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
Alcoa Inc Bond 013817AT8 5,153 4,000,000 SH   SOLE NONE 4,000,000 0 0
Alliance Data Systems Corp Bond 018581AC2 14,598 3,285,000 SH   SOLE NONE 3,285,000 0 0
Alpha Natural Resources Inc Bond 02076XAE2 952 1,000,000 SH   SOLE NONE 1,000,000 0 0
Covanta Holding Corp Bond 22282EAC6 5,508 4,000,000 SH   SOLE NONE 4,000,000 0 0
Gilead Sciences Inc Bond 375558AN3 22,275 8,000,000 SH   SOLE NONE 8,000,000 0 0
Microchip Technology Inc Bond 595017AB0 18,803 12,000,000 SH   SOLE NONE 12,000,000 0 0
priceline.com Inc Bond 741503AN6 26,540 8,000,000 SH   SOLE NONE 8,000,000 0 0
RAIT Financial Trust Bond 749227AA2 5,124 4,333,000 SH   SOLE NONE 4,333,000 0 0
Rayonier Inc Bond 75508AAC0 7,608 4,500,000 SH   SOLE NONE 4,500,000 0 0
United Rentals Inc Bond 911363AL3 10,462 2,000,000 SH   SOLE NONE 2,000,000 0 0
Lam Research Corp Equity 512807108 497 9,700 SH   SOLE NONE 9,700 0 0
Nuance Communications Inc Equity 67020Y100 3,123 167,200 SH   SOLE NONE 167,200 0 0
Parkervision Inc Equity 701354102 329 98,139 SH   SOLE NONE 98,139 0 0
3M CO COM 88579Y101 597 5,000 SH Put OTR NONE 0 0 5,000
3M CO COM 88579Y101 2,472 20,700 SH Put OTR NONE 0 0 20,700
ALCOA INC COM 013817101 406 50,000 SH Call OTR NONE 0 0 50,000
ALLIANCE DATA SYSTEMS COM 018581108 529 2,500 SH   OTR NONE 0 0 2,500
ALPHA NATURAL RESOURCE COM 02076X102 149 25,000 SH Put OTR NONE 0 0 25,000
ALPHA NATURAL RESOURCE NOTE 3.750% 02076XAE2 3,332 3,500,000 PRN   OTR NONE 0 0 3,500,000
AMAZON COM INC COM 023135106 3,126 10,000 SH Put OTR NONE 0 0 10,000
APPLIED MATLS INC COM 038222105 877 50,000 SH Put OTR NONE 0 0 50,000
ARCELORMITTAL SA LUXEM NY REGISTRY 03938L104 1,299 95,000 SH Call OTR NONE 0 0 95,000
ARCELORMITTAL SA LUXEM MAND CV NT 1 L0302D178 2,364 110,000 SH   OTR NONE 0 0 110,000
ARCHER DANIELS MIDLAND COM 039483102 888 24,100 SH Put OTR NONE 0 0 24,100
AUTOMATIC DATA PROCESS COM 053015103 926 12,800 SH Put OTR NONE 0 0 12,800
AVIS BUDGET GROUP COM 053774105 79 2,750 SH   OTR NONE 0 0 2,750
AVIS BUDGET GROUP COM 053774105 360 12,500 SH Put OTR NONE 0 0 12,500
BANK OF AMERICA CORPOR COM 060505104 242 17,500 SH Put OTR NONE 0 0 17,500
BANK OF AMERICA CORPOR COM 060505104 269 19,500 SH   OTR NONE 0 0 19,500
BANK OF AMERICA CORPOR COM 060505104 276 20,000 SH Put OTR NONE 0 0 20,000
BEAZER HOMES USA INC COM NEW 07556Q881 54 3,000 SH   OTR NONE 0 0 3,000
BEAZER HOMES USA INC COM NEW 07556Q881 270 15,000 SH Put OTR NONE 0 0 15,000
BEST BUY INC COM 086516101 75 2,000 SH Put OTR NONE 0 0 2,000
BEST BUY INC COM 086516101 563 15,000 SH Put OTR NONE 0 0 15,000
BIOGEN IDEC INC COM 09062X103 48 200 SH   OTR NONE 0 0 200
BIOGEN IDEC INC COM 09062X103 2,408 10,000 SH Put OTR NONE 0 0 10,000
BP PLC SPONSORED AD 055622104 42 1,000 SH   OTR NONE 0 0 1,000
BP PLC SPONSORED AD 055622104 1,551 36,900 SH Put OTR NONE 0 0 36,900
CEMEX SAB DE CV SPON ADR NEW 151290889 280 25,000 SH Call OTR NONE 0 0 25,000
