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
3M CO COM 88579Y101 14,025 100,000 SH Put DFND   100,000 0 0
AIR PRODS & CHEMS INC COM 009158106 8,942 80,000 SH Call DFND 1 80,000 0 0
AIR PRODS & CHEMS INC COM 009158106 47,325 423,380 SH   DFND 1 423,380 0 0
ALCOA INC NOTE 5.250% 3/1 013817AT8 29,144 17,609,000 PRN   DFND   17,609,000 0 0
ALLEGION PUB LTD CO ORD SHS G0176J109 7,954 180,000 SH   DFND 1 180,000 0 0
ALPINE TOTAL DYNAMIC DIVID F COM SBI 021060108 52 12,468 SH   DFND 1 12,468 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 61,388 2,431,200 SH Call DFND   2,431,200 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 8,206 325,000 SH Call DFND 1 325,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 41,695 1,651,300 SH Put DFND   1,651,300 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 61 2,423 SH   DFND   2,423 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 3,538 140,125 SH   DFND 1 140,125 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 49,233 964,400 SH   DFND 1 964,400 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 35 3,000 SH   DFND   3,000 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 7,075 603,700 SH Call DFND   603,700 0 0
ARAMARK HLDGS CORP COM 03852U106 5,302 202,200 SH   DFND 1 202,200 0 0
ARCELORMITTAL SA LUXEMBOURG MAND CV NT 16 L0302D178 171,414 6,631,550 SH   DFND   6,631,550 0 0
ARCELORMITTAL SA LUXEMBOURG MAND CV NT 16 L0302D178 327 12,639 SH   DFND 1 12,639 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 4,460 250,000 SH Call DFND   250,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 17,804 998,000 SH Put DFND   998,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 36 2,000 SH Put DFND 1 2,000 0 0
BAKER HUGHES INC COM 057224107 11,052 200,000 SH Put DFND   200,000 0 0
BAKER HUGHES INC COM 057224107 2,763 50,000 SH Put DFND 1 50,000 0 0
BAKER HUGHES INC COM 057224107 3,954 71,560 SH   DFND   71,560 0 0
BAKER HUGHES INC COM 057224107 1,002 18,140 SH   DFND 1 18,140 0 0
BANK OF AMERICA CORPORATION COM 060505104 65,757 4,223,300 SH Call DFND   4,223,300 0 0
BANK OF AMERICA CORPORATION COM 060505104 1,557 100,000 SH Call DFND 1 100,000 0 0
BANK OF AMERICA CORPORATION COM 060505104 89,602 5,754,800 SH Put DFND   5,754,800 0 0
BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 236 36,454 SH   DFND   36,454 0 0
BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 37 5,695 SH   DFND 1 5,695 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 6,173 145,079 SH   DFND   145,079 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 3,876 91,096 SH   DFND 1 91,096 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 34,657 814,500 SH Put DFND   814,500 0 0
BARRICK GOLD CORP COM 067901108 3,526 200,000 SH Call DFND   200,000 0 0
BERRY PLASTICS GROUP INC COM 08579W103 16,706 702,211 SH   DFND 1 702,211 0 0
BIOSCRIP INC COM 09069N108 14,083 1,903,107 SH   DFND 1 1,903,107 0 0
BLACKROCK INCOME TR INC COM 09247F100 102 15,755 SH   DFND 1 15,755 0 0
CAPITOL ACQUISITION CORP II COM 14056V105 100 10,300 SH   DFND 1 10,300 0 0
