0001193125-13-059189.txt : 20130214
0001193125-13-059189.hdr.sgml : 20130214
20130214133338
ACCESSION NUMBER: 0001193125-13-059189
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20121231
FILED AS OF DATE: 20130214
DATE AS OF CHANGE: 20130214
EFFECTIVENESS DATE: 20130214
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Hudson Bay Capital Management LP
CENTRAL INDEX KEY: 0001393825
IRS NUMBER: 371511173
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-12909
FILM NUMBER: 13610377
BUSINESS ADDRESS:
STREET 1: 777 THIRD AVE., 30TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 212-571-1244
MAIL ADDRESS:
STREET 1: 777 THIRD AVE., 30TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
FORMER COMPANY:
FORMER CONFORMED NAME: Hudson Bay Capital Management, L.P.
DATE OF NAME CHANGE: 20070320
13F-HR
1
d486717d13fhr.txt
FORM 13F-HR
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2012
Check here if Amendment [_]; Amendment Number: ____
This Amendment (Check only one.): [_] is a restatement.
[_] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Hudson Bay Capital Management LP
Address: 777 Third Ave, 30th Floor
New York, New York 10017
Form 13F File Number: 028-12909
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Charles Winkler
Title: Chief Operating Officer
Phone: (212) 571-1244
Signature, Place, and Date of Signing:
/s/ Charles Winkler New York, NY 2/14/13
----------------------------- --------------------------- --------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[_] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 601
Form 13F Information Table Value Total: $1,913,026
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
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 MANAGERS SOLE SHARED NONE
-------------- --------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
3M CO CALL 88579Y901 1,634 17,600 CALL SOLE 17,600
3M CO PUT 88579Y901 2,925 31,500 PUT SOLE 31,500
A H BELO CORP COM CL A 001282102 1,163 250,000 SH SOLE 250,000
ACACIA RESH CORP ACACIA TCH COM 003881307 513 20,000 SH SOLE 20,000
ACE LTD SHS H0023R105 1,572 19,694 SH SOLE 19,694
ACE LTD CALL H0023R905 255 3,200 CALL SOLE 3,200
ACE LTD PUT H0023R905 3,495 43,800 PUT SOLE 43,800
AFLAC INC CALL 001055902 1,726 32,500 CALL SOLE 32,500
AFLAC INC PUT 001055902 3,177 59,800 PUT SOLE 59,800
AGNICO EAGLE MINES LTD CALL 008474908 609 11,600 CALL SOLE 11,600
AGNICO EAGLE MINES LTD PUT 008474908 2,329 44,400 PUT SOLE 44,400
ALLSTATE CORP COM 020002101 688 17,119 SH SOLE 17,119
ALLSTATE CORP CALL 020002901 1,089 27,100 CALL SOLE 27,100
ALLSTATE CORP PUT 020002901 2,752 68,500 PUT SOLE 68,500
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
ALTRIA GROUP INC COM 02209S103 711 22,614 SH SOLE 22,614
ALTRIA GROUP INC PUT 02209S953 1,920 61,100 PUT SOLE 61,100
AMAZON COM INC CALL 023135906 1,130 4,500 CALL SOLE 4,500
AMAZON COM INC PUT 023135906 452 1,800 PUT SOLE 1,800
AMERICAN EXPRESS CO COM 025816109 1,425 24,795 SH SOLE 24,795
AMERICAN EXPRESS CO CALL 025816909 2,477 43,100 CALL SOLE 43,100
AMERICAN EXPRESS CO PUT 025816909 7,564 131,600 PUT SOLE 131,600
AMERICAN INTL GROUP INC CALL 026874904 3,410 96,600 CALL SOLE 96,600
AMERICAN INTL GROUP INC PUT 026874904 4,762 134,900 PUT SOLE 134,900
AMERICAN TOWER CORP NEW COM 03027X100 1,163 15,048 SH SOLE 15,048
