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
ADOBE SYS INC COM 00724F101 2 18,300 SH Put SOLE 18,300 0 0
ADOBE SYS INC COM 00724F101 21 6,000 SH Call SOLE 6,000 0 0
ALCOA INC COM 013817101 1,194 245,000 SH Call SOLE 245,000 0 0
ALCOA INC COM 013817101 1 110,900 SH Put SOLE 110,900 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 9,206 2,166,222 SH   SOLE 2,166,222 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 31 798,300 SH Call SOLE 798,300 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 6,237 3,909,200 SH Put SOLE 3,909,200 0 0
ALPHA NATURAL RESOURCES INC NOTE 4.875%12/1 02076XAF9 411 500,000 PRN   SOLE 500,000 0 0
ARCH COAL INC COM 039380100 649 707,700 SH Call SOLE 707,700 0 0
ARCH COAL INC COM 039380100 1,338 5,160,500 SH Put SOLE 5,160,500 0 0
ARCH COAL INC COM 039380100 3,236 671,283 SH   SOLE 671,283 0 0
BASIC ENERGY SVCS INC NEW COM 06985P100 9 76,400 SH Put SOLE 76,400 0 0
BASIC ENERGY SVCS INC NEW COM 06985P100 4 400 SH Call SOLE 400 0 0
CARBO CERAMICS INC COM 140781105 97 700 SH   SOLE 700 0 0
CARBO CERAMICS INC COM 140781105 20 10,000 SH Put SOLE 10,000 0 0
CENTRAL FD CDA LTD CL A 153501101 58,284 4,235,784 SH   SOLE 4,235,784 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 1,038 24,515 SH   SOLE 24,515 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 3 12,000 SH Call SOLE 12,000 0 0
CHINA LIFE INS CO LTD SPON ADR REP H 16939P106 87 31,300 SH Put SOLE 31,300 0 0
COACH INC COM 189754104 60 1,200 SH   SOLE 1,200 0 0
COACH INC COM 189754104 13 10,000 SH Put SOLE 10,000 0 0
COBALT INTL ENERGY INC COM 19075F106 35 100,000 SH Put SOLE 100,000 0 0
COBALT INTL ENERGY INC COM 19075F106 137 7,467 SH   SOLE 7,467 0 0
CROCS INC COM 227046109 51 3,300 SH   SOLE 3,300 0 0
CROCS INC COM 227046109 5 46,600 SH Put SOLE 46,600 0 0
DELEK US HLDGS INC COM 246647101 871 30,000 SH   SOLE 30,000 0 0
DELEK US HLDGS INC COM 246647101 140 37,800 SH Put SOLE 37,800 0 0
ENERPLUS CORP COM 292766102 54 2,700 SH   SOLE 2,700 0 0
ENERPLUS CORP COM 292766102 2 40,000 SH Put SOLE 40,000 0 0
EXPRESS INC COM 30219E103 3 50,000 SH Call SOLE 50,000 0 0
EXXON MOBIL CORP COM 30231G102 18 16,400 SH Put SOLE 16,400 0 0
EXXON MOBIL CORP COM 30231G102 176 1,799 SH   SOLE 1,799 0 0
EXXON MOBIL CORP COM 30231G102 20 15,200 SH Call SOLE 15,200 0 0
FERRO CORP COM 315405100 175 12,800 SH   SOLE 12,800 0 0
FRANCO NEVADA CORP COM 351858105 41 900 SH   SOLE 900 0 0
FRANCO NEVADA CORP COM 351858105 3 25,200 SH Put SOLE 25,200 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T107 22 12,300 SH   SOLE 12,300 0 0
GOLDCORP INC NEW COM 380956409 130 5,298 SH   SOLE 5,298 0 0
GOLDCORP INC NEW COM 380956409 24 24,900 SH Call SOLE 24,900 0 0
GOLDCORP INC NEW COM 380956409 31 64,500 SH Put SOLE 64,500 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 25 100,000 SH Put SOLE 100,000 0 0
