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
APPLE INC PUT 037833950 1,944 15,500 SH Put DFND 1 0 15,500 0
BGC PARTNERS INC PUT 05541T951 525 60,000 SH Put DFND 1 0 60,000 0
E M C CORP MASS COM 268648102 2,739 103,800 SH   SOLE 103,800 0 0
E M C CORP MASS PUT 268648952 2,740 103,800 SH Put SOLE 103,800 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 261 8,738 SH   SOLE 8,738 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 11,847 95,300 SH Put DFND 1 0 95,300 0
ISHARES TR CALL 464287902 4,222 36,000 SH Call DFND 1 0 36,000 0
ISHARES TR PUT 464287955 14,342 225,900 SH Put DFND 1 0 225,900 0
KINDER MORGAN INC DEL COM 49456B101 409 10,660 SH   SOLE 10,660 0 0
KINDER MORGAN INC DEL PUT 49456B951 379 10,000 SH Put SOLE 10,000 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 421 5,740 SH   SOLE 5,740 0 0
ORACLE CORP CALL 68389X905 2,425 60,400 SH Put DFND 1 0 60,400 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 231 5,300 SH   SOLE 5,300 0 0
PLAINS ALL AMERN PIPELINE L PUT 726503955 514 12,000 SH Put DFND 1 0 12,000 0
POWERSHARES ETF TRUST DWA MOMENTUM PTF 73935X153 258 5,983 SH   SOLE 5,983 0 0
PROCTER & GAMBLE CO PUT 742718959 1,552 20,000 SH Put DFND 1 0 20,000 0
SALESFORCE COM INC PUT 79466L952 5,222 75,000 SH Put DFND 1 0 75,000 0
SPDR S&P 500 ETF TR PUT 78462F953 30,596 148,600 SH Put DFND 1 0 148,600 0