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
ALEXZA PHARMACEUTICALS INC COM 015384209 103 20,000 SH   OTR 1 0 0 0
ANADARKO PETE CORP CALL 032511107 781 8,400 SH Call OTR 1 0 0 0
APPLE INC CALL 037833100 13,088 24,700 SH Call OTR 1 0 0 0
APPLE INC PUT 037833100 74,871 141,300 SH Put OTR 1 0 0 0
APPLE INC COM 037833100 7,634 14,408 SH   OTR 1 0 0 0
AVEO PHARMACEUTICALS INC COM 053588109 129 59,822 SH   OTR 1 0 0 0
BROADCOM CORP CL A 111320107 291 10,750 SH   OTR 1 0 0 0
CHELSEA THERAPEUTICS INTL LT COM 163428105 236 80,012 SH   OTR 1 0 0 0
CHICAGO BRIDGE & IRON CO N V PUT 167250109 1,475 20,000 SH Put OTR 1 0 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,475 20,000 SH   OTR 1 0 0 0
COPART INC COM 217204106 355 10,873 SH   OTR 1 0 0 0
DIGI INTL INC CALL 253798102 100 10,000 SH Call OTR 1 0 0 0
ELAN PLC ADR 284131208 726 45,000 SH   OTR 1 0 0 0
FIRST TR NAS100 EQ WEIGHTED SHS 337344105 405 11,759 SH   OTR 1 0 0 0
GILEAD SCIENCES INC CALL 375558103 1,924 28,000 SH Call OTR 1 0 0 0
GILEAD SCIENCES INC COM 375558103 1,347 19,600 SH   OTR 1 0 0 0
ISHARES S&P 100 ETF 464287101 362 4,603 SH   OTR 1 0 0 0
ISHARES TIPS BD ETF 464287176 315 2,775 SH   OTR 1 0 0 0
ISHARES CALL 464287234 6,314 154,900 SH Call OTR 1 0 0 0
ISHARES PUT 464287234 36,435 893,900 SH Put OTR 1 0 0 0
ISHARES MSCI EMG MKT ETF 464287234 3,861 89,797 SH   OTR 1 0 0 0
ISHARES IBOXX INV CP ETF 464287242 322 2,789 SH   OTR 1 0 0 0
ISHARES RUS MDCP VAL ETF 464287473 4,590 71,835 SH   OTR 1 0 0 0
ISHARES RUS MID-CAP ETF 464287499 882 6,104 SH   OTR 1 0 0 0
ISHARES N AMER TECH ETF 464287549 3,033 36,559 SH   OTR 1 0 0 0
ISHARES COHEN&STEER REIT 464287564 717 8,787 SH   OTR 1 0 0 0
ISHARES U.S. CNSM SV ETF 464287580 7,851 68,125 SH   OTR 1 0 0 0
ISHARES S&P MC 400GR ETF 464287606 2,585 17,972 SH   OTR 1 0 0 0
ISHARES RUS 1000 GRW ETF 464287614 2,949 36,047 SH   OTR 1 0 0 0
ISHARES RUS 2000 VAL ETF 464287630 637 6,619 SH   OTR 1 0 0 0
ISHARES CALL 464287655 2,985 28,000 SH Call OTR 1 0 0 0
ISHARES S&P MC 400VL ETF 464287705 1,955 17,276 SH   OTR 1 0 0 0
ISHARES U.S. REAL ES ETF 464287739 568 8,390 SH   OTR 1 0 0 0
ISHARES U.S. INDS ETF 464287754 5,378 56,742 SH   OTR 1 0 0 0
ISHARES US HLTHCARE ETF 464287762 6,569 59,013 SH   OTR 1 0 0 0
ISHARES U.S. FIN SVC ETF 464287770 3,007 38,682 SH   OTR 1 0 0 0
ISHARES U.S. FINLS ETF 464287788 255 3,310 SH   OTR 1 0 0 0
ISHARES SP SMCP600GR ETF 464287887 564 4,946 SH   OTR 1 0 0 0
ISHARES JP MOR EM MK ETF 464288281 609 5,454 SH   OTR 1 0 0 0
ISHARES IBOXX HI YD ETF 464288513 2,338 24,971 SH   OTR 1 0 0 0
ISHARES MRG RL ES CP ETF 464288539 167 13,345 SH   OTR 1 0 0 0
ISHARES MBS ETF 464288588 499 4,682 SH   OTR 1 0 0 0
ISHARES CREDIT BD ETF 464288620 640 5,895 SH   OTR 1 0 0 0
ISHARES INTERM CR BD ETF 464288638 1,431 13,147 SH   OTR 1 0 0 0
