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
ABBOTT LABS COM 002824100 149 20,000 SH Call OTR 1 2 0 20,000 0
ACE LTD SHS H0023R105 99 996 SH   OTR 1 2 0 996 0
ACE LTD SHS H0023R105 315 33,200 SH Call OTR 1 2 0 33,200 0
ALLIED WRLD ASSUR COM HLDG A SHS H01531104 258 2,500 SH   OTR 1 2 0 2,500 0
ALLSTATE CORP COM 020002101 430 7,600 SH   OTR 1 2 0 7,600 0
ALLSTATE CORP COM 020002101 254 25,000 SH Call OTR 1 2 0 25,000 0
AMERICAN EXPRESS CO COM 025816109 464 35,000 SH Call OTR 1 2 0 35,000 0
AMERICAN EXPRESS CO COM 025816109 27 300 SH   OTR 1 2 0 300 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 9 442 SH   OTR 1 2 0 442 0
AMERICAN INTL GROUP INC COM NEW 026874784 376 7,520 SH   OTR 1 2 0 7,520 0
AT&T INC COM 00206R102 256 7,295 SH   OTR 1 2 0 7,295 0
BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 602 73,241 SH   OTR 1 2 0 73,241 0
BANK OF AMERICA CORPORATION COM 060505104 8,279 481,334 SH   OTR 1 2 0 481,334 0
BANK OF AMERICA CORPORATION COM 060505104 1,537 225,400 SH Call OTR 1 2 0 225,400 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 72 47,100 SH Call OTR 1 2 0 47,100 0
BB&T CORP COM 054937107 2,517 62,656 SH   OTR 1 2 0 62,656 0
BB&T CORP COM 054937107 461 46,100 SH Call OTR 1 2 0 46,100 0
BBCN BANCORP INC COM 073295107 342 19,981 SH   OTR 1 2 0 19,981 0
BECTON DICKINSON & CO COM 075887109 234 2,000 SH   OTR 1 2 0 2,000 0
BED BATH & BEYOND INC COM 075896100 194 15,000 SH Call OTR 1 2 0 15,000 0
BRISTOL MYERS SQUIBB CO COM 110122108 145 2,800 SH   OTR 1 2 0 2,800 0
BRISTOL MYERS SQUIBB CO COM 110122108 192 20,000 SH Call OTR 1 2 0 20,000 0
BROOKLINE BANCORP INC DEL COM 11373M107 269 28,505 SH   OTR 1 2 0 28,505 0
C&J ENERGY SVCS INC COM 12467B304 335 11,500 SH   OTR 1 2 0 11,500 0
CAPITAL ONE FINL CORP *W EXP 11/14/201 14040H139 3,615 102,256 SH   OTR 1 2 0 102,256 0
CAPITAL ONE FINL CORP COM 14040H105 1,778 23,310 SH   OTR 1 2 0 23,310 0
CERUS CORP COM 157085101 249 51,837 SH   OTR 1 2 0 51,837 0
CISCO SYS INC COM 17275R102 35 10,000 SH Call OTR 1 2 0 10,000 0
CIT GROUP INC COM NEW 125581801 789 16,100 SH   OTR 1 2 0 16,100 0
CIT GROUP INC COM NEW 125581801 98 15,000 SH Call OTR 1 2 0 15,000 0
CITIGROUP INC COM NEW 172967424 215 22,800 SH Call OTR 1 2 0 22,800 0
CITIGROUP INC COM NEW 172967424 1,112 23,375 SH   OTR 1 2 0 23,375 0
CLIFTON SVGS BANCORP INC COM 18712Q103 117 10,000 SH   OTR 1 2 0 10,000 0
CNO FINL GROUP INC COM 12621E103 5,324 294,171 SH   OTR 1 2 0 294,171 0
COMERICA INC *W EXP 11/14/201 200340115 2,142 95,642 SH   OTR 1 2 0 95,642 0
COMERICA INC COM 200340107 406 7,850 SH   OTR 1 2 0 7,850 0
CONNECTONE BANCORP INC COM 20786U101 490 10,000 SH   OTR 1 2 0 10,000 0
DENBURY RES INC COM NEW 247916208 40 15,000 SH Call OTR 1 2 0 15,000 0
DEVON ENERGY CORP NEW COM 25179M103 49 3,000 SH Call OTR 1 2 0 3,000 0
DEVON ENERGY CORP NEW COM 25179M103 214 3,200 SH   OTR 1 2 0 3,200 0
DISCOVER FINL SVCS COM 254709108 466 8,000 SH   OTR 1 2 0 8,000 0
DISCOVER FINL SVCS COM 254709108 371 28,100 SH Call OTR 1 2 0 28,100 0
E M C CORP MASS COM 268648102 67 15,000 SH Call OTR 1 2 0 15,000 0
