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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
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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
ISHARES SILVER TRUST ISHARES Equity 46428Q109 7,578 400,000 SH Call SOLE   360,000 0 40,000
ISHARES TR MSCI EAFE INDEX Equity 464287465 2,864 50,000 SH Call SOLE   50,000 0 0
ISHARES TR MSCI EAFE INDEX Equity 464287465 2,577 45,000 SH Call SOLE   45,000 0 0
ISHARES TR MSCI EAFE INDEX Equity 464287465 5,298 92,500 SH Call SOLE   92,500 0 0
ISHARES TR MSCI EAFE INDEX Equity 464287465 5,441 95,000 SH Call SOLE   95,000 0 0
ISHARES TR MSCI EAFE INDEX Equity 464287465 2,577 45,000 SH Call SOLE   45,000 0 0
ISHARES TR MSCI EAFE INDEX Equity 464287465 2,892 50,500 SH Call SOLE   50,500 0 0
ISHARES TR MSCI EAFE INDEX Equity 464287465 2,921 51,000 SH Call SOLE   51,000 0 0
ISHARES TR MSCI EAFE INDEX Equity 464287465 17,183 300,000 SH Call SOLE   300,000 0 0
ISHARES TR MSCI EMERG MKT Equity 464287234 1,175 30,500 SH Call SOLE   30,500 0 0
ISHARES TR MSCI EMERG MKT Equity 464287234 1,290 33,500 SH Call SOLE   33,500 0 0
ISHARES TR MSCI EMERG MKT Equity 464287234 1,213 31,500 SH Call SOLE   31,500 0 0
ISHARES TR MSCI EMERG MKT Equity 464287234 4,910 127,500 SH Call SOLE   127,500 0 0
ISHARES TR MSCI EMERG MKT Equity 464287234 39 1,000 SH Call SOLE   1,000 0 0
ISHARES TR MSCI EMERG MKT Equity 464287234 1,175 30,500 SH Call SOLE   30,500 0 0
ISHARES TR MSCI EMERG MKT Equity 464287234 11,553 300,000 SH Put SOLE   270,000 0 30,000
POWERSHARES QQQ TRUST UNIT SER Equity 73935A104 14,241 200,000 SH Call SOLE   180,000 0 20,000
POWERSHARES QQQ TRUST UNIT SER Equity 73935A104 10,681 150,000 SH Call SOLE   135,000 0 15,000
POWERSHARES QQQ TRUST UNIT SER Equity 73935A104 14,241 200,000 SH Call SOLE   180,000 0 20,000
POWERSHARES QQQ TRUST UNIT SER Equity 73935A104 14,241 200,000 SH Call SOLE   180,000 0 20,000
POWERSHARES QQQ TRUST UNIT SER Equity 73935A104 10,681 150,000 SH Call SOLE   135,000 0 15,000