AMERICAN TOWER CORP NEW PUT 03027X950 3,284 42,500 PUT SOLE 42,500
AMERIPRISE FINL INC COM 03076C106 482 7,696 SH SOLE 7,696
ANADARKO PETE CORP CALL 032511907 453 6,100 CALL SOLE 6,100
ANADARKO PETE CORP PUT 032511907 847 11,400 PUT SOLE 11,400
ANGLOGOLD ASHANTI LTD CALL 035128906 1,129 36,000 CALL SOLE 36,000
ANGLOGOLD ASHANTI LTD PUT 035128906 1,528 48,700 PUT SOLE 48,700
AON PLC CALL G0408V902 639 11,500 CALL SOLE 11,500
AON PLC PUT G0408V902 2,747 49,400 PUT SOLE 49,400
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
APACHE CORP COM 037411105 495 6,311 SH SOLE 6,311
APACHE CORP CALL 037411905 440 5,600 CALL SOLE 5,600
APACHE CORP PUT 037411905 966 12,300 PUT SOLE 12,300
APPLE INC PUT 037833950 10,643 20,000 PUT SOLE 20,000
ARCH CAP GROUP LTD ORD G0450A105 876 19,905 SH SOLE 19,905
ARCHER DANIELS MIDLAND CO CALL 039483902 312 11,400 CALL SOLE 11,400
ARCHER DANIELS MIDLAND CO PUT 039483902 597 21,800 PUT SOLE 21,800
AURICO GOLD INC CALL 05155C905 381 46,600 CALL SOLE 46,600
AURICO GOLD INC PUT 05155C905 381 46,600 PUT SOLE 46,600
AVALONBAY CMNTYS INC COM 053484101 1,593 11,751 SH SOLE 11,751
AVALONBAY CMNTYS INC CALL 053484901 217 1,600 CALL SOLE 1,600
AVALONBAY CMNTYS INC PUT 053484901 1,993 14,700 PUT SOLE 14,700
AVERY DENNISON CORP PUT 053611909 210 6,000 PUT SOLE 6,000
AVON PRODS INC CALL 054303902 174 12,100 CALL SOLE 12,100
AVON PRODS INC PUT 054303902 180 12,500 PUT SOLE 12,500
AXIS CAPITAL HOLDINGS INV SHS G0692U109 777 22,444 SH SOLE 22,444
BAKER HUGHES INC COM 057224107 453 11,086 SH SOLE 11,086
BAKER HUGHES INC PUT 057224907 588 14,400 PUT SOLE 14,400
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 MANAGERS SOLE SHARED NONE
-------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ------ --------- ----
BANK NEW YORK MELLON CORP CALL 064058900 2,185 85,000 CALL SOLE 85,000
BANK NEW YORK MELLON CORP PUT 064058900 3,788 147,400 PUT SOLE 147,400
BANK OF AMERICA CORPORATION COM 060505104 28,589 2,464,594 SH SOLE 2,464,594
BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 5,914 1,085,213 SH SOLE 1,085,213
BANK OF AMERICA CORPORATION CALL 060505904 48,254 4,159,800 CALL SOLE 4,159,800
BANK OF AMERICA CORPORATION PUT 060505904 79,469 6,850,800 PUT SOLE 6,850,800
BARCLAYS BK PLC PUT 06740C958 9,537 300,000 PUT SOLE 300,000
BARNES & NOBLE INC COM 067774109 1,056 70,000 SH SOLE 70,000
BARNES & NOBLE INC CALL 067774909 3,018 200,000 CALL SOLE 200,000
BARRICK GOLD CORP COM 067901108 459 13,116 SH SOLE 13,116
BARRICK GOLD CORP CALL 067901908 1,964 56,100 CALL SOLE 56,100
BARRICK GOLD CORP PUT 067901908 5,160 147,400 PUT SOLE 147,400
BB&T CORP COM 054937107 1,813 62,264 SH SOLE 62,264
BB&T CORP CALL 054937907 413 14,200 CALL SOLE 14,200
BB&T CORP PUT 054937907 3,435 118,000 PUT SOLE 118,000
BEAM INC PUT 073730903 428 7,000 PUT SOLE 7,000
BERKSHIRE HATHAWAY INC DEL CALL 084670902 8,504 94,800 CALL SOLE 94,800
BERKSHIRE HATHAWAY INC DEL PUT 084670902 22,335 249,000 PUT SOLE 249,000
BEST BUY INC CALL 086516901 617 52,100 CALL SOLE 52,100
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 MANAGERS SOLE SHARED NONE
-------------- ----------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
BGS ACQUISITION CORP SH G1082J100 488 50,000 SH SOLE 50,000
BGS ACQUISITION CORP *W EXP 03/21/201 G1082J118 18 100,000 SH SOLE 100,000
BLACKROCK INC CALL 09247X901 2,481 12,000 CALL SOLE 12,000
