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
AMAZON COM COM 023135106 3,972 12,800 SH   SOLE   12,800 0 0
AMERICAN INTERNATIONAL GROUP COM 026874784 1,680 30,000 SH   SOLE   30,000 0 0
ANADARKO PETROLEUM COM 032511107 825 10,000 SH   SOLE   10,000 0 0
ARCELORMITTAL NY REGISTRY SH 03938L104 221 20,000 SH   SOLE   20,000 0 0
AVON PRODUCTS COM 054303102 188 20,000 SH   SOLE   20,000 0 0
BANK OF AMERICA COM 060505104 3,041 170,000 SH   SOLE   170,000 0 0
BARCLAYS ADR 06738E204 1,651 110,000 SH   SOLE   110,000 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 237 5,000 SH   SOLE   5,000 0 0
BOSTON PRI FINL COM 101119105 1,070 79,436 SH   SOLE   79,436 0 0
BP SPONSORED ADR 055622104 333 8,729 SH   SOLE   8,729 0 0
CAMECO COM 13321L108 583 35,500 SH   SOLE   35,500 0 0
CARPENTER TECHNOLOGY COM 144285103 1,128 22,906 SH   SOLE   22,906 0 0
CENTURY ALUMINUM COM 156431108 1,293 53,000 SH   SOLE   53,000 0 0
CENTURYLINK COM 156700106 435 11,000 SH   SOLE   11,000 0 0
CISCO SYSTEMS COM 17275R102 556 20,000 SH   SOLE   20,000 0 0
CLICKSOFTWARE COM M25082104 124 17,300 SH   SOLE   17,300 0 0
COACH COM 189754104 2,254 60,000 SH   SOLE   60,000 0 0
COMMERCIAL METALS COM 201723103 1,303 80,000 SH   SOLE   80,000 0 0
COMPASS MINERALS INTERNATIONAL COM 20451N101 208 2,400 SH   SOLE   2,400 0 0
CONSOL ENERGY COM 20854P109 1,217 36,000 SH   SOLE   36,000 0 0
CORNING COM 219350105 1,147 50,000 SH   SOLE   50,000 0 0
CREE STK COM 225447101 403 12,500 SH   SOLE   12,500 0 0
CROCS COM 227046109 250 20,000 SH   SOLE   20,000 0 0
CURRENCYSHARES EURO ETF EURO SHS 23130C108 1,191 10,000 SH   SOLE   10,000 0 0
DEUTSCHE BANK NAMEN AKT D18190898 2,872 95,665 SH   SOLE   95,665 0 0
DIAMOND OFFSHORE DRILLING COM 25271C102 392 10,675 SH   SOLE   10,675 0 0
EBAY COM 278642103 1,403 25,000 SH   SOLE   25,000 0 0
ENERGY SELECT SECTOR SPDR ETF SBI INT-ENERGY 81369Y506 954 12,049 SH   SOLE   12,049 0 0
ETFS PHYSICAL PLATINUM SHARES ETF SH BEN INT 26922V101 2,809 24,000 SH   SOLE   24,000 0 0
EXELON COM 30161N101 1,112 30,000 SH   SOLE   30,000 0 0
EXPRESS COM 30219E103 147 10,000 SH   SOLE   10,000 0 0
FREEPORT MCMORAN COP & GLD COM 35671D857 467 20,000 SH   SOLE   20,000 0 0
GENERAL MOTORS COM 37045V100 1,047 30,000 SH   SOLE   30,000 0 0
GNC HOLDINGS CL A 36191G107 470 10,000 SH   SOLE   10,000 0 0
INTERNATIONAL BUSINESS MACHINES COM 459200101 4,685 29,200 SH   SOLE   29,200 0 0
ISHARES CORE MSCI EMERGING ETF CORE MSCI EMKT 46434G103 2,352 50,000 SH   SOLE   50,000 0 0
ISHARES MSCI BRAZIL IX ETF MSCI BRAZIL 464286400 549 15,000 SH   SOLE   15,000 0 0
ISHARES MSCI EMERGING MKTS IDX ETF MSCI EMG MKT ETF 464287234 1,965 50,000 SH   SOLE   50,000 0 0
ISHARES MSCI GERMANY INDEX ETF MSCI GERMANY 464286806 6,853 250,000 SH   SOLE   250,000 0 0
ISHARES MSCI ITALY INDEX ETF MSCI ITALY 464286855 2,584 190,000 SH   SOLE   190,000 0 0
ISHAR MSCI MXC INVSTB MKT IDX ETF MSCI MEX CAP ETF 464286822 297 5,000 SH   SOLE   5,000 0 0
ISHARES MSCI SPAIN INDEX ETF MSCI SPAN CP ETF 464286764 208 6,000 SH   SOLE   6,000 0 0
JOY GLOBAL STK COM 481165108 270 5,800 SH   SOLE   5,800 0 0
KBR COM 48242W106 339 20,000 SH   SOLE   20,000 0 0
LOEWS COM 540424108 840 20,000 SH   SOLE   20,000 0 0
LUMBER LIQUIDATORS HOLDINGS COM 55003T107 995 15,000 SH   SOLE   15,000 0 0