CARDTRONICS INC COM 14161H108 5,850 134,632 SH   DFND   134,632 0 0
CATERPILLAR INC DEL COM 149123101 9,426 103,800 SH Put DFND   103,800 0 0
CATHAY GEN BANCORP *W EXP 12/05/201 149150112 4,255 500,000 SH   DFND   500,000 0 0
CIS ACQUISITION LTD SHS SER A G21490209 101 10,000 SH   DFND 1 10,000 0 0
CISCO SYS INC COM 17275R102 8,972 400,000 SH Call DFND   400,000 0 0
COACH INC COM 189754104 5,613 100,000 SH Put DFND   100,000 0 0
COACH INC COM 189754104 4,210 75,000 SH Put DFND 1 75,000 0 0
COACH INC COM 189754104 505 9,000 SH   DFND   9,000 0 0
COACH INC COM 189754104 1,066 19,000 SH   DFND 1 19,000 0 0
COMCAST CORP NEW CL A SPL 20030N200 14,456 289,813 SH   DFND 1 289,813 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 2,852 460,000 SH Put DFND   460,000 0 0
COMPUWARE CORP COM 205638109 14,224 1,268,852 SH   DFND 1 1,268,852 0 0
COVANTA HLDG CORP NOTE 3.250% 6/0 22282EAC6 17,288 14,750,000 PRN   DFND   14,750,000 0 0
COVANTA HLDG CORP NOTE 3.250% 6/0 22282EAC6 293 250,000 PRN   DFND 1 250,000 0 0
CREE INC COM 225447101 10,316 165,000 SH Put DFND   165,000 0 0
CREE INC COM 225447101 18,756 300,000 SH   DFND   300,000 0 0
CROWN CASTLE INTL CORP CNV PFD STK SR A 228227500 1,570 15,700 SH   DFND   15,700 0 0
CROWN CASTLE INTL CORP CNV PFD STK SR A 228227500 350 3,500 SH   DFND 1 3,500 0 0
CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 1,995 40,200 SH   DFND   40,200 0 0
D R HORTON INC COM 23331A109 11,689 523,700 SH Put DFND 1 523,700 0 0
D R HORTON INC COM 23331A109 1,662 74,466 SH   DFND 1 74,466 0 0
DEERE & CO COM 244199105 6,393 70,000 SH Put DFND   70,000 0 0
DIGITALGLOBE INC COM NEW 25389M877 28,226 685,932 SH   DFND 1 685,932 0 0
DIREXION SHS ETF TR 20YR TRES BULL 25459W540 358 8,200 SH Put DFND 1 8,200 0 0
DIREXION SHS ETF TR DLY TECH BULL 3X 25459W102 383 4,200 SH   DFND   4,200 0 0
DIREXION SHS ETF TR DAILY GOLD MINER 25459Y389 4,501 164,200 SH Put DFND   164,200 0 0
DIREXION SHS ETF TR DAILY GOLD MINER 25459Y389 2,801 102,200 SH Put DFND 1 102,200 0 0
DOMINION DIAMOND CORP COM 257287102 20,766 1,446,081 SH   DFND 1 1,446,081 0 0
E M C CORP MASS COM 268648102 629 25,000 SH   DFND   25,000 0 0
EASTMAN CHEM CO COM 277432100 25,005 309,854 SH   DFND 1 309,854 0 0
EBAY INC COM 278642103 19,203 350,000 SH Call DFND   350,000 0 0
EBAY INC COM 278642103 10,973 200,000 SH Put DFND   200,000 0 0
EBAY INC COM 278642103 2,482 45,236 SH   DFND   45,236 0 0
EMERSON ELEC CO COM 291011104 3,579 51,000 SH Put DFND   51,000 0 0
ENPRO INDS INC COM 29355X107 24,149 418,882 SH   DFND 1 418,882 0 0
EQUINIX INC COM NEW 29444U502 35,276 198,792 SH   DFND 1 198,792 0 0
EUNITS 2 YR U S MKT PARTN TR UNIT 298411109 176 15,115 SH   DFND   15,115 0 0
EUNITS 2 YR U S MKT PARTN TR UNIT 298411109 239 20,499 SH   DFND 1 20,499 0 0
EXELIXIS INC NOTE 4.250% 8/1 30161QAC8 4,917 4,000,000 PRN   DFND   4,000,000 0 0
EXPEDITORS INTL WASH INC COM 302130109 3,036 68,600 SH Call DFND   68,600 0 0
EXPEDITORS INTL WASH INC COM 302130109 2,213 50,000 SH Put DFND   50,000 0 0