ISHARES 1-3 YR CR BD ETF 464288646 664 6,296 SH   OTR 1 0 0 0
ISHARES 10-20 YR TRS ETF 464288653 313 2,473 SH   OTR 1 0 0 0
ISHARES SHRT TRS BD ETF 464288679 42,181 382,666 SH   OTR 1 0 0 0
ISHARES RUS TP200 VL ETF 464289420 268 6,996 SH   OTR 1 0 0 0
LANTRONIX INC COM 516548203 46 32,500 SH   OTR 1 0 0 0
NATIONAL OILWELL VARCO INC COM 637071101 1,443 17,400 SH   OTR 1 0 0 0
RED HAT INC COM 756577102 220 5,050 SH   OTR 1 0 0 0
REVENUESHARES ETF TR S&P500 FINL FD 761396506 792 18,625 SH   OTR 1 0 0 0
RIGEL PHARMACEUTICALS INC COM 766559603 114 35,000 SH   OTR 1 0 0 0
ROCKWELL MED INC COM 774374102 288 26,000 SH   OTR 1 0 0 0
SCHWAB STRATEGIC TR SHT TM US TRES 808524862 572 11,304 SH   OTR 1 0 0 0
SEQUENOM INC COM 817337405 25 10,214 SH   OTR 1 0 0 0
VANGUARD WORLD FD MEGA CAP VAL ETF 921910840 607 11,526 SH   OTR 1 0 0 0
VANGUARD WORLD FD MEGA CAP INDEX 921910873 938 15,566 SH   OTR 1 0 0 0
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 3,521 41,492 SH   OTR 1 0 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 516 6,334 SH   OTR 1 0 0 0
VENTRUS BIOSCIENCES INC COM 922822101 117 40,000 SH   OTR 1 0 0 0
VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 3,646 47,359 SH   OTR 1 0 0 0
VANGUARD INDEX FDS MCAP GR IDXVIP 922908538 3,823 43,738 SH   OTR 1 0 0 0
VANGUARD INDEX FDS CALL 922908553 661 10,000 SH Call OTR 1 0 0 0
VANGUARD INDEX FDS MID CAP ETF 922908629 4,147 38,960 SH   OTR 1 0 0 0
VANGUARD INDEX FDS LARGE CAP ETF 922908637 1,438 17,758 SH   OTR 1 0 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 3,875 43,771 SH   OTR 1 0 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 1,947 26,603 SH   OTR 1 0 0 0
VICAL INC COM 925602104 98 70,000 SH   OTR 1 0 0 0
VIVUS INC CALL 928551100 1,572 169,000 SH Call OTR 1 0 0 0
WI-LAN INC COM 928972108 258 30,000 SH   OTR 1 0 0 0
ACHILLION PHARMACEUTICALS IN COM 00448Q201 129 53,206 SH   OTR 1 0 0 0
AGENUS INC COM 00847G705 100 39,660 SH   OTR 1 0 0 0
ALTISOURCE RESIDENTIAL CORP CL B 02153W100 2,189 80,100 SH   OTR 1 0 0 0
ARES CAP CORP COM 04010L103 1,549 88,000 SH   OTR 1 0 0 0
BARCLAYS BK PLC CALL 06740C188 737 57,100 SH Call OTR 1 0 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06740C188 12,992 1,006,237 SH   OTR 1,2 0 0 0
BLACKROCK MUNIYLD INVST QLTY COM 09254T100 125 10,000 SH   OTR 1 0 0 0
CBOE HLDGS INC COM 12503M108 535 10,781 SH   OTR 1 0 0 0
CHEMOCENTRYX INC COM 16383L106 92 18,005 SH   OTR 1 0 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG ENH SHT DUR 18383M654 287 5,718 SH   OTR 1 0 0 0
CREDIT SUISSE AG NASSAU BRH EXCHTRADE SHTERM 22539T613 277 24,496 SH   OTR 1,2 0 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX STERM 22542D795 3,163 108,891 SH   OTR 2 0 0 0
CYTOKINETICS INC COM 23282W605 78 12,000 SH   OTR 1 0 0 0
DELL INC CALL 24702R101 1,107 80,500 SH Call OTR 1 0 0 0