BLACKROCK INC PUT 09247X901 2,708 13,100 PUT SOLE 13,100
BOEING CO CALL 097023905 2,020 26,800 CALL SOLE 26,800
BOEING CO PUT 097023905 1,869 24,800 PUT SOLE 24,800
BOSTON PROPERTIES INC COM 101121101 1,023 9,669 SH SOLE 9,669
BOSTON PROPERTIES INC CALL 101121901 349 3,300 CALL SOLE 3,300
BOSTON PROPERTIES INC PUT 101121901 2,328 22,000 PUT SOLE 22,000
C H ROBINSON WORLDWIDE INC PUT 12541W909 316 5,000 PUT SOLE 5,000
CABOT OIL & GAS CORP PUT 127097903 562 11,300 PUT SOLE 11,300
CAMERON INTERNATIONAL CORP PUT 13342B905 514 9,100 PUT SOLE 9,100
CAMPBELL SOUP CO PUT 134429959 293 8,400 PUT SOLE 8,400
CAPITAL ONE FINL CORP *W EXP 11/14/201 14040H139 1,539 72,727 SH SOLE 72,727
CAPITAL ONE FINL CORP CALL 14040H905 2,062 35,600 CALL SOLE 35,600
CAPITAL ONE FINL CORP PUT 14040H905 4,380 75,600 PUT SOLE 75,600
CARIBOU COFFEE INC COM 142042209 5,863 362,123 SH SOLE 362,123
CATERPILLAR INC DEL COM 149123101 214 2,385 SH SOLE 2,385
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 MANAGERS SOLE SHARED NONE
-------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ------ --------- ----
CATERPILLAR INC DEL CALL 149123901 815 9,100 CALL SOLE 9,100
CATERPILLAR INC DEL PUT 149123901 3,592 40,100 PUT SOLE 40,100
CBRE GROUP INC CL A 12504L109 223 11,228 SH SOLE 11,228
CHESAPEAKE ENERGY CORP COM 165167107 239 14,373 SH SOLE 14,373
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167CA3 7,617 8,585,000 PRN SOLE 8,585,000
CHESAPEAKE ENERGY CORP PUT 165167907 332 20,000 PUT SOLE 20,000
CHEVRON CORP NEW COM 166764100 476 4,398 SH SOLE 4,398
CHEVRON CORP NEW CALL 166764900 1,611 14,900 CALL SOLE 14,900
CHEVRON CORP NEW PUT 166764900 4,920 45,500 PUT SOLE 45,500
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 608 13,125 SH SOLE 13,125
CHINA HYDROELECTRIC CORPORAT *W EXP 01/25/201 G2112E145 -- 12,000 SH SOLE 12,000
CHUBB CORP COM 171232101 1,945 25,826 SH SOLE 25,826
CHUBB CORP PUT 171232951 3,924 52,100 PUT SOLE 52,100
CINCINNATI FINL CORP COM 172062101 213 5,433 SH SOLE 5,433
CITIGROUP INC CALL 172967904 6,800 171,900 CALL SOLE 171,900
CITIGROUP INC PUT 172967904 15,365 388,400 PUT SOLE 388,400
CITIZENS REPUBLIC BANCORP IN COM NEW 174420307 6,349 334,700 SH SOLE 334,700
CLEAN ENERGY FUELS CORP COM 184499101 545 43,766 SH SOLE 43,766
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
CLOROX CO DEL PUT 189054909 417 5,700 PUT SOLE 5,700
CME GROUP INC COM 12572Q105 1,343 26,485 SH SOLE 26,485
CME GROUP INC CALL 12572Q905 923 18,200 CALL SOLE 18,200
CME GROUP INC PUT 12572Q905 1,866 36,800 PUT SOLE 36,800
COCA COLA CO CALL 191216900 1,330 36,700 CALL SOLE 36,700
COCA COLA CO PUT 191216900 4,578 126,300 PUT SOLE 126,300
COCA COLA ENTERPRISES INC NE PUT 19122T909 343 10,800 PUT SOLE 10,800
COEUR D ALENE MINES CORP IDA PUT 192108904 615 25,000 PUT SOLE 25,000
COLGATE PALMOLIVE CO CALL 194162903 314 3,000 CALL SOLE 3,000
COLGATE PALMOLIVE CO PUT 194162903 1,714 16,400 PUT SOLE 16,400
COMCAST CORP NEW CL A 20030N101 476 12,737 SH SOLE 12,737
COMCAST CORP NEW PUT 20030N951 1,701 45,500 PUT SOLE 45,500
COMERICA INC CALL 200340907 528 17,400 CALL SOLE 17,400
COMERICA INC PUT 200340907 546 18,000 PUT SOLE 18,000
COMPANIA DE MINAS BUENAVENTU PUT 204448904 1,079 30,000 PUT SOLE 30,000
CONAGRA FOODS INC PUT 205887902 549 18,600 PUT SOLE 18,600
CONOCOPHILLIPS CALL 20825C904 313 5,400 CALL SOLE 5,400