EXPEDITORS INTL WASH INC COM 302130109 3,983 90,000 SH   DFND   90,000 0 0
FEDEX CORP COM 31428X106 4,831 33,600 SH Put DFND   33,600 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 3,841 248,900 SH Put DFND   248,900 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 154 10,000 SH   DFND   10,000 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 5,661 150,000 SH Call DFND   150,000 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 3,774 100,000 SH Put DFND 1 100,000 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 2,340 62,000 SH   DFND   62,000 0 0
GENCORP INC SDCV 4.062%12/3 368682AN0 17,335 8,600,000 PRN   DFND   8,600,000 0 0
GENCORP INC SDCV 4.062%12/3 368682AN0 302 150,000 PRN   DFND 1 150,000 0 0
GENCORP INC COM 368682100 35,073 1,946,344 SH   DFND 1 1,946,344 0 0
GENERAL MTRS CO COM 37045V100 1,880 46,000 SH   DFND   46,000 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 11,580 500,000 SH   DFND   500,000 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 125 4,000 SH   DFND 1 4,000 0 0
GLOBAL DEFENSE & NATL SEC SY COM 37953N108 101 10,000 SH   DFND 1 10,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 12,390 69,900 SH Put DFND   69,900 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 5,318 30,000 SH Put DFND 1 30,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 15 83 SH   DFND 1 83 0 0
GT ADVANCED TECHNOLOGIES INC NOTE 3.000%12/1 36191UAB2 22,842 22,500,000 PRN   DFND   22,500,000 0 0
HARLEY DAVIDSON INC COM 412822108 17,518 253,000 SH Put DFND   253,000 0 0
HEALTH CARE REIT INC NOTE 3.000%12/0 42217KAR7 21,713 19,500,000 PRN   DFND   19,500,000 0 0
HEALTH CARE REIT INC NOTE 3.000%12/0 42217KAR7 278 250,000 PRN   DFND 1 250,000 0 0
HESS CORP COM 42809H107 24,319 293,000 SH   DFND 1 293,000 0 0
HEWLETT PACKARD CO COM 428236103 1,721 61,500 SH Put DFND   61,500 0 0
HEWLETT PACKARD CO COM 428236103 4,919 175,800 SH Put DFND 1 175,800 0 0
HEWLETT PACKARD CO COM 428236103 17 600 SH   DFND   600 0 0
HOLOGIC INC FRNT 2.000%12/1 436440AB7 292 250,000 PRN   DFND 1 250,000 0 0
ICICI BK LTD ADR 45104G104 2,230 60,000 SH Put DFND   60,000 0 0
ICICI BK LTD ADR 45104G104 1,539 41,400 SH Put DFND 1 41,400 0 0
ICICI BK LTD ADR 45104G104 522 14,048 SH   DFND   14,048 0 0
ICICI BK LTD ADR 45104G104 390 10,481 SH   DFND 1 10,481 0 0
ICONIX BRAND GROUP INC NOTE 2.500% 6/0 451055AE7 22,063 16,000,000 PRN   DFND   16,000,000 0 0
ICONIX BRAND GROUP INC NOTE 2.500% 6/0 451055AE7 276 200,000 PRN   DFND 1 200,000 0 0
ICONIX BRAND GROUP INC COM 451055107 3,970 100,000 SH Put DFND   100,000 0 0
INTEL CORP COM 458140100 3,984 153,500 SH Put DFND 1 153,500 0 0
INTEL CORP COM 458140100 208 8,000 SH   DFND 1 8,000 0 0
ISHARES MSCI EAFE ETF 464287465 275 4,100 SH   DFND   4,100 0 0
ISHARES MSCI EAFE ETF 464287465 577 8,600 SH   DFND 1 8,600 0 0
ISHARES MSCI EMG MKT ETF 464287234 10,708 256,200 SH Call DFND   256,200 0 0
ISHARES MSCI EMG MKT ETF 464287234 11,912 285,000 SH Call DFND 1 285,000 0 0
ISHARES MSCI EMG MKT ETF 464287234 17,132 409,900 SH Put DFND   409,900 0 0
