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 COM 037833100 985 4,400 SH Call SOLE   0 0 4,400
ISHARES TR MSCI EMG MKT ETF 464287234 2,991 73,200 SH Call SOLE   0 0 73,200
ISHARES TR MSCI EAFE ETF 464287465 8,418 129,100 SH Call SOLE   0 0 129,100
FACEBOOK INC CL A 30303M102 534 3,000 SH Call SOLE   0 0 3,000
ISHARES TR CHINA LG-CAP ETF 464287184 2,852 72,300 SH Call SOLE   0 0 72,300
ALPHABET INC CAP STK CL C 02079K107 243 200 SH Call SOLE   0 0 200
ISHARES TR RUSSELL 2000 ETF 464287655 2,497 16,500 SH Call SOLE   0 0 16,500
PENNEY J C CORP INC COM 708160106 106 120,000 SH Call SOLE   0 0 120,000
MICROSOFT CORP COM 594918104 611 4,400 SH Call SOLE   0 0 4,400
PENNSYLVANIA RL ESTATE INVT SH BEN INT 709102107 514 90,000 SH Call SOLE   0 0 90,000
INVESCO QQQ TR UNIT SER 1 46090E103 4,739 25,100 SH Call SOLE   0 0 25,100
SPDR S&P 500 ETF TR TR UNIT 78462F103 478,897 1,613,700 SH Call SOLE   0 0 1,613,700
PROSHARES TR II ULTA BLMBG 2017 74347W247 2,703 166,700 SH Call SOLE   0 0 166,700
UNITEDHEALTH GROUP INC COM 91324P102 1,521 7,000 SH Call SOLE   0 0 7,000
UNITED STATES OIL FUND LP UNITS 91232N108 2,117 22,700 SH Call SOLE   0 0 22,700
SELECT SECTOR SPDR TR ENERGY 81369Y506 236 4,000 SH Call SOLE   0 0 4,000
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,075 38,400 SH Call SOLE   0 0 38,400
AGILENT TECHNOLOGIES INC COM 00846U101 222 2,900 SH Put SOLE   0 0 2,900
APPLE INC COM 037833100 3,157 14,100 SH Put SOLE   0 0 14,100
ABBVIE INC COM 00287Y109 916 12,100 SH Put SOLE   0 0 12,100
ISHARES TR MSCI ACWI ETF 464288257 258 3,500 SH Put SOLE   0 0 3,500
AMAZON COM INC COM 023135106 3,819 2,200 SH Put SOLE   0 0 2,200
BOEING CO COM 097023105 798 2,100 SH Put SOLE   0 0 2,100
BANK AMER CORP COM 060505104 233 8,000 SH Put SOLE   0 0 8,000
CHUBB LIMITED COM H1467J104 226 1,400 SH Put SOLE   0 0 1,400
CDN IMPERIAL BK COMM TORONTO COM 136069101 330 4,000 SH Put SOLE   0 0 4,000
DUPONT DE NEMOURS INC COM 26614N102 562 8,000 SH Put SOLE   0 0 8,000
EBAY INC COM 278642103 354 9,100 SH Put SOLE   0 0 9,100
ISHARES TR MSCI EMG MKT ETF 464287234 208 5,100 SH Put SOLE   0 0 5,100
ISHARES TR MSCI EAFE ETF 464287465 1,212 18,600 SH Put SOLE   0 0 18,600
FACEBOOK INC CL A 30303M102 694 3,900 SH Put SOLE   0 0 3,900
ALPHABET INC CAP STK CL C 02079K107 1,584 1,300 SH Put SOLE   0 0 1,300
ALPHABET INC CAP STK CL A 02079K305 1,587 1,300 SH Put SOLE   0 0 1,300
HOME DEPOT INC COM 437076102 951 4,100 SH Put SOLE   0 0 4,100
HERSHEY CO COM 427866108 433 2,800 SH Put SOLE   0 0 2,800
INTERNATIONAL BUSINESS MACHS COM 459200101 596 4,100 SH Put SOLE   0 0 4,100
INTEL CORP COM 458140100 211 4,100 SH Put SOLE   0 0 4,100
ISHARES TR RUSSELL 2000 ETF 464287655 2,951 19,500 SH Put SOLE   0 0 19,500
JOHNSON & JOHNSON COM 478160104 5,291 40,900 SH Put SOLE   0 0 40,900
JPMORGAN CHASE & CO COM 46625H100 388 3,300 SH Put SOLE   0 0 3,300
COCA COLA CO COM 191216100 391 7,200 SH Put SOLE   0 0 7,200
SPDR SERIES TRUST S&P REGL BKG 78464A698 4,407 83,500 SH Put SOLE   0 0 83,500
LAM RESEARCH CORP COM 512807108 901 3,900 SH Put SOLE   0 0 3,900
MCDONALDS CORP COM 580135101 794 3,700 SH Put SOLE   0 0 3,700
MONDELEZ INTL INC CL A 609207105 492 8,900 SH Put SOLE   0 0 8,900
MEDTRONIC PLC SHS G5960L103 716 6,600 SH Put SOLE   0 0 6,600
3M CO COM 88579Y101 1,085 6,600 SH Put SOLE   0 0 6,600
ALTRIA GROUP INC COM 02209S103 854 20,900 SH Put SOLE   0 0 20,900
MICROSOFT CORP COM 594918104 3,322 23,900 SH Put SOLE   0 0 23,900
ORACLE CORP COM 68389X105 462 8,400 SH Put SOLE   0 0 8,400
PEPSICO INC COM 713448108 2,522 18,400 SH Put SOLE   0 0 18,400
PHILIP MORRIS INTL INC COM 718172109 1,017 13,400 SH Put SOLE   0 0 13,400
INVESCO QQQ TR UNIT SER 1 46090E103 3,209 17,000 SH Put SOLE   0 0 17,000
RAYTHEON CO COM NEW 755111507 235 1,200 SH Put SOLE   0 0 1,200
SPDR S&P 500 ETF TR TR UNIT 78462F103 125,266 422,100 SH Put SOLE   0 0 422,100
TARGET CORP COM 87612E106 641 6,000 SH Put SOLE   0 0 6,000
THERMO FISHER SCIENTIFIC INC COM 883556102 378 1,300 SH Put SOLE   0 0 1,300
UNITEDHEALTH GROUP INC COM 91324P102 1,868 8,600 SH Put SOLE   0 0 8,600
VISA INC COM CL A 92826C839 223 1,300 SH Put SOLE   0 0 1,300
WALGREENS BOOTS ALLIANCE INC COM 931427108 337 6,100 SH Put SOLE   0 0 6,100
WASHINGTON PRIME GROUP NEW COM 93964W108 82 20,000 SH Put SOLE   0 0 20,000
EXXON MOBIL CORP COM 30231G102 1,864 26,400 SH Put SOLE   0 0 26,400