CONOCOPHILLIPS PUT 20825C904 1,328 22,900 PUT SOLE 22,900
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
CONSOL ENERGY INC PUT 20854P909 241 7,500 PUT SOLE 7,500
CONSTELLATION BRANDS INC CL A 21036P108 9,342 263,965 SH SOLE 263,965
CONSTELLATION BRANDS INC CALL 21036P908 27,533 778,000 CALL SOLE 778,000
CONSTELLATION BRANDS INC PUT 21036P908 301 8,500 PUT SOLE 8,500
COSTCO WHSL CORP NEW CALL 22160K905 217 2,200 CALL SOLE 2,200
COSTCO WHSL CORP NEW PUT 22160K905 1,659 16,800 PUT SOLE 16,800
COVENTRY HEALTH CARE INC COM 222862104 38,642 861,964 SH SOLE 861,964
CSX CORP COM 126408103 427 21,656 SH SOLE 21,656
CSX CORP CALL 126408903 923 46,800 CALL SOLE 46,800
CSX CORP PUT 126408903 941 47,700 PUT SOLE 47,700
CUMMINS INC CALL 231021906 791 7,300 CALL SOLE 7,300
CUMMINS INC PUT 231021906 1,864 17,200 PUT SOLE 17,200
CURRENCYSHARES EURO TR CALL 23130C908 69,946 534,100 CALL SOLE 534,100
CVR ENERGY INC COM 12662P108 15,370 315,023 SH SOLE 315,023
CVR ENERGY INC PUT 12662P958 5,855 120,000 PUT SOLE 120,000
CVS CAREMARK CORPORATION CALL 126650900 527 10,900 CALL SOLE 10,900
CVS CAREMARK CORPORATION PUT 126650900 2,253 46,600 PUT SOLE 46,600
CYMER INC COM 232572107 8,597 95,066 SH SOLE 95,066
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
CYTORI THERAPEUTICS INC COM 23283K105 39 13,878 SH SOLE 13,878
DANAHER CORP DEL CALL 235851902 816 14,600 CALL SOLE 14,600
DANAHER CORP DEL PUT 235851902 1,951 34,900 PUT SOLE 34,900
DEAN FOODS CO NEW PUT 242370904 170 10,300 PUT SOLE 10,300
DEERE & CO CALL 244199905 596 6,900 CALL SOLE 6,900
DEERE & CO PUT 244199905 2,212 25,600 PUT SOLE 25,600
DEVON ENERGY CORP NEW COM 25179M103 246 4,724 SH SOLE 4,724
DEVON ENERGY CORP NEW CALL 25179M903 349 6,700 CALL SOLE 6,700
DEVON ENERGY CORP NEW PUT 25179M903 333 6,400 PUT SOLE 6,400
DIGITALGLOBE INC COM NEW 25389M877 3,725 152,429 SH SOLE 152,429
DIRECTV CALL 25490A909 261 5,200 CALL SOLE 5,200
DIRECTV PUT 25490A909 276 5,500 PUT SOLE 5,500
DISCOVER FINL SVCS CALL 254709908 1,234 32,000 CALL SOLE 32,000
DISCOVER FINL SVCS PUT 254709908 2,571 66,700 PUT SOLE 66,700
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 10,790 184,443 SH SOLE 184,443
DISH NETWORK CORP CL A 25470M109 7,444 204,503 SH SOLE 204,503
DISNEY WALT CO COM DISNEY 254687106 398 7,987 SH SOLE 7,987
DISNEY WALT CO PUT 254687956 856 17,200 PUT SOLE 17,200
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
DOCUMENT SEC SYS INC COM 25614T101 1,104 508,970 SH SOLE 508,970
DOLE FOOD CO INC NEW COM 256603101 6,825 595,042 SH SOLE 595,042
DONNELLEY R R & SONS CO CALL 257867901 121 13,400 CALL SOLE 13,400
DOVER CORP PUT 260003958 1,005 15,300 PUT SOLE 15,300
DR PEPPER SNAPPLE GROUP INC PUT 26138E909 261 5,900 PUT SOLE 5,900
E TRADE FINANCIAL CORP CALL 269246901 235 26,300 CALL SOLE 26,300
E TRADE FINANCIAL CORP PUT 269246901 202 22,600 PUT SOLE 22,600
EATON CORP PLC CALL G29183903 504 9,300 CALL SOLE 9,300
EATON CORP PLC PUT G29183903 1,702 31,400 PUT SOLE 31,400
ELDORADO GOLD CORP NEW COM 284902103 554 43,033 SH SOLE 43,033
ELDORADO GOLD CORP NEW CALL 284902903 403 31,300 CALL SOLE 31,300
ELDORADO GOLD CORP NEW PUT 284902903 1,976 153,400 PUT SOLE 153,400
EMERSON ELEC CO CALL 291011904 948 17,900 CALL SOLE 17,900
EMERSON ELEC CO PUT 291011904 2,124 40,100 PUT SOLE 40,100
ENDO HEALTH SOLUTIONS INC CALL 29264F905 7,043 268,500 CALL SOLE 268,500