EASTERN VA BANKSHARES INC COM 277196101 103 16,000 SH   OTR 1 2 0 16,000 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 355 6,600 SH   OTR 1 2 0 6,600 0
ENTERPRISE FINL SVCS CORP COM 293712105 663 33,049 SH   OTR 1 2 0 33,049 0
ESSA BANCORP INC COM 29667D104 393 36,132 SH   OTR 1 2 0 36,132 0
FACEBOOK INC CL A 30303M102 331 5,500 SH   OTR 1 2 0 5,500 0
FIFTH THIRD BANCORP COM 316773100 330 74,000 SH Call OTR 1 2 0 74,000 0
FIFTH THIRD BANCORP COM 316773100 2,029 88,386 SH   OTR 1 2 0 88,386 0
FIRST CLOVER LEAF FIN CORP COM 31969M105 169 17,752 SH   OTR 1 2 0 17,752 0
FIRST DEFIANCE FINL CORP COM 32006W106 475 17,541 SH   OTR 1 2 0 17,541 0
GENERAL ELECTRIC CO COM 369604103 436 80,000 SH Call OTR 1 2 0 80,000 0
GENIE ENERGY LTD CL B 372284208 356 35,739 SH   OTR 1 2 0 35,739 0
HAMPTON ROADS BANKSHARES INC COM NEW 409321502 799 502,698 SH   OTR 1 2 0 502,698 0
HANCOCK HLDG CO COM 410120109 1,161 31,683 SH   OTR 1 2 0 31,683 0
HANMI FINL CORP COM NEW 410495204 454 19,473 SH   OTR 1 2 0 19,473 0
HANOVER INS GROUP INC COM 410867105 800 13,026 SH   OTR 1 2 0 13,026 0
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 1,332 49,955 SH   OTR 1 2 0 49,955 0
HOLOGIC INC COM 436440101 46 11,000 SH Call OTR 1 2 0 11,000 0
HUDSON CITY BANCORP COM 443683107 167 17,000 SH   OTR 1 2 0 17,000 0
HUDSON VALLEY HOLDING CORP COM 444172100 687 36,043 SH   OTR 1 2 0 36,043 0
HUNTINGTON BANCSHARES INC COM 446150104 741 74,330 SH   OTR 1 2 0 74,330 0
HUNTSMAN CORP COM 447011107 96 15,000 SH Call OTR 1 2 0 15,000 0
IMPAC MTG HLDGS INC COM NEW 45254P508 577 96,365 PRN   OTR 1 2 0 96,365 0
INVENSENSE INC COM 46123D205 158 15,000 SH Call OTR 1 2 0 15,000 0
INVESTORS BANCORP INC COM 46146P102 1,682 60,871 SH   OTR 1 2 0 60,871 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 2,575 127,489 SH   OTR 1 2 0 127,489 0
JPMORGAN CHASE & CO COM 46625H100 1,253 20,634 SH   OTR 1 2 0 20,634 0
JPMORGAN CHASE & CO COM 46625H100 1,236 103,100 SH Call OTR 1 2 0 103,100 0
KEARNY FINL CORP COM 487169104 162 10,946 SH   OTR 1 2 0 10,946 0
KEYCORP NEW COM 493267108 216 30,000 SH Call OTR 1 2 0 30,000 0
KEYCORP NEW COM 493267108 2,321 162,960 SH   OTR 1 2 0 162,960 0
LEADING BRANDS INC COM NEW 52170U207 775 195,189 SH   OTR 1 2 0 195,189 0
LEGG MASON INC COM 524901105 402 8,200 SH   OTR 1 2 0 8,200 0
LENNAR CORP CL A 526057104 261 6,600 SH   OTR 1 2 0 6,600 0
LINCOLN NATL CORP IND COM 534187109 334 6,600 SH   OTR 1 2 0 6,600 0
M & T BK CORP *W EXP 12/23/201 55261F112 3,645 76,254 SH   OTR 1 2 0 76,254 0
MADISON SQUARE GARDEN CO CL A 55826P100 208 3,667 SH   OTR 1 2 0 3,667 0
MAIDEN HOLDINGS LTD SHS G5753U112 243 19,500 SH   OTR 1 2 0 19,500 0
MERCK & CO INC NEW COM 58933Y105 167 10,000 SH Call OTR 1 2 0 10,000 0
MERIDIAN INTERSTAT BANCORP I COM 58964Q104 531 20,767 SH   OTR 1 2 0 20,767 0
METLIFE INC COM 59156R108 807 15,280 SH   OTR 1 2 0 15,280 0
METLIFE INC COM 59156R108 379 35,400 SH Call OTR 1 2 0 35,400 0
MICROSOFT CORP COM 594918104 145 15,200 SH Call OTR 1 2 0 15,200 0
MIDSOUTH BANCORP INC COM 598039105 236 14,042 SH   OTR 1 2 0 14,042 0
MONARCH FINANCIAL HOLDINGS I COM 60907Q100 361 29,420 SH   OTR 1 2 0 29,420 0
