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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
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
APPLE INC PUT 037833950 1,320 12,000 SH Put DFND 1 0 12,000 0
BGC PARTNERS INC PUT 05541T951 549 60,000 SH Put DFND 1 0 60,000 0
E M C CORP MASS COM 268648102 3,087 103,800 SH   SOLE 103,800 0 0
E M C CORP MASS PUT 268648952 1,544 51,900 SH Put SOLE 51,900 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 316 8,738 SH   SOLE 8,738 0 0
ISHARES TR U.S. REAL ES ETF 464287739 661 8,600 SH Put SOLE 8,600 0 0
KINDER MORGAN INC DEL COM 49456B101 451 10,660 SH   SOLE 10,660 0 0
KINDER MORGAN INC DEL PUT 49456B951 419 10,000 SH Put SOLE 10,000 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 474 5,740 SH   SOLE 5,740 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 272 5,300 SH   SOLE 5,300 0 0
PLAINS ALL AMERN PIPELINE L PUT 726503955 608 12,000 SH Put DFND 1 0 12,000 0
PROCTER & GAMBLE CO PUT 742718959 1,809 20,000 SH Put DFND 1 0 20,000 0
SALESFORCE COM INC PUT 79466L952 2,966 50,000 SH Put DFND 1 0 50,000 0
SPDR S&P 500 ETF TR PUT 78462F953 781 3,800 SH Put SOLE 3,800 0 0
WESTMORELAND COAL CO PUT 960878956 1,196 36,000 SH Call DFND 1 0 36,000 0