ENSCO PLC PUT G3157S906 368 6,200 PUT SOLE 6,200
ENZON PHARMACEUTICALS INC COM 293904108 500 112,800 SH SOLE 112,800
EOG RES INC CALL 26875P901 387 3,200 CALL SOLE 3,200
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
EOG RES INC PUT 26875P901 809 6,700 PUT SOLE 6,700
EPOCH HOLDING CORP COM 29428R103 8,620 308,949 SH SOLE 308,949
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,414 24,950 SH SOLE 24,950
EQUITY RESIDENTIAL CALL 29476L907 793 14,000 CALL SOLE 14,000
EQUITY RESIDENTIAL PUT 29476L907 2,199 38,800 PUT SOLE 38,800
EVEREST RE GROUP LTD COM G3223R108 874 7,952 SH SOLE 7,952
EXPEDITORS INTL WASH INC CALL 302130909 360 9,100 CALL SOLE 9,100
EXPEDITORS INTL WASH INC PUT 302130909 269 6,800 PUT SOLE 6,800
EXXON MOBIL CORP COM 30231G102 1,642 18,970 SH SOLE 18,970
EXXON MOBIL CORP CALL 30231G902 1,203 13,900 CALL SOLE 13,900
EXXON MOBIL CORP PUT 30231G902 7,149 82,600 PUT SOLE 82,600
FASTENAL CO CALL 311900904 644 13,800 CALL SOLE 13,800
FASTENAL CO PUT 311900904 289 6,200 PUT SOLE 6,200
FEDERATED INVS INC PA CALL 314211903 253 12,500 CALL SOLE 12,500
FEDEX CORP CALL 31428X906 853 9,300 CALL SOLE 9,300
FEDEX CORP PUT 31428X906 1,312 14,300 PUT SOLE 14,300
FIFTH THIRD BANCORP COM 316773100 176 11,617 SH SOLE 11,617
FIFTH THIRD BANCORP CALL 316773900 752 49,500 CALL SOLE 49,500
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- --------- --- ---- ---------- -------- ------ --------- ----
FIFTH THIRD BANCORP PUT 316773900 1,988 130,900 PUT SOLE 130,900
FIRST CALIFORNIA FINANCIAL G COM NEW 319395109 8,190 1,060,824 SH SOLE 1,060,824
FIRST MAJESTIC SILVER CORP CALL 32076V903 234 11,600 CALL SOLE 11,600
FIRST MAJESTIC SILVER CORP PUT 32076V903 551 27,300 PUT SOLE 27,300
FLOWSERVE CORP PUT 34354P955 573 3,900 PUT SOLE 3,900
FLUOR CORP NEW CALL 343412902 317 5,400 CALL SOLE 5,400
FLUOR CORP NEW PUT 343412902 740 12,600 PUT SOLE 12,600
FMC TECHNOLOGIES INC COM 30249U101 238 5,565 SH SOLE 5,565
FMC TECHNOLOGIES INC CALL 30249U901 214 5,000 CALL SOLE 5,000
FMC TECHNOLOGIES INC PUT 30249U901 338 7,900 PUT SOLE 7,900
FORD MTR CO DEL CALL 345370900 501 38,700 CALL SOLE 38,700
FORD MTR CO DEL PUT 345370900 339 26,200 PUT SOLE 26,200
FRANKLIN RES INC COM 354613101 477 3,794 SH SOLE 3,794
FRANKLIN RES INC CALL 354613901 691 5,500 CALL SOLE 5,500
FRANKLIN RES INC PUT 354613901 2,413 19,200 PUT SOLE 19,200
FREEPORT-MCMORAN COPPER & GO COM 35671D857 3,335 97,509 SH SOLE 97,509
FREEPORT-MCMORAN COPPER & GO CALL 35671D907 15,407 450,500 CALL SOLE 450,500
GARDNER DENVER INC COM 365558105 13,015 190,000 SH SOLE 190,000
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 MANAGERS SOLE SHARED NONE
-------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ------ --------- ----
GENERAL DYNAMICS CORP CALL 369550908 630 9,100 CALL SOLE 9,100
GENERAL DYNAMICS CORP PUT 369550908 1,254 18,100 PUT SOLE 18,100
GENERAL ELECTRIC CO COM 369604103 1,306 62,230 SH SOLE 62,230
GENERAL ELECTRIC CO CALL 369604903 2,099 100,000 CALL SOLE 100,000
GENERAL ELECTRIC CO PUT 369604903 9,401 447,900 PUT SOLE 447,900
GENERAL MLS INC CALL 370334904 323 8,000 CALL SOLE 8,000
GENERAL MLS INC PUT 370334904 938 23,200 PUT SOLE 23,200
GENERAL MTRS CO *W EXP 07/10/201 37045V118 42,165 2,162,291 SH SOLE 2,162,291
GENERAL MTRS CO *W EXP 07/10/201 37045V126 6,892 551,777 SH SOLE 551,777
GENERAL MTRS CO PUT 37045V950 5,847 202,800 PUT SOLE 202,800
