842587907 8 18,000 CALL SOLE NONE SOUTHERN CO PUT PUT 842587957 10 13,000 PUT SOLE NONE SOUTHERN CO PUT PUT 842587957 29 28,000 PUT SOLE NONE SOUTHERN CO PUT PUT 842587957 32 24,000 PUT SOLE NONE SELECT SECTOR SPDR TR PUT PUT 81369Y950 639 20,000 PUT SOLE NONE SELECT SECTOR SPDR TR PUT PUT 81369Y950 2,625 50,000 PUT SOLE NONE SELECT SECTOR SPDR TR PUT PUT 81369Y950 51 112,000 PUT SOLE NONE SELECT SECTOR SPDR TR PUT PUT 81369Y950 442 108,000 PUT SOLE NONE ISHARES TR INDEX CALL CALL 464287902 146 15,000 CALL SOLE NONE ISHARES TR INDEX CALL CALL 464287902 49 13,000 CALL SOLE NONE ISHARES TR INDEX CALL CALL 464287902 110 32,000 CALL SOLE NONE ISHARES TR INDEX CALL CALL 464287902 12 5,000 CALL SOLE NONE
------------------------------------------------------------------------------------------------------------------------------------ Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Shares or Title of Value Principal SH/ PUT/ Investment Other Voting Authority Name of Issuer Class Cusip (x$1,000) Amount PRN CALL Discretion Managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ ISHARES TR INDEX CALL CALL 464287902 28 12,000 CALL SOLE NONE ISHARES TR INDEX PUT PUT 464287952 3 10,000 PUT SOLE NONE ISHARES TR INDEX PUT PUT 464287952 9 20,000 PUT SOLE NONE ISHARES TR INDEX PUT PUT 464287952 9 11,000 PUT SOLE NONE ISHARES TR INDEX PUT PUT 464287952 19 19,000 PUT SOLE NONE UNITED STATES NATL GAS FUND CALL CALL 912318902 2,209 750,000 CALL SOLE NONE UNITED STATES NATL GAS FUND CALL CALL 912318902 974 400,000 CALL SOLE NONE UNITED STATES NATL GAS FUND CALL CALL 912318902 1,796 900,000 CALL SOLE NONE UNITED STATES NATL GAS FUND PUT PUT 912318952 117 230,000 PUT SOLE NONE UNITED STATES NATL GAS FUND PUT PUT 912318952 402 400,000 PUT SOLE NONE UNITED STATES NATL GAS FUND PUT PUT 912318952 1,220 900,000 PUT SOLE NONE UNITED STATES NATL GAS FUND PUT PUT 912318952 1,320 750,000 PUT SOLE NONE UNITED STATES NATL GAS FUND PUT PUT 912318952 101 120,000 PUT SOLE NONE UNITED STATES OIL FUND LP CALL CALL 91232N908 61 15,000 CALL SOLE NONE UNITED STATES OIL FUND LP CALL CALL 91232N908 87 25,000 CALL SOLE NONE UNITED STATES OIL FUND LP CALL CALL 91232N908 143 48,000 CALL SOLE NONE UNITED STATES OIL FUND LP CALL CALL 91232N908 178 70,000 CALL SOLE NONE UNITED STATES OIL FUND LP CALL CALL 91232N908 256 120,000 CALL SOLE NONE UNITED STATES OIL FUND LP CALL CALL 91232N908 131 74,000 CALL SOLE NONE UNITED STATES OIL FUND LP CALL CALL 91232N908 53 36,000 CALL SOLE NONE UNITED STATES OIL FUND LP CALL CALL 91232N908 55 45,000 CALL SOLE NONE UNITED STATES OIL FUND LP CALL CALL 91232N908 57 16,000 CALL SOLE NONE UNITED STATES OIL FUND LP CALL CALL 91232N908 66 31,000 CALL SOLE NONE UNITED STATES OIL FUND LP PUT PUT 91232N958 21 24,000 PUT SOLE NONE UNITED STATES OIL FUND LP PUT PUT 91232N958 89 81,000 PUT SOLE NONE UNITED STATES OIL FUND LP PUT PUT 91232N958 194 145,000 PUT SOLE NONE UNITED STATES OIL FUND LP PUT PUT 91232N958 259 159,000 PUT SOLE NONE UNITED STATES OIL FUND LP PUT PUT 91232N958 45 23,000 PUT SOLE NONE UNITED STATES OIL FUND LP PUT PUT 91232N958 5 10,000 PUT SOLE NONE UNITED STATES OIL FUND LP PUT PUT 91232N958 28 