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
ANADARKO PETE CORP COM 032511107 5,324 109,600 SH   SOLE   5,324 0 0
BEBE STORES INC COM 075571109 40 71,498 SH   SOLE   40 0 0
BOSTON PRIVATE FINL HLDGS IN COM 101119105 888 78,342 SH   SOLE   888 0 0
CITIGROUP INC COM NEW 172967424 3,622 70,000 SH   SOLE   3,622 0 0
CORNING INC COM 219350105 1,487 81,400 SH   SOLE   1,487 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 6,648 109,800 SH   SOLE   6,648 0 0
ETFS PLATINUM TR SH BEN INT 26922V101 3,347 38,998 SH   SOLE   3,347 0 0
FLUOR CORP NEW COM 343412102 944 20,000 SH   SOLE   944 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 4,541 33,000 SH   SOLE   4,541 0 0
ISHARES MSCI BRZ CAP ETF 464286400 7,401 357,900 SH   SOLE   7,401 0 0
ISHARES MSCI CDA ETF 464286509 2,150 100,000 SH   SOLE   2,150 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 4,604 349,089 SH   SOLE   4,604 0 0
ISHARES TR TIPS BD ETF 464287176 1,842 16,800 SH   SOLE   1,842 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 327 5,000 SH   SOLE   327 0 0
QUALCOMM INC COM 747525103 999 20,000 SH   SOLE   999 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 2,029 20,000 SH   SOLE   2,029 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 4,151 277,700 SH   SOLE   4,151 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 1,511 50,000 SH   SOLE   1,511 0 0
TRANSOCEAN LTD REG SHS H8817H100 1,447 116,946 SH   SOLE   1,447 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 9,446 288,800 SH   SOLE   9,446 0 0
WAL-MART STORES INC COM 931142103 6,154 100,400 SH   SOLE   6,154 0 0
WHOLE FOODS MKT INC COM 966837106 2,157 64,400 SH   SOLE   2,157 0 0
WYNN RESORTS LTD COM 983134107 345 5,000 SH   SOLE   345 0 0
NOVABAY PHARMACEUTICALS INC COM 66987P102 35 17,664 SH   SOLE   35 0 0
ANTERO RES CORP COM 03674X106 218 10,000 SH   SOLE   218 0 0
SPRINT CORP COM SER 1 85207U105 1,086 300,200 SH   SOLE   1,086 0 0
ISHARES INC MSCI RUSSIA CAP 46434G806 2,965 202,400 SH   SOLE   2,965 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 1,750 50,000 SH Call SOLE   1,750 0 0
ALLY FINL INC COM 02005N100 1,080 40,000 SH Call SOLE   1,080 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 950 25,000 SH Call SOLE   950 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 744 4,000 SH Put SOLE   744 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 6,800 80,000 SH Put SOLE   6,800 0 0
CORNING INC COM 219350105 655 46,800 SH Put SOLE   655 0 0
AT&T INC COM 00206R102 2,256 98,100 SH Put SOLE   2,256 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 4,560 30,000 SH Put SOLE   4,560 0 0
NIKE INC CL B 654106103 1,550 20,000 SH Call SOLE   1,550 0 0
MCDONALDS CORP COM 580135101 440 4,000 SH Put SOLE   440 0 0
ALLY FINL INC COM 02005N100 720 40,000 SH Put SOLE   720 0 0
WHOLE FOODS MKT INC COM 966837106 1,680 67,200 SH Put SOLE   1,680 0 0
COACH INC COM 189754104 350 10,000 SH Call SOLE   350 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 305 10,000 SH Put SOLE   305 0 0
DISNEY WALT CO COM DISNEY 254687106 330 3,000 SH Put SOLE   330 0 0
POTASH CORP SASK INC COM 73755L107 480 30,000 SH Put SOLE   480 0 0
UNITED STATES STL CORP NEW COM 912909108 300 60,000 SH Put SOLE   300 0 0
ALCOA INC COM 013817101 400 40,000 SH Call SOLE   400 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 1,300 100,000 SH Put SOLE   1,300 0 0
OUTERWALL INC COM 690070107 600 20,000 SH Put SOLE   600 0 0
QUALCOMM INC COM 747525103 960 20,000 SH Put SOLE   960 0 0
WYNN RESORTS LTD COM 983134107 1,272 15,900 SH Call SOLE   1,272 0 0
TRANSOCEAN LTD REG SHS H8817H100 636 53,000 SH Put SOLE   636 0 0
WHOLE FOODS MKT INC COM 966837106 1,860 60,000 SH Put SOLE   1,860 0 0
SPRINT CORP COM SER 1 85207U105 300 100,000 SH Put SOLE   300 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 960 30,000 SH Put SOLE   960 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 3,900 30,000 SH Put SOLE   3,900 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 2,364 73,900 SH Put SOLE   2,364 0 0
CITIGROUP INC COM NEW 172967424 2,350 50,000 SH Put SOLE   2,350 0 0
AMAZON COM INC COM 023135106 1,140 2,000 SH Call SOLE   1,140 0 0