GENWORTH FINL INC CALL 37247D906 357 47,500 CALL SOLE 47,500
GENWORTH FINL INC PUT 37247D906 352 46,900 PUT SOLE 46,900
GEOEYE INC COM 37250W108 4,098 133,368 SH SOLE 133,368
GEORGIA GULF CORP COM PAR$0.01 NEW 373200302 3,375 81,750 SH SOLE 81,750
GEORGIA GULF CORP CALL 373200902 2,308 55,900 CALL SOLE 55,900
GEORGIA GULF CORP PUT 373200902 1,102 26,700 PUT SOLE 26,700
GLEACHER & CO INC COM 377341102 697 929,796 SH SOLE 929,796
GOLD FIELDS LTD NEW CALL 38059T906 1,138 91,100 CALL SOLE 91,100
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 MANAGERS SOLE SHARED NONE
-------------- ----------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
GOLD FIELDS LTD NEW PUT 38059T906 1,466 117,400 PUT SOLE 117,400
GOLDCORP INC NEW COM 380956409 1,191 32,450 SH SOLE 32,450
GOLDCORP INC NEW CALL 380956909 1,402 38,200 CALL SOLE 38,200
GOLDCORP INC NEW PUT 380956909 4,621 125,900 PUT SOLE 125,900
GOLDMAN SACHS GROUP INC CALL 38141G904 3,240 25,400 CALL SOLE 25,400
GOLDMAN SACHS GROUP INC PUT 38141G904 8,177 64,100 PUT SOLE 64,100
GRAINGER W W INC CALL 384802904 304 1,500 CALL SOLE 1,500
GRAINGER W W INC PUT 384802904 567 2,800 PUT SOLE 2,800
GRAY TELEVISION INC COM 389375106 1,135 515,698 SH SOLE 515,698
GREENBRIER COS INC COM 393657101 485 30,000 SH SOLE 30,000
HALLIBURTON CO CALL 406216901 364 10,500 CALL SOLE 10,500
HALLIBURTON CO PUT 406216901 822 23,700 PUT SOLE 23,700
HANMI FINL CORP COM NEW 410495204 999 73,522 SH SOLE 73,522
HARBINGER GROUP INC COM 41146A106 3,845 500,000 SH SOLE 500,000
HARMONY GOLD MNG LTD CALL 413216900 624 69,600 CALL SOLE 69,600
HARMONY GOLD MNG LTD PUT 413216900 693 77,300 PUT SOLE 77,300
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 13,443 997,279 SH SOLE 997,279
HARTFORD FINL SVCS GROUP INC CALL 416515904 687 30,600 CALL SOLE 30,600
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 MANAGERS SOLE SHARED NONE
-------------- ---------------- --------- -------- --------- --- ---- ---------- -------- ------ --------- ----
HARTFORD FINL SVCS GROUP INC PUT 416515904 1,138 50,700 PUT SOLE 50,700
HAWAIIAN TELCOM HOLDCO INC COM 420031106 883 45,297 SH SOLE 45,297
HCP INC CALL 40414L909 2,277 50,400 CALL SOLE 50,400
HCP INC PUT 40414L909 1,640 36,300 PUT SOLE 36,300
HEALTH CARE REIT INC COM 42217K106 594 9,688 SH SOLE 9,688
HECLA MNG CO CALL 422704906 104 17,800 CALL SOLE 17,800
HECLA MNG CO PUT 422704906 458 78,600 PUT SOLE 78,600
HEELYS INC COM 42279M107 148 66,500 SH SOLE 66,500
HEINZ H J CO PUT 423074903 727 12,600 PUT SOLE 12,600
HERSHEY CO PUT 427866908 404 5,600 PUT SOLE 5,600
HERTZ GLOBAL HOLDINGS INC NOTE 5.250% 6/0 42805TAA3 2,031 1,000,000 PRN SOLE 1,000,000
HESS CORP PUT 42809H907 387 7,300 PUT SOLE 7,300
HOME DEPOT INC COM 437076102 443 7,156 SH SOLE 7,156
HOME DEPOT INC PUT 437076952 1,583 25,600 PUT SOLE 25,600
HONDA MOTOR LTD AMERN SHS 438128308 369 10,000 SH SOLE 10,000
HONEYWELL INTL INC CALL 438516906 1,028 16,200 CALL SOLE 16,200
HONEYWELL INTL INC PUT 438516906 2,913 45,900 PUT SOLE 45,900
HOST HOTELS & RESORTS INC COM 44107P104 186 11,886 SH SOLE 11,886
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- --------- --- ---- ---------- -------- ------ --------- ----
HOST HOTELS & RESORTS INC CALL 44107P904 691 44,100 CALL SOLE 44,100
HOST HOTELS & RESORTS INC PUT 44107P904 1,128 72,000 PUT SOLE 72,000
