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
ABBOTT LABS COM 002824100 457 13,081 SH   SOLE   0 0 13,081
ALTRIA GROUP INC COM 02209S103 252 7,215 SH   SOLE   0 0 7,215
AMERICAN ELEC PWR INC COM 025537101 19 440 SH   SOLE   0 0 440
AMERICAN ELEC PWR INC COM 025537101 45 22,000 SH Put SOLE   0 0 22,000
AMERISOURCEBERGEN CORP COM 03073E105 344 6,154 SH   SOLE   0 0 6,154
AMGEN INC COM 031162100 359 3,643 SH   SOLE   0 0 3,643
APPLE INC COM 037833100 5,089 12,830 SH   SOLE   0 0 12,830
APPLE INC COM 037833100 26 5,500 SH Call SOLE   0 0 5,500
APPLE INC COM 037833100 293 14,000 SH Put SOLE   0 0 14,000
ARENA PHARMACEUTICALS INC COM 040047102 478 61,775 SH   SOLE   0 0 61,775
AT&T INC COM 00206R102 312 8,769 SH   SOLE   0 0 8,769
AVANIR PHARMACEUTICALS INC CL A NEW 05348P401 116 25,340 SH   SOLE   0 0 25,340
BANK OF AMERICA CORPORATION COM 060505104 975 75,768 SH   SOLE   0 0 75,768
BANK OF AMERICA CORPORATION COM 060505104 0 10,000 SH Put SOLE   0 0 10,000
BHP BILLITON PLC SPONSORED ADR 05545E209 50 870 SH   SOLE   0 0 870
BHP BILLITON PLC SPONSORED ADR 05545E209 78 10,000 SH Put SOLE   0 0 10,000
BIOCRYST PHARMACEUTICALS COM 09058V103 16 10,000 SH   SOLE   0 0 10,000
BLACKROCK INTL GRWTH & INC T COM BENE INTER 092524107 159 22,380 SH   SOLE   0 0 22,380
BP PLC SPONSORED ADR 055622104 257 6,118 SH   SOLE   0 0 6,118
CA INC COM 12673P105 533 14,648 SH   SOLE   0 0 14,648
CARDINAL HEALTH INC COM 14149Y108 329 6,959 SH   SOLE   0 0 6,959
CARDIUM THERAPEUTICS INC COM 141916106 2 34,130 SH   SOLE   0 0 34,130
CATERPILLAR INC DEL COM 149123101 95 1,157 SH   SOLE   0 0 1,157
CATERPILLAR INC DEL COM 149123101 13 20,000 SH Put SOLE   0 0 20,000
CIRRUS LOGIC INC COM 172755100 82 48,000 SH Put SOLE   0 0 48,000
COACH INC COM 189754104 298 5,239 SH   SOLE   0 0 5,239
CUBIC ENERGY INC COM 229675103 0 55,000 SH   SOLE   0 0 55,000
DARDEN RESTAURANTS INC COM 237194105 54 1,070 SH   SOLE   0 0 1,070
DARDEN RESTAURANTS INC COM 237194105 3 20,000 SH Put SOLE   0 0 20,000
DOVER CORP COM 260003108 279 3,573 SH   SOLE   0 0 3,573
EMERSON ELEC CO COM 291011104 260 4,812 SH   SOLE   0 0 4,812
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 248 4,895 SH   SOLE   0 0 4,895
ENERPLUS CORP COM 292766102 149 10,071 SH   SOLE   0 0 10,071
EXXON MOBIL CORP COM 30231G102 1,268 14,028 SH   SOLE   0 0 14,028
GENERAL ELECTRIC CO COM 369604103 568 24,550 SH   SOLE   0 0 24,550
HEALTHCARE TR AMER INC CL A 42225P105 123 10,873 SH   SOLE   0 0 10,873
IAMGOLD CORP COM 450913108 61 14,000 SH   SOLE   0 0 14,000
ILLINOIS TOOL WKS INC COM 452308109 386 5,594 SH   SOLE   0 0 5,594
INTERNATIONAL BUSINESS MACHS COM 459200101 556 2,901 SH   SOLE   0 0 2,901
INTERNATIONAL BUSINESS MACHS COM 459200101 29 10,000 SH Put SOLE   0 0 10,000
ISHARES TR BARCLYS 1-3 YR 464287457 269 3,176 SH   SOLE   0 0 3,176
ISHARES TR CORE S&P500 ETF 464287200 12,790 79,470 SH   SOLE   0 0 79,470
