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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBOTT LABS COM 002824100   148 20,000 SH Call OTR 1 2 0 20,000 0
ACE LTD SHS H0023R105   103 996 SH   OTR 1 2 0 996 0
ACE LTD SHS H0023R105   222 16,600 SH Call OTR 1 2 0 16,600 0
ALLIED WRLD ASSUR COM HLDG A SHS H01531104   282 2,500 SH   OTR 1 2 0 2,500 0
ALLSTATE CORP COM 020002101   415 7,600 SH   OTR 1 2 0 7,600 0
ALLSTATE CORP COM 020002101   168 20,000 SH Call OTR 1 2 0 20,000 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156   9 442 SH   OTR 1 2 0 442 0
AMERICAN INTL GROUP INC COM NEW 026874784   384 7,520 SH   OTR 1 2 0 7,520 0
AMERICAN INTL GROUP INC COM NEW 026874784   543 35,000 SH Call OTR 1 2 0 35,000 0
AT&T INC COM 00206R102   256 7,295 SH   OTR 1 2 0 7,295 0
BANK NEW YORK MELLON CORP COM 064058100   70 2,000 SH   OTR 1 2 0 2,000 0
BANK NEW YORK MELLON CORP COM 064058100   176 30,000 SH Call OTR 1 2 0 30,000 0
BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146   474 73,241 SH   OTR 1 2 0 73,241 0
BANK OF AMERICA CORPORATION COM 060505104   5,858 376,259 SH   OTR 1 2 0 376,259 0
BANK OF AMERICA CORPORATION COM 060505104   1,366 192,400 SH Call OTR 1 2 0 192,400 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711   98 47,100 SH Call OTR 1 2 0 47,100 0
BB&T CORP COM 054937107   2,338 62,656 SH   OTR 1 2 0 62,656 0
BB&T CORP COM 054937107   343 46,100 SH Call OTR 1 2 0 46,100 0
BBCN BANCORP INC COM 073295107   331 19,981 SH   OTR 1 2 0 19,981 0
BECTON DICKINSON & CO COM 075887109   221 2,000 SH   OTR 1 2 0 2,000 0
BRISTOL MYERS SQUIBB CO COM 110122108   149 2,800 SH   OTR 1 2 0 2,800 0
BRISTOL MYERS SQUIBB CO COM 110122108   139 10,000 SH Call OTR 1 2 0 10,000 0
BROOKLINE BANCORP INC DEL COM 11373M107   272 28,505 SH   OTR 1 2 0 28,505 0
C&J ENERGY SVCS INC COM 12467B304   266 11,500 SH   OTR 1 2 0 11,500 0
CAPITAL ONE FINL CORP *W EXP 11/14/201 14040H139   3,347 94,430 SH   OTR 1 2 0 94,430 0
CAPITAL ONE FINL CORP COM 14040H105   1,747 22,810 SH   OTR 1 2 0 22,810 0
CERUS CORP COM 157085101   109 16,837 SH   OTR 1 2 0 16,837 0
CISCO SYS INC COM 17275R102   37 10,000 SH Call OTR 1 2 0 10,000 0
CIT GROUP INC COM NEW 125581801   839 16,100 SH   OTR 1 2 0 16,100 0
CIT GROUP INC COM NEW 125581801   92 10,000 SH Call OTR 1 2 0 10,000 0
CITIGROUP INC COM NEW 172967424   1,865 35,785 SH   OTR 1 2 0 35,785 0
CITIGROUP INC COM NEW 172967424   838 55,800 SH Call OTR 1 2 0 55,800 0
CNO FINL GROUP INC COM 12621E103   5,213 294,671 SH   OTR 1 2 0 294,671 0
COMERICA INC *W EXP 11/14/201 200340115   1,822 95,642 SH   OTR 1 2 0 95,642 0
COMERICA INC COM 200340107   421 8,850 SH   OTR 1 2 0 8,850 0
CONNECTONE BANCORP INC COM 20786U101   396 10,000 SH   OTR 1 2 0 10,000 0
DISCOVER FINL SVCS COM 254709108   448 8,000 SH   OTR 1 2 0 8,000 0
DISCOVER FINL SVCS COM 254709108   359 27,000 SH Call OTR 1 2 0 27,000 0
EASTERN VA BANKSHARES INC COM 277196101   112 16,000 SH   OTR 1 2 0 16,000 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106   387 6,600 SH   OTR 1 2 0 6,600 0
ENTERPRISE FINL SVCS CORP COM 293712105   679 33,249 SH   OTR 1 2 0 33,249 0