MARKET VECTORS GOLD MINERS ETF GOLD MINER ETF 57060U100 919 50,000 SH   SOLE   50,000 0 0
MARKET VECTORS OIL SERVICES ETF OIL SVCS ETF 57060U191 2,583 71,900 SH   SOLE   141,900 0 0
MDC HOLDINGS COM 552676108 1,059 40,000 SH   SOLE   40,000 0 0
NATL PENN BKSH COM 637138108 127 12,069 SH   SOLE   12,069 0 0
NETAPP INC COM 64110D104 829 20,000 SH   SOLE   20,000 0 0
NEWMONT MINING COM 651639106 1,134 60,000 SH   SOLE   60,000 0 0
NOVABAY PHARMACEUTICALS COM 66987P102 164 259,800 SH   SOLE   259,800 0 0
NUCOR COM 670346105 1,177 24,000 SH   SOLE   24,000 0 0
OUTERWALL COM 690070107 1,504 20,000 SH   SOLE   20,000 0 0
POTASH CORPATION OF SASKATCHEWAN COM 73755L107 1,060 30,000 SH   SOLE   30,000 0 0
POWERSHARES S&P 500 LOW VOLAT ETF S&P 500 LOW VOL 73937B779 1,139 30,000 SH   SOLE   30,000 0 0
QUIKSILVER COM 74838C106 177 80,000 SH   SOLE   80,000 0 0
RELIANCE STEEL COM 759509102 1,317 21,500 SH   SOLE   21,500 0 0
RENT A CENTER COM 76009N100 283 7,800 SH   SOLE   7,800 0 0
SILVER WHEATON COM 828336107 266 13,100 SH   SOLE   13,100 0 0
SONY ADR NEW 835699307 368 18,000 SH   SOLE   18,000 0 0
SOUTHERN COPPER COM 84265V105 564 20,000 SH   SOLE   20,000 0 0
SPDR DOW JONES INDUSTRIAL AVRG ETF UT SER 1 78467X109 10,673 60,000 SH   SOLE   60,000 0 0
SPDR FUND CONSUMER DISCRE SELECT ETF SBI CONS DISCR 81369Y407 1,804 25,000 SH   SOLE   25,000 0 0
STAPLES COM 855030102 352 19,405 SH   SOLE   19,405 0 0
STEEL DYNAMICS COM 858119100 1,184 60,000 SH   SOLE   60,000 0 0
TARGET COM 87612E106 3,568 47,000 SH   SOLE   47,000 0 0
UNITEDHEALTH GRP ORD COM 91324P102 505 5,000 SH   SOLE   5,000 0 0
VANGUARD MSCI EMERGING MARKETS ETF FTSE EMR MKT ETF 922042858 10,005 250,000 SH   SOLE   250,000 0 0
VERIZON COMMUNICATIONS COM 92343V104 468 10,000 SH   SOLE   10,000 0 0
WHOLE FOODS COM 966837106 3,529 70,000 SH   SOLE   70,000 0 0
YELP CL A 985817105 547 10,000 SH   SOLE   10,000 0 0
AMERICAN INTERNATIONAL GROUP COM 026874156 500 10,000 SH Put SOLE   10,000 0 0
AVON PRODUCTS INC COM 054303102 200 20,000 SH Put SOLE   20,000 0 0
BOEING CO/THE COM 097023105 1,040 8,000 SH Call SOLE   8,000 0 0
BOEING CO/THE COM 097023105 1,120 8,000 SH Call SOLE   8,000 0 0
BANK OF AMERICA CORP COM 060505104 1,500 100,000 SH Put SOLE   100,000 0 0
BROADCOM CORP CL A 111320107 600 30,000 SH Put SOLE   30,000 0 0
CAMECO CORP COM 13321L108 320 20,000 SH Put SOLE   20,000 0 0
COACH INC COM 189754104 330 10,000 SH Put SOLE   10,000 0 0
CISCO SYSTEMS INC COM 17275R102 500 20,000 SH Put SOLE   20,000 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 464 14,500 SH Call SOLE   14,500 0 0
SPDR DJIA TRUST UT SER 1 78467X109 390 2,000 SH Put SOLE   2,000 0 0
EBAY INC COM 278642103 1,313 25,000 SH Put SOLE   25,000 0 0
ISHARES MSCI EMERGING MARKET MSCI EM EMEA ETF 464286384 925 25,000 SH Put SOLE   25,000 0 0
ISHARES MSCI GERMANY ETF MSCI GERMANY 464286806 1,478 59,100 SH Put SOLE   59,100 0 0
ISHARES MSCI GERMANY ETF MSCI GERMANY 464286806 2,600 100,000 SH Put SOLE   100,000 0 0
ISHARES MSCI GERMANY ETF MSCI GERMANY 464286806 1,350 50,000 SH Call SOLE   50,000 0 0
ISHARES MSCI GERMANY ETF MSCI GERMANY 464286806 456 15,200 SH Put SOLE   15,200 0 0
ISHARES MSCI BRAZIL CAPPED E MSCI BRZ CAP ETF 464286400 2,150 50,000 SH Put SOLE   50,000 0 0
