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 PUT 037833950 1,342 12,400 SH Put DFND 1 0 12,400 0
BGC PARTNERS INC PUT 05541T951 733 60,000 SH Put DFND 1 0 60,000 0
CISCO SYS INC COM 17275R102 256 9,000 SH   SOLE 0 9,000 0 0
CURRENCYSHARES EURO TR PUT 23130C958 3,335 30,000 SH Put SOLE 0 30,000 0 0
E M C CORP MASS COM 268648102 2,766 103,800 SH   SOLE 0 103,800 0 0
FIRST BANCORP INC ME COM 31866P102 1 27,000 SH   SOLE 0 27,000 0 0
IDACORP INC COM 451107106 424 424,329 SH   SOLE 0 424,329 0 0
INTEL CORP COM 458140100 285 8,800 SH   SOLE 0 8,800 0 0
ISHARES TR 20 YR TR BD ETF 464287432 1,301 10,000 SH Call SOLE 0 10,000 0 0
ISHARES TR CALL 464287905 4,568 4,100 SH Call DFND 1 0 4,100 0
ISHARES TR PUT 464287955 24,723 149,100 SH Put DFND 1 0 149,100 0
ISHARES TR PUT 46432F952 39,092 683,900 SH Put DFND 1 0 683,900 0
NETAPP INC COM 64110D104 393 14,400 SH   SOLE 0 14,400 0 0
PLAINS ALL AMERN PIPELINE L PUT 726503955 947 46,500 SH Put DFND 1 0 46,500 0
SALESFORCE COM INC PUT 79466L952 7,383 100,000 SH Put DFND 1 0 100,000 0
SPDR S&P 500 ETF TR CALL 78462F903 10,711 5,200 SH Call DFND 1 0 5,200 0
SPDR S&P 500 ETF TR PUT 78462F953 66,985 232,100 SH Put DFND 1 0 232,100 0
UNITED STATES NATL GAS FUND CALL 912318901 400 60,000 SH Call SOLE 0 60,000 0 0