CEMEX SAB DE CV SPON ADR NEW 151290889 335 30,000 SH Put OTR NONE 0 0 30,000
CEMEX SAB DE CV SPON ADR NEW 151290889 1,342 120,000 SH Put OTR NONE 0 0 120,000
CEMEX SAB DE CV NOTE 3.750% 151290BC6 3,250 2,500,000 PRN   OTR NONE 0 0 2,500,000
CHEVRON CORP NEW COM 166764100 61 500 SH   OTR NONE 0 0 500
CHEVRON CORP NEW COM 166764100 608 5,000 SH Put OTR NONE 0 0 5,000
CITIGROUP INC COM NEW 172967424 485 10,000 SH Put OTR NONE 0 0 10,000
CITIGROUP INC COM NEW 172967424 611 12,600 SH   OTR NONE 0 0 12,600
COSTCO WHSL CORP NEW COM 22160K105 2,753 23,900 SH Put OTR NONE 0 0 23,900
DISNEY WALT CO COM DISNEY 254687106 645 10,000 SH Put OTR NONE 0 0 10,000
DISNEY WALT CO COM DISNEY 254687106 1,225 19,000 SH Put OTR NONE 0 0 19,000
DU PONT E I DE NEMOURS COM 263534109 1,171 20,000 SH Put OTR NONE 0 0 20,000
ENPRO INDS INC DBCV 3.938% 29355XAB3 11,510 6,268,000 PRN   OTR NONE 0 0 6,268,000
FACEBOOK INC CL A 30303M102 502 10,000 SH Call OTR NONE 0 0 10,000
FACEBOOK INC CL A 30303M102 502 10,000 SH Call OTR NONE 0 0 10,000
FACEBOOK INC CL A 30303M102 502 10,000 SH Call OTR NONE 0 0 10,000
FACEBOOK INC CL A 30303M102 502 10,000 SH Put OTR NONE 0 0 10,000
FEDEX CORP COM 31428X106 422 3,700 SH Put OTR NONE 0 0 3,700
FEDEX CORP COM 31428X106 571 5,000 SH Put OTR NONE 0 0 5,000
FORD MTR CO DEL COM PAR $0.0 345370860 101 6,000 SH   OTR NONE 0 0 6,000
FORD MTR CO DEL COM PAR $0.0 345370860 169 10,000 SH Put OTR NONE 0 0 10,000
FORD MTR CO DEL COM PAR $0.0 345370860 169 10,000 SH Put OTR NONE 0 0 10,000
GENERAL MTRS CO COM 37045V100 360 10,000 SH Call OTR NONE 0 0 10,000
GILEAD SCIENCES INC COM 375558103 685 10,900 SH Put OTR NONE 0 0 10,900
GOLDCORP INC NEW COM 380956409 390 15,000 SH Call OTR NONE 0 0 15,000
GOLDMAN SACHS GROUP IN COM 38141G104 554 3,500 SH   OTR NONE 0 0 3,500
GOLDMAN SACHS GROUP IN COM 38141G104 1,582 10,000 SH Put OTR NONE 0 0 10,000
HCA HOLDINGS INC COM 40412C101 304 7,100 SH Put OTR NONE 0 0 7,100
HERBALIFE LTD COM USD SHS G4412G101 286 4,100 SH Put OTR NONE 0 0 4,100
HERBALIFE LTD COM USD SHS G4412G101 698 10,000 SH Put OTR NONE 0 0 10,000
HOME DEPOT INC COM 437076102 76 1,000 SH Put OTR NONE 0 0 1,000
HOME DEPOT INC COM 437076102 1,312 17,300 SH Put OTR NONE 0 0 17,300
INTEL CORP SDCV 3.250% 458140AF7 4,953 4,000,000 PRN   OTR NONE 0 0 4,000,000
INTERNATIONAL GAME TEC COM 459902102 237 12,500 SH Put OTR NONE 0 0 12,500
INTERNATIONAL GAME TEC COM 459902102 379 20,000 SH Put OTR NONE 0 0 20,000
INTERNATIONAL GAME TEC COM 459902102 379 20,000 SH Put OTR NONE 0 0 20,000
INTERNATIONAL GAME TEC COM 459902102 426 22,500 SH Call OTR NONE 0 0 22,500
INTERNATIONAL GAME TEC COM 459902102 473 25,000 SH Put OTR NONE 0 0 25,000
INTERNATIONAL GAME TEC COM 459902102 757 40,000 SH Call OTR NONE 0 0 40,000
INTERNATIONAL GAME TEC COM 459902102 1,645 86,900 SH   OTR NONE 0 0 86,900
ISHARES SILVER TRUST ISHARES 46428Q109 209 10,000 SH   OTR NONE 0 0 10,000
ISHARES SILVER TRUST ISHARES 46428Q109 209 10,000 SH Call OTR NONE 0 0 10,000