DENDREON CORP COM 24823Q107 51 18,272 SH   OTR 1 0 0 0
DEUTSCHE BK AG LONDON BRH PS CRD OIL ETN 25154K809 3,972 110,783 SH   OTR 1 0 0 0
DEVON ENERGY CORP NEW COM 25179M103 1,537 24,000 SH   OTR 1 0 0 0
DIREXION SHS ETF TR DLY SCOND 3XBU 25459W458 1,134 20,271 SH   OTR 1 0 0 0
DIREXION SHS ETF TR 7 10YR TRES BULL 25459W565 957 24,657 SH   OTR 1 0 0 0
DIREXION SHS ETF TR DLY ENRGY BULL3X 25459W888 343 4,074 SH   OTR 1 0 0 0
DIREXION SHS ETF TR 7-10YR TR BEAR 25459Y108 619 18,613 SH   OTR 1 0 0 0
DIREXION SHS ETF TR TL BD MKT BEAR 25459Y306 322 9,120 SH   OTR 1 0 0 0
DIREXION SHS ETF TR DLY FIN BULL NEW 25459Y694 202 2,565 SH   OTR 1 0 0 0
EATON VANCE MUN BD FD II COM 27827K109 263 23,849 SH   OTR 1 0 0 0
EATON VANCE MUN BD FD COM 27827X101 501 44,063 SH   OTR 1 0 0 0
EATON VANCE NATL MUN OPPORT COM 27829L105 441 23,130 SH   OTR 1 0 0 0
ECHELON CORP CALL 27874N105 56 25,000 SH Call OTR 1 0 0 0
ECHELON CORP COM 27874N105 84 37,640 SH   OTR 1 0 0 0
IDENTIVE GROUP INC COM 45170X106 47 71,000 SH   OTR 1 0 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107 482 41,230 SH   OTR 1 0 0 0
ISHARES U.S. TRS BD ETF 46429B267 337 13,664 SH   OTR 1 0 0 0
ISHARES HIGH DIVIDND ETF 46429B663 1,665 23,889 SH   OTR 1 0 0 0
ISHARES USA MIN VOL ETF 46429B697 3,699 106,005 SH   OTR 1 0 0 0
KALOBIOS PHARMACEUTICALS INC COM 48344T100 85 20,002 SH   OTR 1 0 0 0
LINKEDIN CORP COM 53578A108 615 2,500 SH Put OTR 1 0 0 0
NOVABAY PHARMACEUTICALS INC COM 66987P102 321 190,000 SH   OTR 1 0 0 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67062F100 197 14,943 SH   OTR 1 0 0 0
NUVEEN PREM INCOME MUN FD COM 67062T100 151 12,044 SH   OTR 1 0 0 0
NUVEEN PREM INCOME MUN FD 2 COM 67063W102 141 11,000 SH   OTR 1 0 0 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063X100 136 10,476 SH   OTR 1 0 0 0
NUVEEN DIV ADVANTAGE MUN FD COM 67070F100 132 10,000 SH   OTR 1 0 0 0
NUVEEN DIV ADV MUNI FD 3 COM SH BEN INT 67070X101 159 12,404 SH   OTR 1 0 0 0
NUVEEN DIVID ADVANTAGE MUN I COM 67071L106 154 11,993 SH   OTR 1 0 0 0
PIMCO ETF TR 3-7YR US TREAS 72201R601 1,244 15,553 SH   OTR 1 0 0 0
POWERSHARES ETF TRUST DYNAMIC OTC PT 73935X203 743 11,636 SH   OTR 1 0 0 0
POWERSHARES ETF TRUST DYNA BUYBK ACH 73935X286 237 5,779 SH   OTR 1 0 0 0
POWERSHARES ETF TRUST DYN BLDG CNSTR 73935X666 237 11,195 SH   OTR 1 0 0 0
POWERSHARES ETF TRUST S&P 500 HGH QLTY 73935X682 463 23,611 SH   OTR 1 0 0 0
POWERSHARES ETF TRUST DYNM LRG CP VL 73935X708 582 21,574 SH   OTR 1 0 0 0
POWERSHARES ETF TRUST DYN PHRMA PORT 73935X799 254 5,220 SH   OTR 1 0 0 0
POWERSHARES ETF TR II S&P500 HGH BET 73937B829 965 33,730 SH   OTR 1 0 0 0
POWERSHARES ETF TR II S&P SMCP HC PO 73937B886 217 4,174 SH   OTR 1 0 0 0
PROSHARES TR PUT 74347B201 5,269 70,000 SH Put OTR 1 0 0 0
PROSHARES TR ULTR 7-10 TREA 74347R180 512 9,663 SH   OTR 1 0 0 0
