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 EEM 464287234 6,990 127,050 SH   SOLE   0 0 127,050
iShares MSCI Emerging Markets Indx ETF EEM Call 464287904 24,729 440,200 SH Call SOLE   0 0 440,200
iShares MSCI Emerging Markets Indx ETF EEM Put 464287954 42,776 828,400 SH Put SOLE   0 0 828,400
iShares MSCI EAFE ETF EFA 464287465 34,852 441,446 SH   SOLE   0 0 441,446
iShares MSCI EAFE ETF EFA Call 464287905 298 3,500 SH Call SOLE   0 0 3,500
iShares MSCI EAFE ETF EFA Put 464287955 32,834 444,100 SH Put SOLE   0 0 444,100
SPDR Gold Trust GLD 78463V107 8,380 50,300 SH   SOLE   0 0 50,300
SPDR Gold Trust GLD Call 78463V907 4,484 23,600 SH Call SOLE   0 0 23,600
SPDR Gold Trust GLD Put 78463V957 8,505 50,300 SH Put SOLE   0 0 50,300
ishares ETF - CORE MSCI EMKT IEMG 46434G103 29,971 448,200 SH   SOLE   0 0 448,200
IShares ETF-Rus2000 IWM 464287655 46,062 200,200 SH   SOLE   0 0 200,200
IShares ETF-Rus2000 IWM Put 464287955 429 2,200 SH Put SOLE   0 0 2,200
POWERSHARES QQQ TRUST QQQ 73935A104 331 1,132 SH   SOLE   0 0 1,132
SPDR S&P 500 ETF TR SPY 78462F103 446,553 1,040,139 SH   SOLE   0 0 1,040,139
SPDR S&P 500 ETF TR SPY Call 78462F903 204,123 516,500 SH Call SOLE   0 0 516,500
SPDR S&P 500 ETF TR SPY Put 78462F953 1,878,986 5,138,300 SH Put SOLE   0 0 5,138,300
IShares ETF-20yr TLT 464287432 2,680 18,600 SH   SOLE   0 0 18,600
IShares ETF-20yr TLT Put 464287952 2,605 18,600 SH Put SOLE   0 0 18,600
Twitter Inc TWTR 90184L102 307 10,217 SH   SOLE   0 0 10,217
SELECT SECTOR SPDR TR XLB 81369Y100 32,035 388,236 SH   SOLE   0 0 388,236
SELECT SECTOR SPDR TR XLC 81369Y852 137,014 1,687,150 SH   SOLE   0 0 1,687,150
SELECT SECTOR SPDR TR XLE 81369Y506 35,153 644,650 SH   SOLE   0 0 644,650
SELECT SECTOR SPDR TR XLF 81369Y605 139,352 3,784,847 SH   SOLE   0 0 3,784,847
SELECT SECTOR SPDR TR XLF Put 81369Y955 324 18,000 SH Put SOLE   0 0 18,000
SELECT SECTOR SPDR TR XLI 81369Y704 104,281 1,015,102 SH   SOLE   0 0 1,015,102
SELECT SECTOR SPDR TR XLK 81369Y803 336,235 2,276,934 SH   SOLE   0 0 2,276,934
SELECT SECTOR SPDR TR XLP 81369Y308 72,312 1,031,849 SH   SOLE   0 0 1,031,849
SELECT SECTOR SPDR TR XLRE 81369Y860 31,394 708,194 SH   SOLE   0 0 708,194
SELECT SECTOR SPDR TR XLU 81369Y886 29,841 470,751 SH   SOLE   0 0 470,751
SELECT SECTOR SPDR TR XLV 81369Y209 160,258 1,265,364 SH   SOLE   0 0 1,265,364
SELECT SECTOR SPDR TR XLY 81369Y407 150,702 841,254 SH   SOLE   0 0 841,254