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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M CO COM 88579Y101 654 7,076 SH   DFND 7,076 0 0
ABBOTT LABORATORIES COM 002824100 5 75 SH   DFND 48 75 0 0
ALCOA INC COM 013817101 24 2,666 SH Put DFND 2,666 0 0
ALCOA INC COM 013817101 753 85,000 SH   DFND 85,000 0 0
AMAZON.COM INC COM 023135106 51 200 SH Put DFND 200 0 0
AT&T INC COM 00206R102 11 294 SH Put DFND 294 0 0
AT&T INC COM 00206R102 446 11,827 SH Put DFND 11,827 0 0
AVON PRODUCTS INC COM 054303102 6 400 SH Put DFND 48 400 0 0
BANK OF AMERICA CORP COM 060505104 20 2,250 SH Put DFND 2,250 0 0
BANK OF AMERICA CORP COM 060505104 80 9,108 SH Put DFND 9,108 0 0
BANK OF AMERICA CORP COM 060505104 8,564 969,819 SH   DFND 969,819 0 0
BERKSHIRE HATHAWAY INC-CL A CL A 084670108 6,768 51 SH   DFND 48 51 0 0
BERKSHIRE HATHAWAY INC-CL B CL B 084670702 122 1,388 SH Put DFND 48 1,388 0 0
BERKSHIRE HATHAWAY INC-CL B CL B 084670702 430 4,873 SH Put DFND 48 4,873 0 0
BERKSHIRE HATHAWAY INC-CL B CL B 084670702 15,703 178,043 SH   DFND 48 178,043 0 0
BLACKSTONE GROUP LP/THE COM 09253U108 23 1,640 SH Put DFND 1,640 0 0
BOSTON SCIENTIFIC CORP COM 101137107 26 4,530 SH Put DFND 48 4,530 0 0
BOSTON SCIENTIFIC CORP COM 101137107 6 1,000 SH Put DFND 48 1,000 0 0
BOSTON SCIENTIFIC CORP COM 101137107 181 31,463 SH   DFND 48 31,463 0 0
BP PLC-SPONS ADR SPON 055622104 18 424 SH Put DFND 424 0 0
BP PLC-SPONS ADR SPON 055622104 1,224 28,886 SH   DFND 28,886 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 98 2,900 SH Put DFND 2,900 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 5,549 164,412 SH   DFND 164,412 0 0
CARNIVAL CORP PAIR 143658300 42 1,150 SH Put DFND 1,150 0 0
CARNIVAL CORP PAIR 143658300 746 20,464 SH   DFND 20,464 0 0
CATERPILLAR INC COM 149123101 0 2 SH Put DFND 2 0 0
CATERPILLAR INC COM 149123101 86 1,000 SH Put DFND 48 1,000 0 0
CATERPILLAR INC COM 149123101 9 100 SH   DFND 100 0 0
CISCO SYSTEMS INC COM 17275R102 136 7,115 SH Put DFND 7,115 0 0
CISCO SYSTEMS INC COM 17275R102 34 1,788 SH Put DFND 1,788 0 0
CISCO SYSTEMS INC COM 17275R102 791 41,435 SH   DFND 41,435 0 0
CITIGROUP INC COM 172967424 126 3,842 SH Put DFND 3,842 0 0
CITIGROUP INC COM 172967424 522 15,961 SH Put DFND 15,961 0 0
CITIGROUP INC COM 172967424 4 128 SH Put DFND 48 128 0 0
CITIGROUP INC COM 172967424 11,055 337,880 SH   DFND 337,880 0 0
COCA-COLA CO/THE COM 191216100 2 60 SH Put DFND 60 0 0
DELL INC COM 24702R101 20 2,000 SH Put DFND 2,000 0 0
DIREXION DAILY FINL BEAR 3X ETP 25459W144 23 1,248 SH Put DFND 1,248 0 0
Direxion Daily Small Cap Bear 3x DLY 25459W110 17 1,111 SH Put DFND 1,111 0 0
Direxion Daily Small Cap Bear 3x DLY 25459W110 387 26,000 SH   DFND 26,000 0 0
ELI LILLY & CO COM 532457108 37 785 SH   DFND 785 0 0
EXXON MOBIL CORP COM 30231G102 38 415 SH Put DFND 415 0 0
EXXON MOBIL CORP COM 30231G102 1 10 SH Put DFND 10 0 0