ESSA BANCORP INC COM 29667D104   233 20,179 SH   OTR 1 2 0 20,179 0
FACEBOOK INC CL A 30303M102   574 10,500 SH   OTR 1 2 0 10,500 0
FACEBOOK INC CL A 30303M102   74 5,000 SH Put OTR 1 2 0 5,000 0
FIFTH THIRD BANCORP COM 316773100   1,859 88,386 SH   OTR 1 2 0 88,386 0
FIFTH THIRD BANCORP COM 316773100   302 56,000 SH Call OTR 1 2 0 56,000 0
FIRST CLOVER LEAF FIN CORP COM 31969M105   174 17,752 SH   OTR 1 2 0 17,752 0
FIRST FINL HLDGS INC NEW COM 32023E105   2,184 32,836 SH   OTR 1 2 0 32,836 0
FIRST NIAGARA FINL GP INC COM 33582V108   114 10,725 SH   OTR 1 2 0 10,725 0
GENIE ENERGY LTD CL B 372284208   365 35,739 SH   OTR 1 2 0 35,739 0
GOLDMAN SACHS GROUP INC COM 38141G104   278 7,400 SH Call OTR 1 2 0 7,400 0
HAMPTON ROADS BANKSHARES INC COM NEW 409321502   785 448,510 SH   OTR 1 2 0 448,510 0
HANCOCK HLDG CO COM 410120109   1,162 31,683 SH   OTR 1 2 0 31,683 0
HANMI FINL CORP COM NEW 410495204   426 19,473 SH   OTR 1 2 0 19,473 0
HANOVER INS GROUP INC COM 410867105   778 13,026 SH   OTR 1 2 0 13,026 0
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120   1,375 49,955 SH   OTR 1 2 0 49,955 0
HOLOGIC INC COM 436440101   52 11,000 SH Call OTR 1 2 0 11,000 0
HUDSON CITY BANCORP COM 443683107   168 17,764 SH   OTR 1 2 0 17,764 0
HUDSON VALLEY HOLDING CORP COM 444172100   660 32,443 SH   OTR 1 2 0 32,443 0
HUNTINGTON BANCSHARES INC COM 446150104   717 74,330 SH   OTR 1 2 0 74,330 0
HUNTSMAN CORP COM 447011107   107 15,000 SH Call OTR 1 2 0 15,000 0
IMPAC MTG HLDGS INC COM NEW 45254P508   576 96,365 SH   OTR 1 2 0 96,365 0
INVENSENSE INC COM 46123D205   89 10,000 SH Call OTR 1 2 0 10,000 0
INVESTORS BANCORP INC COM 46146P102   1,557 60,871 SH   OTR 1 2 0 60,871 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114   2,254 116,220 PRN   OTR 1 2 0 116,220 0
JPMORGAN CHASE & CO COM 46625H100   1,207 20,634 SH   OTR 1 2 0 20,634 0
JPMORGAN CHASE & CO COM 46625H100   1,074 85,500 SH Call OTR 1 2 0 85,500 0
KEYCORP NEW COM 493267108   2,284 170,201 SH   OTR 1 2 0 170,201 0
KEYCORP NEW COM 493267108   189 30,000 SH Call OTR 1 2 0 30,000 0
KULICKE & SOFFA INDS INC COM 501242101   185 13,900 SH   OTR 1 2 0 13,900 0
LEADING BRANDS INC COM NEW 52170U207   772 199,414 SH   OTR 1 2 0 199,414 0
LEGG MASON INC COM 524901105   357 8,200 SH   OTR 1 2 0 8,200 0
LENNAR CORP CL A 526057104   261 6,600 SH   OTR 1 2 0 6,600 0
LINCOLN NATL CORP IND COM 534187109   341 6,600 SH   OTR 1 2 0 6,600 0
M & T BK CORP *W EXP 12/23/201 55261F112   3,055 71,054 SH   OTR 1 2 0 71,054 0
MADISON SQUARE GARDEN CO CL A 55826P100   211 3,667 SH   OTR 1 2 0 3,667 0
MERCK & CO INC NEW COM 58933Y105   261 25,000 SH Call OTR 1 2 0 25,000 0
MERIDIAN INTERSTAT BANCORP I COM 58964Q104   338 14,985 SH   OTR 1 2 0 14,985 0
METLIFE INC COM 59156R108   445 34,400 SH Call OTR 1 2 0 34,400 0
METLIFE INC COM 59156R108   824 15,280 SH   OTR 1 2 0 15,280 0
MICROSOFT CORP COM 594918104   144 20,000 SH Call OTR 1 2 0 20,000 0
MIDSOUTH BANCORP INC COM 598039105   251 14,042 SH   OTR 1 2 0 14,042 0
MONARCH FINANCIAL HOLDINGS I COM 60907Q100   362 29,420 SH   OTR 1 2 0 29,420 0
MORGAN STANLEY COM NEW 617446448   418 13,315 SH   OTR 1 2 0 13,315 0
