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 LEHMAN 20+ YR TREAS 20+ YR TR BD ETF 464287432 6,362 48,680 SH   SOLE   48,680 0 0
ISHARES LEHMAN TRES INF PR S TIPS BD ETF 464287176 2,078 18,295 SH   SOLE   18,295 0 0
PERITUS HIGH YIELD ETF PERITUS HG YLD 00768Y503 1,040 25,125 SH   SOLE   25,125 0 0
POWERSHARES DB AGRICULTURE F PS DB AGRICUL FD 73936B408 1,601 72,295 SH   SOLE   72,295 0 0
POWERSHARES DB ENERGY FUND DB ENERGY FUND 73936B101 864 54,390 SH   SOLE   54,390 0 0
POWERSHARES DB US DOL IND BU DOLL INDX BULL 73936D107 2,190 84,545 SH   SOLE   84,545 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,001 8,805 SH   SOLE   8,805 0 0
SPDR LEHMAN HIGH YIELD BOND BRC HGH YLD BD 78464A417 1,042 26,575 SH   SOLE   26,575 0 0
SPDR S&P 500 ETF TRUST TR UNIT 78462F103 20,251 98,100 SH Put SOLE   98,100 0 0
SPDR S&P 500 ETF TRUST TR UNIT 78462F103 20,251 98,100 SH Put SOLE   98,100 0 0
SPDR S&P 500 ETF TRUST TR UNIT 78462F103 40,502 196,200 SH Put SOLE   196,200 0 0
SPDR S&P 500 ETF TRUST TR UNIT 78462F103 5,574 27,000 SH Call SOLE   27,000 0 0
SPDR S&P 500 ETF TRUST TR UNIT 78462F103 6,503 31,500 SH Call SOLE   31,500 0 0
SPDR S&P 500 ETF TRUST TR UNIT 78462F103 97,206 470,890 SH   SOLE   470,890 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 791 46,995 SH   SOLE   46,995 0 0
US NATURAL GAS FUND LP UNIT PAR $0.001 912318201 1,099 82,975 SH   SOLE   82,975 0 0
WISDOMTREE EUROPE HEDGED EQU EUROPE HEDGED EQ 97717X701 2,264 34,235 SH   SOLE   34,235 0 0