PROSHARES TR PSHS ULT1000 GRW 74347R537 269 2,701 SH   OTR 1 0 0 0
PROSHARES TR PSHS CONSMRGOODS 74347R768 249 3,292 SH   OTR 1 0 0 0
PROSHARES TR II SHT VIX ST TRM 74347W627 2,395 21,026 SH   OTR 1 0 0 0
PROSHARES TR UL RUS3000 ETF 74347X104 247 3,311 SH   OTR 1 0 0 0
PROSHARES TR SHRT 20+YR TRE 74347X849 300 9,511 SH   OTR 1 0 0 0
PROSHARES TR PSHS ULTSHT INDL 74348A103 921 60,524 SH   OTR 1 0 0 0
QR ENERGY LP UNIT LTD PRTNS 74734R108 1,492 82,000 SH   OTR 1 0 0 0
RMG NETWORKS HLDG CORP COM 74966K102 18,790 2,354,650 SH   OTR 3 0 0 0
REPROS THERAPEUTICS INC CALL 76028H209 421 15,700 SH Call OTR 1 0 0 0
REPROS THERAPEUTICS INC PUT 76028H209 413 15,400 SH Put OTR 1 0 0 0
RYDEX ETF TRUST GUG S&P500 EQ WT 78355W106 234 3,429 SH   OTR 1 0 0 0
RYDEX ETF TRUST GUG RUSS TOP 50 78355W205 5,701 46,271 SH   OTR 1 0 0 0
SPDR S&P 500 ETF TR CALL 78462F103 276,628 1,646,500 SH Call OTR 1 0 0 0
SPDR S&P 500 ETF TR PUT 78462F103 639,883 3,808,600 SH Put OTR 1 0 0 0
SPDR GOLD TRUST CALL 78463V107 320 2,500 SH Call OTR 1 0 0 0
SPDR SERIES TRUST HLTH CR EQUIP 78464A581 631 8,644 SH   OTR 1 0 0 0
SPDR SERIES TRUST BRCLYS LG TRS ETF 78464A664 374 5,901 SH   OTR 1 0 0 0
SPDR SERIES TRUST BRCLYS INTER ETF 78464A672 1,145 19,133 SH   OTR 1 0 0 0
SPDR SERIES TRUST BRCLYS 1-3MT ETF 78464A680 1,976 43,145 SH   OTR 1 0 0 0
SPDR SERIES TRUST S&P CAP MKTS 78464A771 545 11,967 SH   OTR 1 0 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 636 20,503 SH   OTR 1 0 0 0
SANOFI SPONSORED ADR 80105N105 1,772 34,027 SH   OTR 1 0 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 229 11,000 SH   OTR 1 0 0 0
TWO HBRS INVT CORP COM 90187B101 1,746 180,000 SH   OTR 1 0 0 0
USA TECHNOLOGIES INC COM NO PAR 90328S500 70 41,250 SH   OTR 1 0 0 0
U S AIRWAYS GROUP INC CALL 90341W108 300 15,800 SH Call OTR 1 0 0 0
VANGUARD WORLD FDS CONSUM DIS ETF 92204A108 1,134 11,040 SH   OTR 1 0 0 0
VANGUARD WORLD FDS ENERGY ETF 92204A306 1,329 10,652 SH   OTR 1 0 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 4,171 42,958 SH   OTR 1 0 0 0
VANGUARD SCOTTSDALE FDS SHTRM GVT BD ETF 92206C102 388 6,368 SH   OTR 1 0 0 0
VANGUARD SCOTTSDALE FDS LONG-TERM GOV 92206C847 916 13,488 SH   OTR 1 0 0 0
WINDSTREAM HLDGS INC COM 97382A101 3,427 399,000 SH   OTR 1 0 0 0
WISDOMTREE TR DIV EX-FINL FD 97717W406 1,009 15,123 SH   OTR 1 0 0 0
ZOGENIX INC COM 98978L105 1,496 517,613 SH   OTR 1 0 0 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 2,621 133,811 SH   OTR 1 0 0 0
NORDIC AMERICAN TANKERS LIMI CALL G65773106 497 60,300 SH Call OTR 1 0 0 0
ON TRACK INNOVATION LTD SHS M8791A109 194 111,000 SH   OTR 1 0 0 0
PROSENSA HLDG N V SHS N71546100 50 12,000 SH   OTR 1 0 0 0
DHT HOLDINGS INC SHS Y2065G121 735 149,100 SH   OTR 1 0 0 0
OCEAN RIG UDW INC SHS Y64354205 229 12,299 SH   OTR 1 0 0 0
STEALTHGAS INC SHS Y81669106 375 31,272 SH   OTR 1 0 0 0