ISHARES TR MSCI EMERG MKT 464287234 339 8,748 SH   SOLE   0 0 8,748
ISHARES TR RUSSELL 2000 464287655 12,991 133,652 SH   SOLE   0 0 133,652
ISHARES TR RUSSELL MCP GR 464287481 229 3,175 SH   SOLE   0 0 3,175
ISHARES TR RUSSELL MCP VL 464287473 213 3,679 SH   SOLE   0 0 3,679
ISHARES TR US PFD STK IDX 464288687 262 6,663 SH   SOLE   0 0 6,663
JOHNSON & JOHNSON COM 478160104 2,093 24,374 SH   SOLE   0 0 24,374
KLA-TENCOR CORP COM 482480100 270 4,846 SH   SOLE   0 0 4,846
KRAFT FOODS GROUP INC COM 50076Q106 205 3,696 SH   SOLE   0 0 3,696
L-3 COMMUNICATIONS HLDGS INC COM 502424104 273 3,179 SH   SOLE   0 0 3,179
LILLY ELI & CO COM 532457108 376 7,639 SH   SOLE   0 0 7,639
LORILLARD INC COM 544147101 275 6,247 SH   SOLE   0 0 6,247
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 0 58,100 SH   SOLE   0 0 58,100
MATTEL INC COM 577081102 274 6,064 SH   SOLE   0 0 6,064
MCDONALDS CORP COM 580135101 241 2,421 SH   SOLE   0 0 2,421
MICROSOFT CORP COM 594918104 3,737 108,140 SH   SOLE   0 0 108,140
NETAPP INC COM 64110D104 1,095 28,977 SH   SOLE   0 0 28,977
NORTHROP GRUMMAN CORP COM 666807102 436 5,290 SH   SOLE   0 0 5,290
OCCIDENTAL PETE CORP DEL COM 674599105 1,607 18,000 SH   SOLE   0 0 18,000
OMNICOM GROUP INC COM 681919106 410 6,480 SH   SOLE   0 0 6,480
PENGROWTH ENERGY CORP COM 70706P104 160 32,483 SH   SOLE   0 0 32,483
PENN WEST PETE LTD NEW COM 707887105 186 17,517 SH   SOLE   0 0 17,517
PIMCO INCOME STRATEGY FUND I COM 72201J104 387 36,416 SH   SOLE   0 0 36,416
POLARIS INDS INC COM 731068102 275 2,907 SH   SOLE   0 0 2,907
PROSHARES TR PSHS ULT S&P 500 74347R107 7,619 99,257 SH   SOLE   0 0 99,257
PROSHARES TR PSHS ULTRUSS2000 74347R842 7,665 128,031 SH   SOLE   0 0 128,031
QUALCOMM INC COM 747525103 2,537 41,527 SH   SOLE   0 0 41,527
RAYTHEON CO COM NEW 755111507 303 4,588 SH   SOLE   0 0 4,588
REYNOLDS AMERICAN INC COM 761713106 283 5,865 SH   SOLE   0 0 5,865
ROCKWELL AUTOMATION INC COM 773903109 260 3,125 SH   SOLE   0 0 3,125
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 557 7,134 SH   SOLE   0 0 7,134
SPDR GOLD TRUST GOLD SHS 78463V107 368 3,098 SH   SOLE   0 0 3,098
SPDR GOLD TRUST GOLD SHS 78463V107 360 22,000 SH Put SOLE   0 0 22,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 498 3,107 SH   SOLE   0 0 3,107
ST JUDE MED INC COM 790849103 301 6,628 SH   SOLE   0 0 6,628
SUNEDISON INC COM 86732Y109 174 21,241 SH   SOLE   0 0 21,241
SYNOVUS FINL CORP COM 87161C105 88 30,000 SH   SOLE   0 0 30,000
UNITED PARCEL SERVICE INC CL B 911312106 22,299 257,851 SH   SOLE   0 0 257,851
UNITED PARCEL SERVICE INC CL B 911312106 2 1,000 SH Call SOLE   0 0 1,000
UNITED PARCEL SERVICE INC CL B 911312106 61 20,900 SH Put SOLE   0 0 20,900
VERIZON COMMUNICATIONS INC COM 92343V104 653 13,022 SH   SOLE   0 0 13,022
VIACOM INC NEW CL A 92553P102 292 4,266 SH   SOLE   0 0 4,266
WASTE MGMT INC DEL COM 94106L109 339 8,435 SH   SOLE   0 0 8,435