HDFC BANK LTD ADR REPS 3 SHS 40415F101 283 6,900 SH   SOLE 6,900 0 0
HEWLETT PACKARD CO COM 428236103 3 100 SH   SOLE 100 0 0
HEWLETT PACKARD CO COM 428236103 0 14,000 SH Put SOLE 14,000 0 0
ISHARES MSCI EMG MKT ETF 464287234 620 15,118 SH   SOLE 15,118 0 0
ISHARES RUSSELL 2000 ETF 464287655 607 5,215 SH   SOLE 5,215 0 0
JDS UNIPHASE CORP COM PAR $0.001 46612J507 22 1,600 SH   SOLE 1,600 0 0
JDS UNIPHASE CORP COM PAR $0.001 46612J507 8 119,700 SH Put SOLE 119,700 0 0
KOHLS CORP COM 500255104 15 3,500 SH Call SOLE 3,500 0 0
KOHLS CORP COM 500255104 1 10,800 SH Put SOLE 10,800 0 0
MASCO CORP COM 574599106 195 8,800 SH   SOLE 8,800 0 0
MASCO CORP COM 574599106 39 40,000 SH Put SOLE 40,000 0 0
MORGAN STANLEY COM NEW 617446448 48 89,700 SH Put SOLE 89,700 0 0
MORGAN STANLEY COM NEW 617446448 1,992 63,900 SH   SOLE 63,900 0 0
OCWEN FINL CORP COM NEW 675746309 9,993 255,056 SH   SOLE 255,056 0 0
OCWEN FINL CORP COM NEW 675746309 2,785 252,000 SH Put SOLE 252,000 0 0
PEABODY ENERGY CORP COM 704549104 375 22,950 SH   SOLE 22,950 0 0
PEABODY ENERGY CORP COM 704549104 89 42,400 SH Put SOLE 42,400 0 0
PENNEY J C INC COM 708160106 912 105,800 SH   SOLE 105,800 0 0
PENNEY J C INC COM 708160106 61 443,200 SH Put SOLE 443,200 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2 86,300 SH Call SOLE 86,300 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 452 400,000 SH Put SOLE 400,000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 3,446 262,048 SH   SOLE 262,048 0 0
POLYCOM INC COM 73172K104 28 50,000 SH Call SOLE 50,000 0 0
RADIOSHACK CORP COM 750438103 98 46,166 SH   SOLE 46,166 0 0
RADIOSHACK CORP COM 750438103 0 50,000 SH Call SOLE 50,000 0 0
RITE AID CORP COM 767754104 147 23,500 SH   SOLE 23,500 0 0
RITE AID CORP COM 767754104 15 200,000 SH Put SOLE 200,000 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,571 70,293 SH   SOLE 70,293 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 31 260,700 SH Put SOLE 260,700 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 4,348 23,250 SH   SOLE 23,250 0 0
TATA MTRS LTD SPONSORED ADR 876568502 87 20,000 SH Call SOLE 20,000 0 0
TATA MTRS LTD SPONSORED ADR 876568502 7 56,800 SH Put SOLE 56,800 0 0
TRANSOCEAN LTD REG SHS H8817H100 1 38,100 SH Call SOLE 38,100 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 345 9,373 SH   SOLE 9,373 0 0
WALTER ENERGY INC COM 93317Q105 4,943 653,807 SH   SOLE 653,807 0 0
WALTER ENERGY INC COM 93317Q105 628 408,400 SH Call SOLE 408,400 0 0
WALTER ENERGY INC COM 93317Q105 6,540 1,735,500 SH Put SOLE 1,735,500 0 0
YAMANA GOLD INC COM 98462Y100 36 4,100 SH   SOLE 4,100 0 0
YAMANA GOLD INC COM 98462Y100 2 29,000 SH Put SOLE 29,000 0 0
ZIONS BANCORPORATION COM 989701107 17 26,200 SH Put SOLE 26,200 0 0
ZIONS BANCORPORATION COM 989701107 276 8,917 SH   SOLE 8,917 0 0
ZIONS BANCORPORATION COM 989701107 7 14,700 SH Call SOLE 14,700 0 0