HUDSON CITY BANCORP COM 443683107 11,881 1,461,423 SH SOLE 1,461,423
HUDSON CITY BANCORP CALL 443683907 150 18,500 CALL SOLE 18,500
HUDSON CITY BANCORP PUT 443683907 615 75,700 PUT SOLE 75,700
HUNTINGTON BANCSHARES INC COM 446150104 103 16,097 SH SOLE 16,097
HUNTINGTON BANCSHARES INC CALL 446150904 493 77,200 CALL SOLE 77,200
HUNTINGTON BANCSHARES INC PUT 446150904 583 91,300 PUT SOLE 91,300
IAMGOLD CORP COM 450913108 233 20,283 SH SOLE 20,283
IAMGOLD CORP CALL 450913908 265 23,100 CALL SOLE 23,100
IAMGOLD CORP PUT 450913908 1,192 103,900 PUT SOLE 103,900
IDENIX PHARMACEUTICALS INC COM 45166R204 1,486 306,356 SH SOLE 306,356
ILLINOIS TOOL WKS INC CALL 452308909 669 11,000 CALL SOLE 11,000
ILLINOIS TOOL WKS INC PUT 452308909 1,429 23,500 PUT SOLE 23,500
ILLUMINA INC CALL 452327909 245 4,400 CALL SOLE 4,400
INGERSOLL-RAND PLC CALL G47791901 230 4,800 CALL SOLE 4,800
INGERSOLL-RAND PLC PUT G47791901 763 15,900 PUT SOLE 15,900
INTERCONTINENTALEXCHANGE INC COM 45865V100 494 3,987 SH SOLE 3,987
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 MANAGERS SOLE SHARED NONE
-------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ------ ---------- ----
INTERCONTINENTALEXCHANGE INC CALL 45865V900 594 4,800 CALL SOLE 4,800
INTERCONTINENTALEXCHANGE INC PUT 45865V900 1,114 9,000 PUT SOLE 9,000
INTERDIGITAL INC CALL 45867G901 13,571 330,200 CALL SOLE 330,200
INTERDIGITAL INC PUT 45867G901 8,220 200,000 PUT SOLE 200,000
INTERPUBLIC GROUP COS INC COM 460690100 2,374 215,470 SH SOLE 215,470
INVESCO LTD CALL G491BT908 663 25,400 CALL SOLE 25,400
INVESCO LTD PUT G491BT908 1,563 59,900 PUT SOLE 59,900
IRON MTN INC PUT 462846906 211 6,800 PUT SOLE 6,800
ISHARES TR PUT 464287955 8,598 102,000 PUT SOLE 102,000
ISTAR FINL INC NOTE 3.000%11/1 45031UBR1 31,152 30,500,000 PRN SOLE 30,500,000
JACOBS ENGR GROUP INC DEL PUT 469814907 226 5,300 PUT SOLE 5,300
JOY GLOBAL INC CALL 481165908 236 3,700 CALL SOLE 3,700
JOY GLOBAL INC PUT 481165908 268 4,200 PUT SOLE 4,200
JPMORGAN CHASE & CO COM 46625H100 7,520 171,037 SH SOLE 171,037
JPMORGAN CHASE & CO PUT 46625H950 26,364 599,600 PUT SOLE 599,600
KAYAK SOFTWARE CORP CL A 486577109 1,226 30,867 SH SOLE 30,867
KBW INC COM 482423100 4,924 321,854 SH SOLE 321,854
KELLOGG CO CALL 487836908 380 6,800 CALL SOLE 6,800
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
KELLOGG CO PUT 487836908 330 5,900 PUT SOLE 5,900
KEYCORP NEW COM 493267108 170 20,139 SH SOLE 20,139
KEYCORP NEW CALL 493267908 767 91,100 CALL SOLE 91,100
KEYCORP NEW PUT 493267908 738 87,600 PUT SOLE 87,600
KIMBERLY CLARK CORP PUT 494368953 1,241 14,700 PUT SOLE 14,700
KIMCO RLTY CORP COM 49446R109 718 37,146 SH SOLE 37,146
KIMCO RLTY CORP CALL 49446R909 694 35,900 CALL SOLE 35,900
KIMCO RLTY CORP PUT 49446R909 862 44,600 PUT SOLE 44,600
KINDER MORGAN INC DEL CALL 49456B901 233 6,600 CALL SOLE 6,600
KINDER MORGAN INC DEL PUT 49456B901 442 12,500 PUT SOLE 12,500
KINROSS GOLD CORP CALL 496902904 487 50,100 CALL SOLE 50,100
KINROSS GOLD CORP PUT 496902904 2,177 224,000 PUT SOLE 224,000
KRAFT FOODS GROUP INC PUT 50076Q956 1,132 24,900 PUT SOLE 24,900
KROGER CO PUT 501044901 544 20,900 PUT SOLE 20,900
L-3 COMMUNICATIONS HLDGS INC CALL 502424904 345 4,500 CALL SOLE 4,500
L-3 COMMUNICATIONS HLDGS INC PUT 502424904 207 2,700 PUT SOLE 2,700
LAS VEGAS SANDS CORP PUT 517834957 1,385 30,000 PUT SOLE 30,000
