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
iShares MSCI Emerging Markets Indx ETF ETF 464287234 20,200 497,013 SH   SOLE   0 0 1,144
iShares MSCI Emerging Markets Indx ETF CALL 464287904 12,212 274,700 SH Call SOLE   0 0 1,144
iShares MSCI Emerging Markets Indx ETF PUT 464287954 64,402 1,674,500 SH Put SOLE   0 0 1,144
iShares MSCI EAFE ETF ETF 464287465 79,881 1,229,500 SH   SOLE   0 0 1,144
iShares MSCI EAFE ETF CALL 464287905 12,827 203,600 SH Call SOLE   0 0 1,144
iShares MSCI EAFE ETF PUT 464287955 105,162 1,757,100 SH Put SOLE   0 0 1,144
SPDR Gold Trust ETF 78463V107 7,446 52,800 SH   SOLE   0 0 1,144
SPDR Gold Trust CALL 78463V907 3,799 26,200 SH Call SOLE   0 0 1,144
SPDR Gold Trust PUT 78463V957 9,841 78,300 SH Put SOLE   0 0 1,144
ISHARES TR - 3-7 YR TREAS BD ETF ETF 464288661 4,518 35,652 SH   SOLE   0 0 1,144
ishares ETF - CORE MSCI EMKT ETF 46434G103 30,434 623,247 SH   SOLE   0 0 1,144
IShares ETF-Rus2000 ETF 464287655 76,776 507,900 SH   SOLE   0 0 1,144
i-shares U.S. REAL ES ETF ETF 464287739 233 2,500 SH   SOLE   0 0 1,144
POWERSHARES QQQ TRUST ETF 73935A104 4,040 21,600 SH   SOLE   0 0 1,144
POWERSHARES QQQ TRUST CALL 73935A904 4,224 21,600 SH Call SOLE   0 0 1,144
POWERSHARES QQQ TRUST PUT 73935A954 3,208 21,600 SH Put SOLE   0 0 1,144
iShares Trust - iShares 1-3 Year Treasury Bond ETF ETF 464287457 4,395 51,839 SH   SOLE   0 0 1,144
SPDR S&P 500 ETF TR TR UNIT 78462F103 494,256 1,663,577 SH   SOLE   0 0 1,144
SPDR S&P 500 ETF TR CALL 78462F903 470,902 1,623,500 SH Call SOLE   0 0 1,144
SPDR S&P 500 ETF TR PUT 78462F953 1,687,500 6,354,500 SH Put SOLE   0 0 1,144
IShares ETF-20yr ETF 464287432 2,897 20,300 SH   SOLE   0 0 1,144
IShares ETF-20yr PUT 464287952 3,028 22,800 SH Put SOLE   0 0 1,144
Twitter Inc Company 90184L102 1,075 26,000 SH   SOLE   0 0 1,144
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 240,404 4,158,946 SH   SOLE   0 0 1,144
SELECT SECTOR SPDR TR SBI COMMUNICATIONS 81369Y852 231,512 4,694,801 SH   SOLE   0 0 1,144
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 230,202 3,864,317 SH   SOLE   0 0 1,144
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 191,839 6,834,771 SH   SOLE   0 0 1,144
SELECT SECTOR SPDR TR PUT 81369Y955 420 30,000 SH Put SOLE   0 0 1,144
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 235,086 3,030,800 SH   SOLE   0 0 1,144
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 241,313 3,022,192 SH   SOLE   0 0 1,144
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 228,723 3,738,709 SH   SOLE   0 0 1,144
SELECT SECTOR SPDR TR SBI INT-REALESTATE 81369Y860 47,644 1,212,157 SH   SOLE   0 0 1,144
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 233,881 3,613,675 SH   SOLE   0 0 1,144
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 238,325 2,662,997 SH   SOLE   0 0 1,144
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 234,896 1,959,804 SH   SOLE   0 0 1,144