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

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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
APPLE INC PUT 037833950 1,189 12,400 SH Put DFND 1 0 12,400 0
BGC PARTNERS INC PUT 05541T951 523 60,000 SH Put DFND 1 0 60,000 0
CURRENCYSHARES EURO TR PUT 23130C958 6,490 60,000 SH Put SOLE 0 60,000 0 0
ISHARES TR 20 YR TR BD ETF 464287432 1,389 10,000 SH Call SOLE 0 10,000 0 0
ISHARES TR CALL 464287905 41,363 741,000 SH Call DFND 1 0 741,000 0
ISHARES TR PUT 464287954 4,604 134,000 SH Put DFND 1 0 134,000 0
ISHARES TR PUT 464287955 23,015 327,100 SH Put DFND 1 0 327,100 0
PLAINS ALL AMERN PIPELINE L PUT 726503955 641 23,300 SH Put DFND 1 0 23,300 0
POWERSHARES QQQ TRUST PUT 73935A954 1,226 11,400 SH Put DFND 1 0 11,400 0
PROCTER & GAMBLE CO PUT 742718959 1,693 20,000 SH Put DFND 1 0 20,000 0
SALESFORCE COM INC PUT 79466L952 7,941 100,000 SH Put DFND 1 0 100,000 0
SPDR S&P 500 ETF TR CALL 78462F903 33,792 16,100 SH Call DFND 1 0 16,100 0
SPDR S&P 500 ETF TR PUT 78462F953 102,841 289,800 SH Put DFND 1 0 289,800 0
UNITED STATES NATL GAS FUND CALL 912318901 14,670 90,000 SH Call SOLE 0 90,000 0 0