FINANCIAL SELECT SECTOR SPDR SBI 81369Y605 145 9,300 SH Put DFND 9,300 0 0
FORD MOTOR CO COM 345370860 22 2,204 SH Put DFND 2,204 0 0
FORD MOTOR CO COM 345370860 4,417 447,958 SH   DFND 447,958 0 0
FREEPORT-MCMORAN INC COM 35671D857 91 2,310 SH Put DFND 2,310 0 0
GENERAL ELECTRIC CO COM 369604103 7 300 SH Put DFND 300 0 0
GENERAL ELECTRIC CO COM 369604103 25 1,100 SH Put DFND 48 1,100 0 0
GENERAL ELECTRIC CO COM 369604103 62 2,750 SH Put DFND 2,750 0 0
GENERAL ELECTRIC CO COM 369604103 236 10,385 SH Put DFND 48 10,385 0 0
GENERAL ELECTRIC CO COM 369604103 273 12,000 SH   DFND 48 12,000 0 0
GENERAL MOTORS CO COM 37045V100 85 3,750 SH Put DFND 3,750 0 0
GENERAL MOTORS CO COM 37045V100 4,896 215,200 SH   DFND 215,200 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2 17 SH Put DFND 17 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 0 4 SH Put DFND 4 0 0
HEWLETT-PACKARD CO COM 428236103 83 4,855 SH Put DFND 4,855 0 0
HEWLETT-PACKARD CO COM 428236103 0 11 SH Put DFND 11 0 0
HOME DEPOT INC COM 437076102 1,570 26,000 SH   DFND 26,000 0 0
INTEL CORP COM 458140100 61 2,677 SH Put DFND 2,677 0 0
INTEL CORP COM 458140100 207 9,150 SH Put DFND 9,150 0 0
IPATH S&P 500 VIX S/T FU ETN IPTH 06740C261 30 3,333 SH Put DFND 3,333 0 0
IPATH S&P 500 VIX S/T FU ETN IPTH 06740C261 400 44,400 SH   DFND 44,400 0 0
ISHARES MSCI EAFE ETF MSCI 464287465 1,690 31,882 SH Put DFND 48 31,882 0 0
ISHARES MSCI EAFE ETF MSCI 464287465 910 17,162 SH Put DFND 48 17,162 0 0
ISHARES MSCI EAFE ETF MSCI 464287465 14,257 269,000 SH   DFND 48 269,000 0 0
ISHARES MSCI EMERGING MARKET MSCI 464287234 951 23,001 SH Put DFND 48 23,001 0 0
ISHARES MSCI EMERGING MARKET MSCI 464287234 1,980 47,920 SH Put DFND 48 47,920 0 0
ISHARES MSCI EMERGING MARKET MSCI 464287234 32,656 790,217 SH   DFND 48 790,217 0 0
ISHARES RUSSELL 2000 ETF RUSS 464287655 1 11 SH Put DFND 48 11 0 0
ISHARES RUSSELL 2000 ETF RUSS 464287655 209 2,500 SH Put DFND 48 2,500 0 0
JOHNSON & JOHNSON COM 478160104 73 1,054 SH Put DFND 1,054 0 0
JOHNSON & JOHNSON COM 478160104 90 1,300 SH Put DFND 1,300 0 0
JOHNSON & JOHNSON COM 478160104 1,365 19,806 SH   DFND 19,806 0 0
JPMORGAN CHASE & CO COM 46625H100 163 4,028 SH Put DFND 4,028 0 0
JPMORGAN CHASE & CO COM 46625H100 303 7,494 SH Put DFND 7,494 0 0
JPMORGAN CHASE & CO COM 46625H100 18,629 460,193 SH   DFND 460,193 0 0
LENNAR CORP-A CL A 526057104 21 600 SH Put DFND 600 0 0
MARSH & MCLENNAN COS COM 571748102 238 7,000 SH   DFND 48 7,000 0 0
MERCK & CO. INC. COM 58933Y105 38 836 SH Put DFND 836 0 0
MERCK & CO. INC. COM 58933Y105 5 102 SH Put DFND 48 102 0 0
MERCK & CO. INC. COM 58933Y105 62 1,375 SH Put DFND 1,375 0 0
MERCK & CO. INC. COM 58933Y105 302 6,700 SH Put DFND 48 6,700 0 0
MERCK & CO. INC. COM 58933Y105 1,452 32,200 SH   DFND 32,200 0 0
MERCK & CO. INC. COM 58933Y105 4,147 91,971 SH   DFND 48 91,971 0 0