ISHARES MSCI EMG MKT ETF 464287234 6,687 160,000 SH Put DFND 1 160,000 0 0
ISHARES MSCI EMG MKT ETF 464287234 12,711 304,117 SH   DFND   304,117 0 0
ISHARES MSCI EMG MKT ETF 464287234 1,060 25,367 SH   DFND 1 25,367 0 0
ISHARES PHLX SEMICND ETF 464287523 250 3,434 SH   DFND   3,434 0 0
ISHARES PHLX SEMICND ETF 464287523 558 7,675 SH   DFND 1 7,675 0 0
ISHARES RUSSELL 2000 ETF 464287655 21,376 185,300 SH Call DFND   185,300 0 0
ISHARES RUSSELL 2000 ETF 464287655 2,307 20,000 SH Put DFND   20,000 0 0
ISHARES RUSSELL 2000 ETF 464287655 4,326 37,500 SH Put DFND 1 37,500 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 25,292 1,351,800 SH Call DFND   1,351,800 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 4,911 262,500 SH Call DFND 1 262,500 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 17,074 912,570 SH   DFND   912,570 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 11,260 601,800 SH Put DFND   601,800 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 4,911 262,500 SH Put DFND 1 262,500 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 3,492 257,345 SH   DFND   257,345 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 6,366 469,150 SH Put DFND   469,150 0 0
JOHNSON CTLS INC COM 478366107 20,520 400,000 SH Put DFND   400,000 0 0
KAR AUCTION SVCS INC COM 48238T109 22,364 756,818 SH   DFND 1 756,818 0 0
KINROSS GOLD CORP COM NO PAR 496902404 901 205,800 SH Call DFND   205,800 0 0
KINROSS GOLD CORP COM NO PAR 496902404 1,127 257,400 SH Put DFND   257,400 0 0
KINROSS GOLD CORP COM NO PAR 496902404 388 88,684 SH   DFND   88,684 0 0
KRAFT FOODS GROUP INC COM 50076Q106 439 8,136 SH   DFND   8,136 0 0
L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 16,573 13,750,000 PRN   DFND   13,750,000 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 15,708 147,000 SH Put DFND   147,000 0 0
LAM RESEARCH CORP COM 512807108 272 5,000 SH Call DFND   5,000 0 0
LAM RESEARCH CORP COM 512807108 1,748 32,100 SH   DFND   32,100 0 0
LAS VEGAS SANDS CORP COM 517834107 7,335 93,000 SH Put DFND   93,000 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 2,985 90,000 SH Call DFND   90,000 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 5,971 180,000 SH Put DFND   180,000 0 0
LEVY ACQUISITION CORP UNIT 99/99/9999 52748T203 100 10,000 SH   DFND 1 10,000 0 0
LIN MEDIA LLC CL A COM 532771102 20,848 726,155 SH   DFND 1 726,155 0 0
LINEAR TECHNOLOGY CORP NOTE 3.000% 5/0 535678AC0 12,527 11,000,000 PRN   DFND   11,000,000 0 0
LOUISIANA PAC CORP COM 546347105 9,041 488,453 SH   DFND 1 488,453 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 4,560 56,800 SH Call DFND   56,800 0 0
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608B105 4,082 75,000 SH   DFND 1 75,000 0 0
MARATHON PETE CORP COM 56585A102 18,346 200,000 SH Put DFND   200,000 0 0
MARATHON PETE CORP COM 56585A102 7,283 79,400 SH   DFND   79,400 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 47,397 2,243,100 SH Call DFND   2,243,100 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 726 25,150 SH   DFND   25,150 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 726 25,150 SH   DFND 1 25,150 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 5,774 200,000 SH Put DFND   200,000 0 0