39,000 PUT SOLE NONE WILLIAMS COS INC DEL CALL CALL 969457900 7 19,000 CALL SOLE NONE WILLIAMS COS INC DEL CALL CALL 969457900 4 21,000 CALL SOLE NONE WILLIAMS COS INC DEL CALL CALL 969457900 6 76,000 CALL SOLE NONE WILLIAMS COS INC DEL CALL CALL 969457900 3 56,000 CALL SOLE NONE WILLIAMS COS INC DEL CALL CALL 969457900 93 200,000 CALL SOLE NONE WILLIAMS COS INC DEL CALL CALL 969457900 62 200,000 CALL SOLE NONE WILLIAMS COS INC DEL PUT PUT 969457950 18 32,000 PUT SOLE NONE WILLIAMS COS INC DEL PUT PUT 969457950 36 43,000 PUT SOLE NONE WILLIAMS COS INC DEL PUT PUT 969457950 87 70,000 PUT SOLE NONE WILLIAMS COS INC DEL PUT PUT 969457950 46 25,000 PUT SOLE NONE
------------------------------------------------------------------------------------------------------------------------------------ Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Shares or Title of Value Principal SH/ PUT/ Investment Other Voting Authority Name of Issuer Class Cusip (x$1,000) Amount PRN CALL Discretion Managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ WILLIAMS COS INC DEL PUT PUT 969457950 65 23,000 PUT SOLE NONE WILLIAMS COS INC DEL PUT PUT 969457950 286 200,000 PUT SOLE NONE WILLIAMS COS INC DEL PUT PUT 969457950 685 200,000 PUT SOLE NONE SELECT SECTOR SPDR TR CALL CALL 81369Y900 68 98,000 CALL SOLE NONE SELECT SECTOR SPDR TR CALL CALL 81369Y900 38 95,000 CALL SOLE NONE SELECT SECTOR SPDR TR CALL CALL 81369Y900 9 66,000 CALL SOLE NONE SELECT SECTOR SPDR TR PUT PUT 81369Y950 133 161,000 PUT SOLE NONE SELECT SECTOR SPDR TR PUT PUT 81369Y950 192 72,000 PUT SOLE NONE SELECT SECTOR SPDR TR CALL CALL 81369Y906 1,198 400,000 CALL SOLE NONE SELECT SECTOR SPDR TR PUT PUT 81369Y956 595 500,000 PUT SOLE NONE EXXON MOBIL CORP CALL CALL 30231G902 304 50,000 CALL SOLE NONE EXXON MOBIL CORP CALL CALL 30231G902 325 200,000 CALL SOLE NONE EXXON MOBIL CORP CALL CALL 30231G902 61 127,000 CALL SOLE NONE EXXON MOBIL CORP CALL CALL 30231G902 2 17,000 CALL SOLE NONE EXXON MOBIL CORP CALL CALL 30231G902 335 100,000 CALL SOLE NONE EXXON MOBIL CORP CALL CALL 30231G902 58 28,000 CALL SOLE NONE EXXON MOBIL CORP CALL CALL 30231G902 23 20,000 CALL SOLE NONE EXXON MOBIL CORP PUT PUT 30231G952 160 50,000 PUT SOLE NONE EXXON MOBIL CORP PUT PUT 30231G952 5 190,000 PUT SOLE NONE EXXON MOBIL CORP PUT PUT 30231G952 11 100,000 PUT SOLE NONE EXXON MOBIL CORP PUT PUT 30231G952 3 13,000 PUT SOLE NONE EXXON MOBIL CORP PUT PUT 30231G952 43 102,000 PUT SOLE NONE EXXON MOBIL CORP PUT PUT 30231G952 246 237,000 PUT SOLE NONE EXXON MOBIL CORP PUT PUT 30231G952 17 17,000 PUT SOLE NONE EXXON MOBIL CORP PUT PUT 30231G952 147 115,000 PUT SOLE NONE EXXON MOBIL CORP PUT PUT 30231G952 26 15,000 PUT SOLE NONE EXXON MOBIL CORP PUT PUT 30231G952 1,013 300,000 PUT SOLE NONE ALCOA INC COM COM 013817101 3,997 457,000 SH SOLE NONE AK STL HLDG CORP COM COM 001547108 327 56,000 SH SOLE NONE JPMORGAN CHASE & CO ALERIAN ML ETN COM 46625H365 3,745 97,000 SH SOLE NONE ANADARKO PETE CORP COM COM 032511107 6,024 91,000 SH SOLE NONE BALTIC TRADING LIMITED COM COM Y0553W103 1,376 400,000 SH SOLE NONE BUNGE LIMITED COM COM G16962105 1,631 26,000 SH SOLE NONE SEACOR HOLDINGS INC COM COM 811904101 4,469 50,000 SH SOLE NONE CLIFFS NATURAL RESOURCES INC COM COM 18683K101 12,064 245,000 SH SOLE NONE COSTAMARE INC SHS COM Y1771G102 3,753 270,000 SH SOLE NONE CONOCOPHILLIPS COM COM 20825C104 559 10,000 SH SOLE NONE CAPITAL PRODUCT PARTNERS L P COM UNIT LP COM Y11082107 7,106 940,000 SH SOLE NONE DOMINION RES INC VA NEW COM COM 25746U109 594 11,000 SH SOLE NONE DU PONT E I DE NEMOURS & CO COM COM 263534109 6,999 138,000 SH SOLE NONE
