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
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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
ALLY FINL INC COM 02005N100 374 20,000 SH   SOLE   20,000 0 0
AMERICAN EXPRESS CO COM 025816109 1,473 24,000 SH   SOLE   24,000 0 0
ANADARKO PETE CORP COM 032511107 1,634 35,100 SH   SOLE   35,100 0 0
BANK AMER CORP COM 060505104 135 10,000 SH   SOLE   10,000 0 0
BARCLAYS PLC ADR 06738E204 272 31,600 SH   SOLE   31,600 0 0
BOSTON PRIVATE FINL HLDGS IN COM 101119105 1,030 89,980 SH   SOLE   89,980 0 0
BP PLC SPONSORED ADR 055622104 1,509 50,000 SH   SOLE   50,000 0 0
CATERPILLAR INC DEL COM 149123101 2,296 30,000 SH   SOLE   30,000 0 0
CITIGROUP INC COM NEW 172967424 835 20,000 SH   SOLE   20,000 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 508 30,000 SH   SOLE   30,000 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 3,656 59,046 SH   SOLE   59,046 0 0
ETFS PLATINUM TR SH BEN INT 26922V101 3,752 39,898 SH   SOLE   39,898 0 0
GROUPON INC COM CL A 399473107 239 60,000 SH   SOLE   60,000 0 0
HELMERICH & PAYNE INC COM 423452101 1,174 20,000 SH   SOLE   20,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,893 12,500 SH   SOLE   12,500 0 0
ISHARES MSCI BRZ CAP ETF 464286400 1,109 42,200 SH   SOLE   42,200 0 0
ISHARES MSCI ITALCPD ETF 464286855 1,220 100,000 SH   SOLE   100,000 0 0
ISHARES MSCI JAPAN ETF 464286848 570 50,000 SH   SOLE   50,000 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 2,201 149,989 SH   SOLE   149,989 0 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 675 14,500 SH   SOLE   14,500 0 0
NETAPP INC COM 64110D104 1,110 40,700 SH   SOLE   40,700 0 0
PETROCHINA CO LTD -ADR SPONSORED ADR 71646E100 1,027 15,500 SH   SOLE   15,500 0 0
QUALCOMM INC COM 747525103 2,234 43,700 SH   SOLE   43,700 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 2,025 90,000 SH   SOLE   90,000 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 1,741 85,000 SH   SOLE   85,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 3,035 100,000 SH   SOLE   100,000 0 0
SPRINT CORP COM SER 1 85207U105 1,049 301,500 SH   SOLE   301,500 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 3,311 202,400 SH   SOLE   202,400 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 8,257 238,800 SH   SOLE   238,800 0 0
VIACOM INC NEW CL B 92553P201 1,238 30,000 SH   SOLE   30,000 0 0
WHOLE FOODS MKT INC COM 966837106 1,555 50,000 SH   SOLE   50,000 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 195 10,000 SH   SOLE   10,000 0 0
ALCOA INC COM 013817101 400 40,000 SH Call SOLE   400 0 0
ALPHABET INC CAP STK CL A 02079K305 660 1,000 SH Put SOLE   660 0 0
ALPHABET INC CAP STK CL A 02079K305 870 1,000 SH Call SOLE   870 0 0
BP PLC SPONSORED ADR 055622104 540 20,000 SH Put SOLE   540 0 0
BROADCOM LTD SHS Y09827109 1,625 10,000 SH Call SOLE   1,625 0 0
CATERPILLAR INC DEL COM 149123101 950 20,000 SH Put SOLE   950 0 0
CHENIERE ENERGY INC COM NEW 16411R208 1,600 40,000 SH Call SOLE   1,600 0 0
CITIGROUP INC COM NEW 172967424 375 10,000 SH Put SOLE   375 0 0
CONOCOPHILLIPS COM 20825C104 2,325 44,300 SH Call SOLE   2,325 0 0
EXXON MOBIL CORP COM 30231G102 625 10,000 SH Put SOLE   625 0 0
FLUOR CORP NEW COM 343412102 750 20,000 SH Put SOLE   750 0 0
FRANKLIN RES INC COM 354613101 750 30,000 SH Put SOLE   750 0 0
GROUPON INC COM CL A 399473107 100 50,000 SH Put SOLE   100 0 0
HARLEY DAVIDSON INC COM 412822108 700 20,000 SH Put SOLE   700 0 0
HARLEY DAVIDSON INC COM 412822108 3,150 60,000 SH Call SOLE   3,150 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,300 10,000 SH Put SOLE   1,300 0 0
ISHARES MSCI BRZ CAP ETF 464286400 1,000 50,000 SH Put SOLE   1,000 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 1,050 100,000 SH Put SOLE   1,050 0 0
LEUCADIA NATL CORP COM 527288104 130 10,000 SH Put SOLE   130 0 0
MICRON TECHNOLOGY INC COM 595112103 210 30,000 SH Put SOLE   210 0 0
NETAPP INC COM 64110D104 880 40,000 SH Put SOLE   880 0 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 385 7,700 SH Put SOLE   385 0 0
SOTHEBYS COM 835898107 587 26,700 SH Put SOLE   587 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 2,340 15,000 SH Put SOLE   2,340 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 20,000 100,000 SH Call SOLE   20,000 0 0
SPRINT CORP COM SER 1 85207U105 500 200,000 SH Put SOLE   500 0 0
SQUARE INC CL A 852234103 170 10,000 SH Call SOLE   170 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 1,300 100,000 SH Put SOLE   1,300 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 114 11,400 SH Put SOLE   114 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 764 23,900 SH Put SOLE   764 0 0
VIACOM INC NEW CL B 92553P201 2,375 50,000 SH Call SOLE   2,375 0 0
WHOLE FOODS MKT INC COM 966837106 750 25,000 SH Put SOLE   750 0 0