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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 323 3,000 SH   SOLE 3,000 0 0
ANNALY CAP MGMT INC COM 035710409 511 46,000 SH   SOLE 46,000 0 0
APPLE INC COM 037833100 419 450,000 SH Call SOLE 450,000 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 517 16,600 SH   SOLE 16,600 0 0
AVON PRODS INC COM 054303102 44 10,000 SH   SOLE 10,000 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 585 19,700 SH   SOLE 19,700 0 0
BOEING CO COM 097023105 1,662 9,400 SH   SOLE 9,400 0 0
BP PLC SPONSORED ADR 055622104 476 13,800 SH   SOLE 13,800 0 0
BUCKLE INC COM 118440106 5 45,000 SH Put SOLE 45,000 0 0
CHEVRON CORP NEW COM 166764100 279 2,600 SH   SOLE 2,600 0 0
CLIFFS NAT RES INC COM 18683K101 0 11,300 SH Call SOLE 11,300 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX STERM 22542D795 234 3,200 SH   SOLE 3,200 0 0
DISNEY WALT CO COM DISNEY 254687106 329 2,900 SH   SOLE 2,900 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 278 7,600 SH   SOLE 7,600 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 627 22,700 SH   SOLE 22,700 0 0
FACEBOOK INC CL A 30303M102 6 14,200 SH Put SOLE 14,200 0 0
GENERAL MTRS CO COM 37045V100 884 25,000 SH   SOLE 25,000 0 0
HOME DEPOT INC COM 437076102 984 6,700 SH   SOLE 6,700 0 0
HOVNANIAN ENTERPRISES INC CL A 442487203 23 10,000 SH   SOLE 10,000 0 0
HOVNANIAN ENTERPRISES INC CL A 442487203 5 15,000 SH Call SOLE 15,000 0 0
ILG INC COM 44967H101 4,010 191,300 SH   SOLE 191,300 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 505 2,900 SH   SOLE 2,900 0 0
ISHARES TR 20 YR TR BD ETF 464287432 0 20,000 SH Call SOLE 20,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 660 4,800 SH   SOLE 4,800 0 0
ISHARES TR IBOXX HI YD ETF 464288513 10,534 120,000 SH   SOLE 120,000 0 0
JOHNSON & JOHNSON COM 478160104 660 5,300 SH   SOLE 5,300 0 0
JPMORGAN CHASE & CO COM 46625H100 3,780 43,035 SH   SOLE 43,035 0 0
KINDER MORGAN INC DEL COM 49456B101 253 11,632 SH   SOLE 11,632 0 0
KKR & CO L P DEL COM UNITS 48248M102 294 16,100 SH   SOLE 16,100 0 0
LAS VEGAS SANDS CORP COM 517834107 976 17,100 SH   SOLE 17,100 0 0
MCDONALDS CORP COM 580135101 4,070 31,400 SH   SOLE 31,400 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 3,741 50,700 SH   SOLE 50,700 0 0
MICROSOFT CORP COM 594918104 84 67,500 SH Call SOLE 67,500 0 0
MICROSOFT CORP COM 594918104 7 67,500 SH Put SOLE 67,500 0 0
NOVARTIS A G SPONSORED ADR 66987V109 512 6,900 SH   SOLE 6,900 0 0
OCWEN FINL CORP COM NEW 675746309 96 17,500 SH   SOLE 17,500 0 0
PHILIP MORRIS INTL INC COM 718172109 1,039 9,200 SH   SOLE 9,200 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 26 11,100 SH Put SOLE 11,100 0 0
PRICE T ROWE GROUP INC COM 74144T108 273 4,000 SH   SOLE 4,000 0 0
QUALCOMM INC COM 747525103 568 9,900 SH   SOLE 9,900 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 1,152 15,800 SH   SOLE 15,800 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 413 9,000 SH   SOLE 9,000 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 0 10,000 SH Put SOLE 10,000 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 15,269 74,000 SH   SOLE 74,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 20 10,000 SH Call SOLE 10,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 7 10,000 SH Put SOLE 10,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 28,152 119,421 SH   SOLE 119,421 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADR 881624209 305 9,500 SH   SOLE 9,500 0 0
TRANSOCEAN LTD REG SHS H8817H100 125 10,000 SH   SOLE 10,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 311 2,900 SH   SOLE 2,900 0 0
UNIVERSAL DISPLAY CORP COM 91347P105 517 6,000 SH   SOLE 6,000 0 0
WELLS FARGO & CO NEW COM 949746101 713 12,808 SH   SOLE 12,808 0 0
WESTERN DIGITAL CORP COM 958102105 900 10,900 SH   SOLE 10,900 0 0