METLIFE INC COM 59156R108 55 1,600 SH Put DFND 1,600 0 0
METLIFE INC COM 59156R108 3,945 114,484 SH   DFND 114,484 0 0
MICRON TECHNOLOGY INC COM 595112103 30 4,950 SH Put DFND 4,950 0 0
MICRON TECHNOLOGY INC COM 595112103 306 51,240 SH Put DFND 51,240 0 0
MICROSOFT CORP COM 594918104 8 271 SH Put DFND 271 0 0
MICROSOFT CORP COM 594918104 563 18,914 SH Put DFND 48 18,914 0 0
MICROSOFT CORP COM 594918104 904 30,361 SH Put DFND 48 30,361 0 0
MICROSOFT CORP COM 594918104 21 700 SH   DFND 700 0 0
MICROSOFT CORP COM 594918104 24,568 825,526 SH   DFND 48 825,526 0 0
MORGAN STANLEY COM 617446448 2,576 153,908 SH   DFND 153,908 0 0
NEXTERA ENERGY INC COM 65339F101 11 150 SH   DFND 48 150 0 0
ORACLE CORP COM 68389X105 1,054 33,500 SH   DFND 33,500 0 0
PETROLEO BRASILEIRO-SPON ADR SPON 71654V408 2 100 SH   DFND 48 100 0 0
PFIZER INC COM 717081103 255 10,263 SH Put DFND 10,263 0 0
PFIZER INC COM 717081103 137 5,522 SH Put DFND 48 5,522 0 0
PFIZER INC COM 717081103 70 2,800 SH Put DFND 2,800 0 0
PFIZER INC COM 717081103 6 250 SH Put DFND 48 250 0 0
PFIZER INC COM 717081103 592 23,829 SH   DFND 48 23,829 0 0
PROCTER & GAMBLE CO/THE COM 742718109 1 8 SH Put DFND 48 8 0 0
PROCTER & GAMBLE CO/THE COM 742718109 2,916 42,036 SH   DFND 48 42,036 0 0
PROSHARES ULTRASHORT DOW30 SPON 74348A590 52 1,111 SH Put DFND 1,111 0 0
PROSHARES ULTRASHORT DOW30 SPON 74348A590 281 6,000 SH   DFND 6,000 0 0
SCHLUMBERGER LTD COM 806857108 337 4,662 SH Put DFND 4,662 0 0
SCHLUMBERGER LTD COM 806857108 1,736 24,000 SH   DFND 24,000 0 0
SPDR S&P 500 ETF TRUST TR U 78462F103 160 1,108 SH Put DFND 48 1,108 0 0
SPDR S&P 500 ETF TRUST TR U 78462F103 87 607 SH Put DFND 48 607 0 0
SPDR S&P 500 ETF TRUST TR U 78462F103 15,621 108,500 SH   DFND 48 108,500 0 0
SPRINT COMMUNICATIONS INC COM 852061100 241 43,600 SH   DFND 43,600 0 0
T ROWE PRICE GROUP INC COM 74144T108 13 200 SH   DFND 48 200 0 0
TELEFONICA SA-SPON ADR SPON 879382208 2 160 SH Put DFND 160 0 0
TOLL BROTHERS INC COM 889478103 465 14,000 SH   DFND 14,000 0 0
UNITED STATES STEEL CORP COM 912909108 6 328 SH   DFND 328 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 137 3,011 SH Put DFND 3,011 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 3,122 68,500 SH   DFND 68,500 0 0
WAL-MART STORES INC COM 931142103 0 4 SH Put DFND 4 0 0
WAL-MART STORES INC COM 931142103 3 42 SH Put DFND 42 0 0
WAL-MART STORES INC COM 931142103 517 7,000 SH   DFND 7,000 0 0
WALT DISNEY CO/THE COM 254687106 52 1,000 SH Put DFND 1,000 0 0
WELLS FARGO & CO COM 949746101 19 560 SH Put DFND 560 0 0
WELLS FARGO & CO COM 949746101 35 1,000 SH Put DFND 48 1,000 0 0
WELLS FARGO & CO COM 949746101 309 8,959 SH Put DFND 8,959 0 0
WELLS FARGO & CO COM 949746101 207 6,000 SH Put DFND 48 6,000 0 0
YAHOO! INC COM 984332106 887 55,500 SH   DFND 55,500 0 0
ZYNGA INC - CL A CL A 98986T108 674 237,640 SH   DFND 237,640 0 0