MARKET VECTORS ETF TR SEMICONDUCTOR 57060U233 849 20,000 SH   DFND 1 20,000 0 0
MARRIOTT INTL INC NEW CL A 571903202 14,805 300,000 SH Put DFND   300,000 0 0
MARRIOTT INTL INC NEW CL A 571903202 296 6,000 SH   DFND   6,000 0 0
MENTOR GRAPHICS CORP SDCV 4.000% 4/0 587200AK2 265 200,000 PRN   DFND 1 200,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 4,704 200,000 SH Put DFND   200,000 0 0
MICRON TECHNOLOGY INC NOTE 2.375% 5/0 595112AW3 66,204 28,500,000 PRN   DFND   28,500,000 0 0
MICRON TECHNOLOGY INC COM 595112103 37,190 1,709,900 SH Put DFND   1,709,900 0 0
MICRON TECHNOLOGY INC COM 595112103 109 5,000 SH Put DFND 1 5,000 0 0
MICRON TECHNOLOGY INC COM 595112103 3,668 168,655 SH   DFND   168,655 0 0
MICROSOFT CORP COM 594918104 42,086 1,125,000 SH Call DFND   1,125,000 0 0
MICROSOFT CORP COM 594918104 23,568 630,000 SH Put DFND   630,000 0 0
MOLINA HEALTHCARE INC NOTE 3.750%10/0 60855RAA8 15,740 13,300,000 PRN   DFND   13,300,000 0 0
MOLINA HEALTHCARE INC NOTE 3.750%10/0 60855RAA8 237 200,000 PRN   DFND 1 200,000 0 0
MONDELEZ INTL INC CL A 609207105 5,613 159,000 SH Call DFND   159,000 0 0
MORGAN STANLEY COM NEW 617446448 6,272 200,000 SH Call DFND   200,000 0 0
MORGAN STANLEY COM NEW 617446448 633 20,200 SH   DFND   20,200 0 0
NORWEGIAN CRUISE LINE HLDGS SHS G66721104 7,626 215,000 SH   DFND 1 215,000 0 0
NVIDIA CORP COM 67066G104 3,576 223,200 SH   DFND   223,200 0 0
OCEAN RIG UDW INC SHS Y64354205 24,278 1,261,202 SH   DFND 1 1,261,202 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 2,265 76,000 SH Call DFND   76,000 0 0
OMNICARE INC NOTE 3.500% 2/1 681904AQ1 20,074 19,800,000 PRN   DFND   19,800,000 0 0
OMNICARE INC NOTE 3.500% 2/1 681904AQ1 203 200,000 PRN   DFND 1 200,000 0 0
ORACLE CORP COM 68389X105 11,478 300,000 SH Call DFND   300,000 0 0
OREXIGEN THERAPEUTICS INC NOTE 2.750%12/0 686164AA2 1,951 2,000,000 PRN   DFND   2,000,000 0 0
OSI SYSTEMS INC COM 671044105 15,340 288,833 SH   DFND 1 288,833 0 0
PANTRY INC COM 698657103 1,259 75,000 SH Call DFND   75,000 0 0
PANTRY INC COM 698657103 1,259 75,000 SH Put DFND   75,000 0 0
PANTRY INC COM 698657103 629 37,500 SH   DFND   37,500 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 383 27,800 SH Put DFND 1 27,800 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 383 27,800 SH   DFND 1 27,800 0 0
PNC FINL SVCS GROUP INC COM 693475105 15,516 200,000 SH Call DFND   200,000 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 401 16,124 SH   DFND 1 16,124 0 0
PROCTER & GAMBLE CO COM 742718109 13,083 160,700 SH Call DFND   160,700 0 0
PROCTER & GAMBLE CO COM 742718109 8,141 100,000 SH Call DFND 1 100,000 0 0
PROSHARES TR II UL VIXSTFUT ETF 74347W379 34,288 2,043,400 SH Call DFND   2,043,400 0 0
PROSHARES TR II UL VIXSTFUT ETF 74347W379 1,404 83,700 SH Call DFND 1 83,700 0 0
PROSHARES TR II UL VIXSTFUT ETF 74347W379 43,787 2,609,500 SH Put DFND   2,609,500 0 0