ISHARES SILVER TRUST ISHARES 46428Q109 209 10,000 SH Put OTR NONE 0 0 10,000
ISHARES SILVER TRUST ISHARES 46428Q109 209 10,000 SH Put OTR NONE 0 0 10,000
JOHNSON & JOHNSON COM 478160104 303 3,500 SH   OTR NONE 0 0 3,500
JOHNSON & JOHNSON COM 478160104 867 10,000 SH Put OTR NONE 0 0 10,000
JOHNSON & JOHNSON COM 478160104 1,899 21,900 SH Put OTR NONE 0 0 21,900
JPMORGAN CHASE & CO COM 46625H100 181 3,500 SH   OTR NONE 0 0 3,500
JPMORGAN CHASE & CO COM 46625H100 517 10,000 SH Put OTR NONE 0 0 10,000
LAM RESEARCH CORP COM 512807108 512 10,000 SH Call OTR NONE 0 0 10,000
LAM RESEARCH CORP COM 512807108 640 12,500 SH Call OTR NONE 0 0 12,500
MBIA INC COM 55262C100 118 11,500 SH   OTR NONE 0 0 11,500
MCDONALDS CORP COM 580135101 250 2,600 SH Put OTR NONE 0 0 2,600
MCDONALDS CORP COM 580135101 962 10,000 SH Put OTR NONE 0 0 10,000
MERITOR INC COM 59001K100 393 50,000 SH Call OTR NONE 0 0 50,000
METLIFE INC COM 59156R108 211 4,500 SH   OTR NONE 0 0 4,500
METLIFE INC COM 59156R108 470 10,000 SH Put OTR NONE 0 0 10,000
MGM RESORTS INTERNATIO COM 552953101 613 30,000 SH Put OTR NONE 0 0 30,000
MICRON TECHNOLOGY INC COM 595112103 101 5,800 SH   OTR NONE 0 0 5,800
MICRON TECHNOLOGY INC COM 595112103 108 6,200 SH Put OTR NONE 0 0 6,200
MICRON TECHNOLOGY INC COM 595112103 437 25,000 SH Put OTR NONE 0 0 25,000
MICRON TECHNOLOGY INC COM 595112103 437 25,000 SH Put OTR NONE 0 0 25,000
MICRON TECHNOLOGY INC COM 595112103 437 25,000 SH Put OTR NONE 0 0 25,000
MICRON TECHNOLOGY INC COM 595112103 873 50,000 SH Put OTR NONE 0 0 50,000
MICROSOFT CORP COM 594918104 67 2,000 SH   OTR NONE 0 0 2,000
MICROSOFT CORP COM 594918104 642 19,300 SH Put OTR NONE 0 0 19,300
MOLYCORP INC DEL COM 608753109 1,039 158,366 SH   OTR NONE 0 0 158,366
MORGAN STANLEY COM NEW 617446448 539 20,000 SH Call OTR NONE 0 0 20,000
MOSAIC CO NEW COM 61945C103 430 10,000 SH Call OTR NONE 0 0 10,000
NEWMONT MINING CORP COM 651639106 126 4,500 SH   OTR NONE 0 0 4,500
NEWMONT MINING CORP COM 651639106 843 30,000 SH Call OTR NONE 0 0 30,000
NIKE INC CL B 654106103 363 5,000 SH Put OTR NONE 0 0 5,000
NIKE INC CL B 654106103 363 5,000 SH Put OTR NONE 0 0 5,000
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 179 4,726 SH   OTR NONE 0 0 4,726
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 378 10,000 SH Put OTR NONE 0 0 10,000
NORFOLK SOUTHERN CORP COM 655844108 774 10,000 SH Put OTR NONE 0 0 10,000
PAIN THERAPEUTICS INC COM 69562K100 103 38,000 SH   OTR NONE 0 0 38,000
PENNEY J C INC COM 708160106 88 10,000 SH Call OTR NONE 0 0 10,000
PENNEY J C INC COM 708160106 110 12,500 SH   OTR NONE 0 0 12,500
PENNEY J C INC COM 708160106 176 20,000 SH Put OTR NONE 0 0 20,000
PEPSICO INC COM 713448108 40 500 SH   OTR NONE 0 0 500
PEPSICO INC COM 713448108 1,590 20,000 SH Put OTR NONE 0 0 20,000
PETROLEO BRASILEIRO SA SPONSORED AD 71654V408 31 2,000 SH   OTR NONE 0 0 2,000
PETROLEO BRASILEIRO SA SPONSORED AD 71654V408 237 15,300 SH Put OTR NONE 0 0 15,300