------------------------------------------------------------------------------------------------------------------------------------ Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Shares or Title of Value Principal SH/ PUT/ Investment Other Voting Authority Name of Issuer Class Cusip (x$1,000) Amount PRN CALL Discretion Managers Sole Shared None ------------------------------------------------------------------------------------------------------------------------------------ DRYSHIPS INC SHS COM Y2109Q101 4,380 2,000,000 SH SOLE NONE ISHARES INC MSCI AUSTRALIA COM 464286103 1,945 89,000 SH SOLE NONE EXELON CORP COM COM 30161N101 702 19,000 SH SOLE NONE FREEPORT-MCMORAN COPPER & GO COM COM 35671D857 6,081 179,000 SH SOLE NONE GOLD FIELDS LTD NEW SPONSORED ADR COM 38059T106 1,934 151,000 SH SOLE NONE GULFMARK OFFSHORE INC CL A NEW COM 402629208 11,063 325,000 SH SOLE NONE GOLAR LNG LTD BERMUDA SHS COM G9456A100 14,326 380,000 SH SOLE NONE GENCO SHIPPING & TRADING LTD SHS COM Y2685T107 6,588 2,160,000 SH SOLE NONE HALLIBURTON CO COM COM 406216101 13,279 468,000 SH SOLE NONE INTL PAPER CO COM COM 460146103 925 32,000 SH SOLE NONE KIRBY CORP COM COM 497266106 7,062 150,000 SH SOLE NONE KINROSS GOLD CORP COM NO PAR COM 496902404 629 77,000 SH SOLE NONE NORDIC AMERICAN TANKER SHIPP COM COM G65773106 2,307 170,000 SH SOLE NONE NAVIOS MARITIME HOLDINGS INC COM COM Y62196103 4,150 1,250,000 SH SOLE NONE NAVIOS MARITIME PARTNERS L P UNIT LPI COM Y62267102 12,027 885,000 SH SOLE NONE NATIONAL OILWELL VARCO INC COM COM 637071101 3,565 55,000 SH SOLE NONE NUCOR CORP COM COM 670346105 4,089 108,000 SH SOLE NONE OVERSEAS SHIPHOLDING GROUP I COM COM 690368105 7,777 700,000 SH SOLE NONE SAFE BULKERS INC COM COM Y7388L103 475 77,000 SH SOLE NONE SCHLUMBERGER LTD COM COM 806857108 6,024 93,000 SH SOLE NONE STEEL DYNAMICS INC COM COM 858119100 5,091 433,000 SH SOLE NONE SCORPIO TANKERS INC SHS ADDED COM Y7542C106 1,278 200,000 SH SOLE NONE TAL INTL GROUP INC COM COM 874083108 1,815 54,000 SH SOLE NONE TIDEWATER INC COM COM 886423102 10,524 227,000 SH SOLE NONE TSAKOS ENERGY NAVIGATION LTD SHS COM G9108L108 1,753 360,000 SH SOLE NONE TEEKAY OFFSHORE PARTNERS L P PARTNERSHIP UN COM Y8565J101 7,809 279,000 SH SOLE NONE WILLIAMS COS INC DEL COM COM 969457100 6,199 215,000 SH SOLE NONE UNITED STATES STL CORP NEW COM COM 912909108 7,658 372,000 SH SOLE NONE SELECT SECTOR SPDR TR SBI MATERIALS COM 81369Y100 2,428 69,000 SH SOLE NONE EXXON MOBIL CORP COM COM 30231G102 12,868 150,000 SH SOLE NONE BHP BILLITON LTD SPONSORED ADR COM 088606108 6,831 105,000 SH SOLE NONE RIO TINTO PLC SPONSORED ADR COM 767204100 6,475 135,000 SH SOLE NONE VALE S A ADR COM 91912E105 8,362 421,000 SH SOLE NONE