PROSHARES TR II UL VIXSTFUT ETF 74347W379 17,943 1,069,300 SH Put DFND 1 1,069,300 0 0
PROSHARES TR II PSHS ULSSLVR NEW 74347W114 39,053 433,000 SH Call DFND   433,000 0 0
PROSHARES TR II PSHS ULSSLVR NEW 74347W114 2,418 26,807 SH   DFND   26,807 0 0
PROSHARES TR II PSHS ULSSLVR NEW 74347W114 59,508 659,800 SH Put DFND   659,800 0 0
PULTE GROUP INC COM 745867101 2,546 125,000 SH Put DFND 1 125,000 0 0
PULTE GROUP INC COM 745867101 33 1,600 SH   DFND 1 1,600 0 0
QEP RES INC COM 74733V100 35,854 1,169,786 SH   DFND 1 1,169,786 0 0
RACKSPACE HOSTING INC COM 750086100 32,564 832,202 SH   DFND 1 832,202 0 0
RANGE RES CORP COM 75281A109 3,187 37,800 SH Put DFND   37,800 0 0
RANGE RES CORP COM 75281A109 354 4,200 SH Put DFND 1 4,200 0 0
RANGE RES CORP COM 75281A109 67 800 SH   DFND   800 0 0
RENTECH INC COM 760112102 12,904 7,373,549 SH   DFND 1 7,373,549 0 0
RIO TINTO PLC SPONSORED ADR 767204100 10,157 180,000 SH Put DFND   180,000 0 0
SANDRIDGE ENERGY INC COM 80007P307 1,821 300,000 SH Call DFND   300,000 0 0
SANDRIDGE ENERGY INC COM 80007P307 5,463 900,000 SH Put DFND   900,000 0 0
SANDRIDGE ENERGY INC COM 80007P307 769 126,709 SH   DFND   126,709 0 0
SCHLUMBERGER LTD COM 806857108 32,863 364,700 SH Put DFND   364,700 0 0
SCHLUMBERGER LTD COM 806857108 964 10,700 SH   DFND   10,700 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 777 8,774 SH   DFND   8,774 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 299 3,383 SH   DFND 1 3,383 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 27,786 1,271,090 SH   DFND   1,271,090 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 3,924 179,526 SH   DFND 1 179,526 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1,777 49,733 SH   DFND   49,733 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 2,904 81,246 SH   DFND 1 81,246 0 0
SINA CORP ORD G81477104 21,063 250,000 SH Put DFND   250,000 0 0
SINA CORP ORD G81477104 977 11,600 SH   DFND   11,600 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 11,180 60,533 SH   DFND   60,533 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 554,070 3,000,000 SH Put DFND   3,000,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 152,092 823,500 SH Put DFND 1 823,500 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 1,722 7,050 SH   DFND   7,050 0 0
SPDR SER TR SHT TRM HGH YLD 78468R408 303 9,833 SH   DFND 1 9,833 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 155 3,678 SH   DFND   3,678 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 5,891 140,000 SH Put DFND   140,000 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 6,660 200,000 SH Call DFND   200,000 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 5,271 158,300 SH Put DFND   158,300 0 0
STARBUCKS CORP COM 855244109 6,663 85,000 SH Put DFND   85,000 0 0
SUNEDISON INC COM 86732Y109 1,190 91,222 SH   DFND   91,222 0 0
SUSSER HLDGS CORP COM 869233106 19,030 290,574 SH   DFND 1 290,574 0 0
TECK RESOURCES LTD CL B 878742204 1,108 42,600 SH Put DFND   42,600 0 0
TECK RESOURCES LTD CL B 878742204 305 11,712 SH   DFND   11,712 0 0