MORGAN STANLEY COM NEW 617446448 538 44,000 SH Call OTR 1 2 0 44,000 0
MORGAN STANLEY COM NEW 617446448 588 18,851 SH   OTR 1 2 0 18,851 0
NBT BANCORP INC COM 628778102 1,321 53,997 SH   OTR 1 2 0 53,997 0
NORTHWEST BANCSHARES INC MD COM 667340103 1,857 127,217 SH   OTR 1 2 0 127,217 0
PARTNERRE LTD COM G6852T105 700 6,761 SH   OTR 1 2 0 6,761 0
PATRIOT NATL BANCORP INC COM 70336F104 31 24,285 SH   OTR 1 2 0 24,285 0
PEOPLES FINL CORP MISS COM 71103B102 279 21,000 SH   OTR 1 2 0 21,000 0
PEOPLES UNITED FINANCIAL INC COM 712704105 192 12,937 SH   OTR 1 2 0 12,937 0
PNC FINL SVCS GROUP INC *W EXP 12/31/201 693475121 281 11,890 SH   OTR 1 2 0 11,890 0
PNC FINL SVCS GROUP INC COM 693475105 4,034 46,366 SH   OTR 1 2 0 46,366 0
PNC FINL SVCS GROUP INC COM 693475105 321 12,000 SH Call OTR 1 2 0 12,000 0
POPULAR INC COM NEW 733174700 452 14,584 SH   OTR 1 2 0 14,584 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 1,308 34,300 SH   OTR 1 2 0 34,300 0
QEP RES INC COM 74733V100 863 72,800 SH   OTR 1 2 0 72,800 0
QEP RES INC COM 74733V100 550 172,100 SH Call OTR 1 2 0 172,100 0
RITE AID CORP COM 767754104 746 118,992 SH   OTR 1 2 0 118,992 0
SEACOAST BKG CORP FLA COM NEW 811707801 1,513 137,526 SH   OTR 1 2 0 137,526 0
SKYWORKS SOLUTIONS INC COM 83088M102 175 10,000 SH Call OTR 1 2 0 10,000 0
SOUTHCOAST FINANCIAL CORP COM 84129R100 205 28,079 SH   OTR 1 2 0 28,079 0
SOUTHERN NATL BANCORP OF VA COM 843395104 1,926 189,055 SH   OTR 1 2 0 189,055 0
STAPLES INC COM 855030102 33 20,000 SH Call OTR 1 2 0 20,000 0
STATE STR CORP COM 857477103 424 6,100 SH   OTR 1 2 0 6,100 0
SUNTRUST BKS INC *W EXP 12/31/201 867914129 80 7,354 SH   OTR 1 2 0 7,354 0
SUNTRUST BKS INC COM 867914103 1,078 27,098 SH   OTR 1 2 0 27,098 0
SUNTRUST BKS INC COM 867914103 127 10,000 SH Call OTR 1 2 0 10,000 0
SUSQUEHANNA BANCSHARES INC P COM 869099101 439 38,647 SH   OTR 1 2 0 38,647 0
SYNOVUS FINL CORP COM 87161C105 1,906 575,323 SH   OTR 1 2 0 575,323 0
TALISMAN ENERGY INC COM 87425E103 22 20,000 SH Call OTR 1 2 0 20,000 0
TAYLOR CAP GROUP INC COM 876851106 12,388 517,888 SH   OTR 1 2 0 517,888 0
TECHE HLDG CO COM 878330109 287 3,631 SH   OTR 1 2 0 3,631 0
TOTAL SYS SVCS INC COM 891906109 15 477 SH   OTR 1 2 0 477 0
TOTAL SYS SVCS INC COM 891906109 75 10,000 SH Call OTR 1 2 0 10,000 0
TRAVELERS COMPANIES INC COM 89417E109 102 1,200 SH   OTR 1 2 0 1,200 0
TRAVELERS COMPANIES INC COM 89417E109 276 26,600 SH Call OTR 1 2 0 26,600 0
UNITED FINANCIAL BANCORP INC COM 91030T109 668 36,323 SH   OTR 1 2 0 36,323 0
US BANCORP DEL COM NEW 902973304 1,063 24,800 SH   OTR 1 2 0 24,800 0
WATERSTONE FINL INC MD COM 94188P101 193 18,561 SH   OTR 1 2 0 18,561 0
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 492 26,400 SH   OTR 1 2 0 26,400 0
WELLS FARGO & CO NEW COM 949746101 279 5,619 SH   OTR 1 2 0 5,619 0
WELLS FARGO & CO NEW COM 949746101 723 62,500 SH Call OTR 1 2 0 62,500 0
XEROX CORP COM 984121103 3 300 SH   OTR 1 2 0 300 0
XEROX CORP COM 984121103 33 15,000 SH Call OTR 1 2 0 15,000 0
XL GROUP PLC SHS G98290102 375 12,000 SH   OTR 1 2 0 12,000 0
YOU ON DEMAND HLDGS INC COM NEW 98741R207 123 27,121 SH   OTR 1 2 0 27,121 0