MORGAN STANLEY COM NEW 617446448   468 32,700 SH Call OTR 1 2 0 32,700 0
NBT BANCORP INC COM 628778102   1,399 53,997 SH   OTR 1 2 0 53,997 0
NORTHWEST BANCSHARES INC MD COM 667340103   1,880 127,217 SH   OTR 1 2 0 127,217 0
PARTNERRE LTD COM G6852T105   713 6,761 SH   OTR 1 2 0 6,761 0
PATRIOT NATL BANCORP INC COM 70336F104   25 24,285 SH   OTR 1 2 0 24,285 0
PEOPLES FINL CORP MISS COM 71103B102   274 21,000 SH   OTR 1 2 0 21,000 0
PEOPLES UNITED FINANCIAL INC COM 712704105   1,468 97,075 SH   OTR 1 2 0 97,075 0
PNC FINL SVCS GROUP INC *W EXP 12/31/201 693475121   211 11,890 SH   OTR 1 2 0 11,890 0
PNC FINL SVCS GROUP INC COM 693475105   3,597 46,366 SH   OTR 1 2 0 46,366 0
PNC FINL SVCS GROUP INC COM 693475105   209 12,000 SH Call OTR 1 2 0 12,000 0
POPULAR INC COM NEW 733174700   59 15,000 SH Call OTR 1 2 0 15,000 0
POPULAR INC COM NEW 733174700   558 19,430 SH   OTR 1 2 0 19,430 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106   1,099 34,300 SH   OTR 1 2 0 34,300 0
REGIONS FINL CORP NEW COM 7591EP100   704 71,191 SH   OTR 1 2 0 71,191 0
REGIONS FINL CORP NEW COM 7591EP100   409 169,100 SH Call OTR 1 2 0 169,100 0
RITE AID CORP COM 767754104   723 142,890 SH   OTR 1 2 0 142,890 0
SEACOAST BKG CORP FLA COM NEW 811707801   1,092 89,490 SH   OTR 1 2 0 89,490 0
SOUTHCOAST FINANCIAL CORP COM 84129R100   133 23,000 SH   OTR 1 2 0 23,000 0
SOUTHERN NATL BANCORP OF VA COM 843395104   1,690 168,875 SH   OTR 1 2 0 168,875 0
STATE STR CORP COM 857477103   448 6,100 SH   OTR 1 2 0 6,100 0
SUNTRUST BKS INC *W EXP 12/31/201 867914129   72 7,354 SH   OTR 1 2 0 7,354 0
SUNTRUST BKS INC COM 867914103   1,009 27,418 SH   OTR 1 2 0 27,418 0
SUNTRUST BKS INC COM 867914103   99 10,000 SH Call OTR 1 2 0 10,000 0
SUSQUEHANNA BANCSHARES INC P COM 869099101   496 38,647 SH   OTR 1 2 0 38,647 0
SYNOVUS FINL CORP COM 87161C105   1,282 356,022 SH   OTR 1 2 0 356,022 0
TALISMAN ENERGY INC COM 87425E103   43 20,000 SH Call OTR 1 2 0 20,000 0
TAYLOR CAP GROUP INC COM 876851106   13,765 517,888 SH   OTR 1 2 0 517,888 0
TOTAL SYS SVCS INC COM 891906109   16 477 SH   OTR 1 2 0 477 0
TOTAL SYS SVCS INC COM 891906109   103 10,000 SH Call OTR 1 2 0 10,000 0
TRAVELERS COMPANIES INC COM 89417E109   109 1,200 SH   OTR 1 2 0 1,200 0
TRAVELERS COMPANIES INC COM 89417E109   233 15,000 SH Call OTR 1 2 0 15,000 0
UNITED FINANCIAL BANCORP INC COM 91030T109   686 36,323 SH   OTR 1 2 0 36,323 0
UNITED PARCEL SERVICE INC CL B 911312106   41 2,000 SH Call OTR 1 2 0 2,000 0
UNITED PARCEL SERVICE INC CL B 911312106   210 2,000 SH   OTR 1 2 0 2,000 0
US BANCORP DEL COM NEW 902973304   1,002 24,800 SH   OTR 1 2 0 24,800 0
WATERSTONE FINANCIAL INC COM 941888109   168 15,100 SH   OTR 1 2 0 15,100 0
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119   420 26,400 SH   OTR 1 2 0 26,400 0
WELLS FARGO & CO NEW COM 949746101   255 5,619 SH   OTR 1 2 0 5,619 0
WELLS FARGO & CO NEW COM 949746101   493 60,000 SH Call OTR 1 2 0 60,000 0
XEROX CORP COM 984121103   155 12,700 SH   OTR 1 2 0 12,700 0
XEROX CORP COM 984121103   47 15,000 SH Call OTR 1 2 0 15,000 0
YOU ON DEMAND HLDGS INC COM NEW 98741R207   79 35,150 SH   OTR 1 2 0 35,150 0