TESLA MTRS INC NOTE 1.500% 6/0 88160RAA9 24,267 17,500,000 PRN   DFND   17,500,000 0 0
TIBCO SOFTWARE INC COM 88632Q103 12,486 555,435 SH   DFND 1 555,435 0 0
TIME WARNER CABLE INC COM 88732J207 1,355 10,000 SH   DFND 1 10,000 0 0
TOTAL S A SPONSORED ADR 89151E109 92 1,500 SH   DFND 1 1,500 0 0
TOTAL S A SPONSORED ADR 89151E109 32,779 535,000 SH Put DFND   535,000 0 0
TOTAL S A SPONSORED ADR 89151E109 4,025 65,700 SH Put DFND 1 65,700 0 0
UNISYS CORP COM NEW 909214306 5,670 168,900 SH Call DFND   168,900 0 0
UNISYS CORP COM NEW 909214306 279 8,300 SH Call DFND 1 8,300 0 0
UNISYS CORP COM NEW 909214306 1,460 43,500 SH Put DFND   43,500 0 0
UNISYS CORP COM NEW 909214306 50 1,500 SH Put DFND 1 1,500 0 0
UNITED PARCEL SERVICE INC CL B 911312106 70,603 671,900 SH Call DFND   671,900 0 0
UNITED PARCEL SERVICE INC CL B 911312106 21,016 200,000 SH Put DFND   200,000 0 0
UNITED STATES NATL GAS FUND UNIT PAR $0.001 912318201 1,117 54,000 SH Call DFND   54,000 0 0
UNITED STATES NATL GAS FUND UNIT PAR $0.001 912318201 1,579 76,300 SH Call DFND 1 76,300 0 0
UNITED STATES NATL GAS FUND UNIT PAR $0.001 912318201 1,285 62,100 SH Put DFND 1 62,100 0 0
UNITED STATES STL CORP NEW NOTE 2.750% 4/0 912909AH1 25,833 19,437,000 PRN   DFND   19,437,000 0 0
UNITED STATES STL CORP NEW NOTE 2.750% 4/0 912909AH1 332 250,000 PRN   DFND 1 250,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 17,628 154,900 SH Call DFND   154,900 0 0
UNITED TECHNOLOGIES CORP COM 913017109 57 500 SH Call DFND 1 500 0 0
UNITED TECHNOLOGIES CORP COM 913017109 358 3,145 SH   DFND 1 3,145 0 0
VALE S A ADR 91912E105 386 25,300 SH   DFND 1 25,300 0 0
VALE S A ADR 91912E105 1,007 66,000 SH Put DFND 1 66,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 9,828 200,000 SH Call DFND   200,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,966 40,000 SH Put DFND   40,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 2,138 43,500 SH   DFND   43,500 0 0
VIACOM INC NEW CL A 92553P102 2,445 27,854 SH   DFND   27,854 0 0
VIACOM INC NEW CL A 92553P102 280 3,191 SH   DFND 1 3,191 0 0
VIRTUS TOTAL RETURN FD COM 92829A103 50 12,787 SH   DFND 1 12,787 0 0
VISA INC COM CL A 92826C839 6,680 30,000 SH Put DFND 1 30,000 0 0
WALGREEN CO COM 931422109 540 9,400 SH Call DFND 1 9,400 0 0
WALGREEN CO COM 931422109 540 9,400 SH Put DFND 1 9,400 0 0
WELLS FARGO & CO NEW COM 949746101 3,632 80,000 SH Put DFND   80,000 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 4,003 229,522 SH   DFND   229,522 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 372 21,330 SH   DFND 1 21,330 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 13,132 753,000 SH Put DFND   753,000 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 1,343 77,000 SH Put DFND 1 77,000 0 0
XILINX INC SDCV 3.125% 3/1 983919AD3 27,826 17,555,000 PRN   DFND   17,555,000 0 0
ZIONS BANCORPORATION *W EXP 05/22/202 989701115 6,127 974,024 SH   DFND   974,024 0 0
ZIONS BANCORPORATION *W EXP 05/22/202 989701115 238 37,800 SH   DFND 1 37,800 0 0
ZOETIS INC CL A 98978V103 409 12,500 SH   DFND   12,500 0 0