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
APPLE INC CALL 037833900 737 7,000 SH Call DFND 0 7,000 0 0
APPLE INC PUT 037833950 737 7,000 SH Put DFND 0 7,000 0 0
BGC PARTNERS INC PUT 05541T951 589 60,000 SH Put DFND 0 60,000 0 0
CISCO SYS INC COM 17275R102 244 9,000 SH   SOLE 9,000 0 0 0
CURRENCYSHARES EURO TR PUT 23130C958 1,596 15,000 SH Put SOLE 15,000 0 0 0
E M C CORP MASS COM 268648102 2,666 103,800 SH   SOLE 103,800 0 0 0
IDACORP INC COM 451107106 410 409,811 SH   SOLE 409,811 0 0 0
INTEL CORP COM 458140100 303 8,800 SH   SOLE 8,800 0 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 467 14,500 SH   SOLE 14,500 0 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 499 4,430 SH   SOLE 4,430 0 0 0
ISHARES TR CALL 464287902 1,204 10,000 SH Call SOLE 10,000 0 0 0
ISHARES TR CALL 464287905 5,112 4,500 SH Call DFND 0 4,500 0 0
ISHARES TR PUT 464287954 229 7,100 SH Put SOLE 7,100 0 0 0
ISHARES TR PUT 464287954 9,828 305,300 SH Put DFND 0 305,300 0 0
ISHARES TR PUT 464287955 248 2,200 SH Put SOLE 2,200 0 0 0
ISHARES TR PUT 464287955 12,342 68,700 SH Put DFND 0 68,700 0 0
ISHARES TR CORE MSCI EAFE 46432F842 329 5,600 SH   SOLE 5,600 0 0 0
ISHARES TR CALL 46432F902 33,600 572,200 SH Call DFND 0 572,200 0 0
ISHARES TR CALL 46432F902 329 5,600 SH Call SOLE 5,600 0 0 0
ISHARES TR PUT 46432F952 16,817 286,400 SH Put DFND 0 286,400 0 0
NETAPP INC COM 64110D104 382 14,400 SH   SOLE 14,400 0 0 0
PLAINS ALL AMERN PIPELINE L PUT 726503955 268 12,000 SH Put DFND 0 12,000 0 0
PROCTER & GAMBLE CO CALL 742718909 1,181 15,000 SH Call DFND 0 15,000 0 0
PROCTER & GAMBLE CO PUT 742718959 1,574 20,000 SH Put DFND 0 20,000 0 0
SALESFORCE COM INC PUT 79466L952 3,920 50,000 SH Put DFND 0 50,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 336 1,650 SH   SOLE 1,650 0 0 0
SPDR S&P 500 ETF TR CALL 78462F903 130,688 559,800 SH Call DFND 0 559,800 0 0
SPDR S&P 500 ETF TR CALL 78462F903 652 3,200 SH Call SOLE 3,200 0 0 0
SPDR S&P 500 ETF TR PUT 78462F953 43,003 165,800 SH Put DFND 0 165,800 0 0
UNITED STATES NATL GAS FUND CALL 912318901 520 60,000 SH Call SOLE 60,000 0 0 0