PETROLEO BRASILEIRO SA SPONSORED AD 71654V408 310 20,000 SH Call OTR NONE 0 0 20,000
PROCTER & GAMBLE CO COM 742718109 76 1,000 SH   OTR NONE 0 0 1,000
PROCTER & GAMBLE CO COM 742718109 756 10,000 SH Put OTR NONE 0 0 10,000
PROCTER & GAMBLE CO COM 742718109 756 10,000 SH Put OTR NONE 0 0 10,000
QUALCOMM INC COM 747525103 673 10,000 SH Call OTR NONE 0 0 10,000
SPDR GOLD TRUST GOLD SHS 78463V107 1,282 10,000 SH Call OTR NONE 0 0 10,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 420 2,500 SH Put OTR NONE 0 0 2,500
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,115 6,639 SH   OTR NONE 0 0 6,639
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,680 10,000 SH Call OTR NONE 0 0 10,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,680 10,000 SH Call OTR NONE 0 0 10,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,680 10,000 SH Call OTR NONE 0 0 10,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,680 10,000 SH Put OTR NONE 0 0 10,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,680 10,000 SH Put OTR NONE 0 0 10,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,680 10,000 SH Put OTR NONE 0 0 10,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,680 10,000 SH Put OTR NONE 0 0 10,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,680 10,000 SH Put OTR NONE 0 0 10,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,680 10,000 SH Put OTR NONE 0 0 10,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,680 10,000 SH Put OTR NONE 0 0 10,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,680 10,000 SH Put OTR NONE 0 0 10,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 3,360 20,000 SH Call OTR NONE 0 0 20,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 3,360 20,000 SH Put OTR NONE 0 0 20,000
SUPERVALU INC COM 868536103 329 40,000 SH Call OTR NONE 0 0 40,000
TESLA MTRS INC COM 88160R101 39 200 SH Put OTR NONE 0 0 200
TESLA MTRS INC COM 88160R101 967 5,000 SH Put OTR NONE 0 0 5,000
TESLA MTRS INC COM 88160R101 967 5,000 SH Put OTR NONE 0 0 5,000
TESLA MTRS INC COM 88160R101 967 5,000 SH Put OTR NONE 0 0 5,000
TEVA PHARMACEUTICAL IN ADR 881624209 57 1,500 SH   OTR NONE 0 0 1,500
TRANSOCEAN LTD REG SHS H8817H100 325 7,300 SH   OTR NONE 0 0 7,300
UNION PAC CORP COM 907818108 1,988 12,800 SH Put OTR NONE 0 0 12,800
UNITED RENTALS INC NOTE 4.000% 911363AL3 15,694 3,000,000 PRN   OTR NONE 0 0 3,000,000
UNITED STATES NATL GAS UNIT PAR $0. 912318201 139 7,600 SH Call OTR NONE 0 0 7,600
UNITED TECHNOLOGIES CO COM 913017109 162 1,500 SH Put OTR NONE 0 0 1,500
VERIFONE SYS INC COM 92342Y109 11 500 SH Call OTR NONE 0 0 500
VERIFONE SYS INC COM 92342Y109 33 1,460 SH   OTR NONE 0 0 1,460
VERIFONE SYS INC COM 92342Y109 153 6,700 SH Put OTR NONE 0 0 6,700
VERIFONE SYS INC COM 92342Y109 229 10,000 SH Put OTR NONE 0 0 10,000
YUM BRANDS INC COM 988498101 714 10,000 SH Put OTR NONE 0 0 10,000
YUM BRANDS INC COM 988498101 1,071 15,000 SH Put OTR NONE 0 0 15,000