ISHARES MSCI BRAZIL CAPPED E MSCI BRZ CAP ETF 464286400 555 14,600 SH Put SOLE   14,600 0 0
EXELON CORP COM 30161N101 495 15,000 SH Put SOLE   15,000 0 0
EXELON CORP COM 30161N101 510 15,000 SH Put SOLE   15,000 0 0
CORNING INC COM 219350105 1,000 50,000 SH Put SOLE   50,000 0 0
INTL BUSINESS MACHINES CORP COM 459200101 3,120 20,800 SH Put SOLE   20,800 0 0
ILLUMINA INC COM 452327109 660 3,000 SH Call SOLE   3,000 0 0
INFOSYS LTD SPONSORED ADR 456788108 245 7,000 SH Put SOLE   7,000 0 0
JOY GLOBAL INC COM 481165108 550 10,000 SH Put SOLE   10,000 0 0
KIMBERLY-CLARK CORP COM 494368103 1,300 10,000 SH Call SOLE   10,000 0 0
KINDER MORGAN INC COM 49456B101 500 20,000 SH Put SOLE   20,000 0 0
KINDER MORGAN INC COM 49456B101 270 10,000 SH Put SOLE   10,000 0 0
L BRANDS INC COM 501797104 3,300 40,000 SH Call SOLE   40,000 0 0
L BRANDS INC COM 501797104 1,235 13,000 SH Call SOLE   13,000 0 0
L BRANDS INC COM 501797104 1,550 20,000 SH Put SOLE   20,000 0 0
LOWE'S COS INC COM 548661107 650 10,000 SH Put SOLE   10,000 0 0
MARRIOTT INTERNATIONAL CL A 57164Y107 750 10,000 SH Put SOLE   10,000 0 0
MDC HOLDINGS INC COM 552676108 420 20,000 SH Put SOLE   20,000 0 0
MOSAIC CO/THE COM 61945C103 600 20,000 SH Put SOLE   20,000 0 0
MOSAIC CO/THE COM 61945C103 350 10,000 SH Put SOLE   10,000 0 0
ARCELORMITTAL-NY REGISTERED NY REGISTRY SH 03938L104 600 40,000 SH Call SOLE   40,000 0 0
NORTHROP GRUMMAN CORP COM 666807102 405 3,000 SH Call SOLE   3,000 0 0
NETAPP INC COM 64110D104 820 20,000 SH Put SOLE   20,000 0 0
OUTERWALL INC COM 690070107 1,386 19,800 SH Put SOLE   19,800 0 0
PATTERSON-UTI ENERGY INC COM 703395103 1,160 29,000 SH Call SOLE   29,000 0 0
TRANSOCEAN LTD COM H8817H100 820 20,000 SH Put SOLE   20,000 0 0
MARKET VECTORS RUSSIA ETF RUSSIA ETF 57060U506 650 25,000 SH Put SOLE   25,000 0 0
MARKET VECTORS RUSSIA ETF RUSSIA ETF 57060U506 1,425 75,000 SH Put SOLE   75,000 0 0
MARKET VECTORS RUSSIA ETF RUSSIA ETF 57060U506 660 30,000 SH Put SOLE   30,000 0 0
STAPLES INC COM 855030102 400 50,000 SH Put SOLE   50,000 0 0
STAPLES INC COM 855030102 320 20,000 SH Put SOLE   20,000 0 0
SPDR S&P 500 ETF TRUST TR UNIT 78462F103 1,860 10,000 SH Put SOLE   10,000 0 0
TARGET CORP COM 87612E106 700 10,000 SH Put SOLE   10,000 0 0
TWITTER INC COM 90184L102 500 20,000 SH Put SOLE   20,000 0 0
VANGUARD FTSE EMERGING MARKE FTSE EMR MKT ETF 922042858 3,200 80,000 SH Call SOLE   80,000 0 0
VANGUARD FTSE EMERGING MARKE FTSE EMR MKT ETF 922042858 1,850 50,000 SH Put SOLE   50,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 380 10,000 SH Put SOLE   10,000 0 0
WHOLE FOODS MARKET INC COM 966837106 350 10,000 SH Put SOLE   10,000 0 0
WHOLE FOODS MARKET INC COM 966837106 360 10,000 SH Put SOLE   10,000 0 0
WHOLE FOODS MARKET INC COM 966837106 2,800 70,000 SH Put SOLE   70,000 0 0
WEIGHT WATCHERS INTL INC COM 948626106 806 21,500 SH Call SOLE   21,500 0 0
CONSUMER DISCRETIONARY SELT SBI CONS DISCR 81369Y407 1,550 25,000 SH Put SOLE   25,000 0 0
SPDR S&P METALS & MINING ETF S&P METALS MNG 78464A755 1,850 50,000 SH Put SOLE   50,000 0 0
CAMECO CORP COM 13321L108 192 11,300 SH Put SOLE   11,300 0 0
REGAL ENTERTAINMENT GROUP CL A 758766109 165 10,000 SH Put SOLE   10,000 0 0