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
ALLSTATE CORP COM 020002101 602 6,499 SH   SOLE   6,499 0 0
ALLY FINL INC COM 02005N100 319 11,300 SH   SOLE   11,300 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,873 42,289 SH   SOLE   42,289 0 0
AVALONBAY CMNTYS INC COM 053484101 61 368 SH   SOLE   368 0 0
BARCLAYS PLC ADR 06738E204 154 19,606 SH   SOLE   19,606 0 0
CANADIAN NAT RES LTD COM 136385101 213 7,475 SH   SOLE   7,475 0 0
CARNIVAL CORP PUT 143658950 33 5,000 SH Put SOLE   5,000 0 0
CATERPILLAR INC DEL COM 149123101 1,019 8,198 SH   SOLE   8,198 0 0
CHUBB LIMITED COM H1467J104 50 344 SH   SOLE   344 0 0
CITIGROUP INC COM NEW 172967424 538 9,526 SH   SOLE   9,526 0 0
DEVON ENERGY CORP NEW COM 25179M103 158 4,645 SH   SOLE   4,645 0 0
DOMTAR CORP NEW COM 257559203 45 1,161 SH   SOLE   1,161 0 0
ENCANA CORP COM 292505104 754 88,992 SH   SOLE   88,992 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 483 7,882 SH   SOLE   7,882 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 580 2,496 SH   SOLE   2,496 0 0
GOODYEAR TIRE & RUBR CO CALL 382550901 11 10,000 SH Call SOLE   10,000 0 0
HALLIBURTON CO CALL 406216901 10 3,000 SH Call SOLE   3,000 0 0
HALLIBURTON CO COM 406216101 114 3,266 SH   SOLE   3,266 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 663 13,507 SH   SOLE   13,507 0 0
ISHARES TR PUT 464287955 68 10,000 SH Put SOLE   10,000 0 0
ISHARES TR PUT 464287956 459 65,000 SH Put SOLE   65,000 0 0
ISHARES TR NASDAQ BIOTECH 464287556 4,399 40,438 SH   SOLE   40,438 0 0
JPMORGAN CHASE & CO COM 46625H100 229 2,224 SH   SOLE   2,224 0 0
KIMCO RLTY CORP COM 49446R109 92 3,290 SH   SOLE   3,290 0 0
LILLY ELI & CO PUT 532457958 585 131,500 SH Put SOLE   131,500 0 0
LINCOLN NATL CORP IND COM 534187109 460 7,754 SH   SOLE   7,754 0 0
MARSH & MCLENNAN COS INC COM 571748102 90 1,098 SH   SOLE   1,098 0 0
MERCK & CO INC PUT 58933Y955 348 102,100 SH Put SOLE   102,100 0 0
MGIC INVT CORP WIS COM 552848103 220 17,027 SH   SOLE   17,027 0 0
MORGAN STANLEY COM NEW 617446448 2,710 54,769 SH   SOLE   54,769 0 0
MORGAN STANLEY PUT 617446958 114 25,500 SH Put SOLE   25,500 0 0
PFIZER INC CALL 717081903 49 17,500 SH Call SOLE   17,500 0 0
PFIZER INC PUT 717081953 623 330,300 SH Put SOLE   330,300 0 0
RADIAN GROUP INC COM 750236101 658 36,499 SH   SOLE   36,499 0 0
ROYAL CARIBBEAN CRUISES LTD PUT V7780T953 42 4,500 SH Put SOLE   4,500 0 0
RYDER SYS INC COM 783549108 457 6,594 SH   SOLE   6,594 0 0
SELECT SECTOR SPDR TR CALL 81369Y909 772 122,200 SH Call SOLE   122,200 0 0
SELECT SECTOR SPDR TR CALL 81369Y905 27 15,000 SH Call SOLE   15,000 0 0
SELECT SECTOR SPDR TR PUT 81369Y955 71 42,500 SH Put SOLE   42,500 0 0
SELECT SECTOR SPDR TR PUT 81369Y959 1,094 375,900 SH Put SOLE   375,900 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 574 22,431 SH   SOLE   22,431 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 971 12,148 SH   SOLE   12,148 0 0
SIMON PPTY GROUP INC NEW COM 828806109 730 4,419 SH   SOLE   4,419 0 0
SITE CENTERS CORP COM 82981J109 108 9,000 SH   SOLE   9,000 0 0
SPDR S&P 500 ETF TR CALL 78462F903 1,280 78,300 SH Call SOLE   78,300 0 0
SPDR S&P 500 ETF TR PUT 78462F953 1,851 152,200 SH Put SOLE   152,200 0 0
TYSON FOODS INC PUT 902494953 46 10,000 SH Put SOLE   10,000 0 0
WEYERHAEUSER CO CALL 962166904 33 11,500 SH Call SOLE   11,500 0 0
WEYERHAEUSER CO COM 962166104 365 13,435 SH   SOLE   13,435 0 0