LAUDER ESTEE COS INC PUT 518439904 575 9,600 PUT SOLE 9,600
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 MANAGERS SOLE SHARED NONE
-------------- ----------------- --------- -------- ---------- --- ---- ---------- -------- ------ ---------- ----
LEGG MASON INC CALL 524901905 301 11,700 CALL SOLE 11,700
LEGG MASON INC PUT 524901905 247 9,600 PUT SOLE 9,600
LEUCADIA NATL CORP COM 527288104 5,831 245,105 SH SOLE 245,105
LG DISPLAY CO LTD SPONS ADR REP 50186V102 845 58,378 SH SOLE 58,378
LIBERTY MEDIA CORP LIB CAP COM A 530322106 20,318 175,141 SH SOLE 20,318
LIBERTY MEDIA CORP DEB 3.500% 1/1 530715AN1 9,362 19,584,000 PRN SOLE 19,584,000
LIBERTY MEDIA CORP NEW DEB 3.125% 3/3 530718AF2 90,248 61,999,000 PRN SOLE 61,999,000
LINCOLN NATL CORP IND *W EXP 07/10/201 534187117 25,312 1,469,892 SH SOLE 1,469,892
LINCOLN NATL CORP IND CALL 534187909 679 26,200 CALL SOLE 26,200
LINCOLN NATL CORP IND PUT 534187909 707 27,300 PUT SOLE 27,300
LOCKHEED MARTIN CORP CALL 539830909 406 4,400 CALL SOLE 4,400
LOCKHEED MARTIN CORP PUT 539830909 1,578 17,100 PUT SOLE 17,100
LOEWS CORP COM 540424108 472 11,590 SH SOLE 11,590
LORILLARD INC CALL 544147901 280 2,400 CALL SOLE 2,400
LORILLARD INC PUT 544147901 408 3,500 PUT SOLE 3,500
LOWES COS INC CALL 548661907 284 8,000 CALL SOLE 8,000
LOWES COS INC PUT 548661907 405 11,400 PUT SOLE 11,400
M & T BK CORP CALL 55261F904 719 7,300 CALL SOLE 7,300
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 MANAGERS SOLE SHARED NONE
-------------- --------------- --------- -------- --------- --- ---- ---------- -------- ------ --------- ----
M & T BK CORP PUT 55261F904 1,556 15,800 PUT SOLE 15,800
MARATHON OIL CORP PUT 565849906 561 18,300 PUT SOLE 18,300
MARATHON PETE CORP PUT 56585A952 567 9,000 PUT SOLE 9,000
MARKEL CORP COM 570535104 1,084 2,500 SH SOLE 2,500
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 348 7,500 SH SOLE 7,500
MARSH & MCLENNAN COS INC CALL 571748902 1,113 32,300 CALL SOLE 32,300
MARSH & MCLENNAN COS INC PUT 571748902 2,596 75,300 PUT SOLE 75,300
MASCO CORP PUT 574599906 468 28,100 PUT SOLE 28,100
MCDONALDS CORP CALL 580135901 617 7,000 CALL SOLE 7,000
MCDONALDS CORP PUT 580135901 900 10,200 PUT SOLE 10,200
MCMORAN EXPLORATION CO COM 582411104 9,973 621,400 SH SOLE 621,400
MCMORAN EXPLORATION CO CALL 582411904 5,881 366,400 CALL SOLE 366,400
MEAD JOHNSON NUTRITION CO PUT 582839906 428 6,500 PUT SOLE 6,500
METLIFE INC COM 59156R108 1,268 38,493 SH SOLE 38,493
METLIFE INC CALL 59156R908 1,907 57,900 CALL SOLE 57,900
METLIFE INC PUT 59156R908 4,641 140,900 PUT SOLE 140,900
METROPCS COMMUNICATIONS INC COM 591708102 11,978 1,205,005 SH SOLE 1,205,005
METROPCS COMMUNICATIONS INC CALL 591708902 1,988 200,000 CALL SOLE 200,000
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 MANAGERS SOLE SHARED NONE
-------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ------ ---------- ----
MGIC INVT CORP WIS NOTE 5.000% 5/0 552848AD5 34,546 46,057,000 PRN SOLE 46,057,000
MGT CAPITAL INVTS INC COM NEW 55302P202 195 50,000 SH SOLE 50,000
MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 81 15,000 SH SOLE 15,000
MOLSON COORS BREWING CO PUT 60871R909 325 7,600 PUT SOLE 7,600
MONDELEZ INTL INC CALL 609207905 433 17,000 CALL SOLE 17,000
MONDELEZ INTL INC PUT 609207905 1,500 58,900 PUT SOLE 58,900
MONSTER BEVERAGE CORP PUT 611740901 280 5,300 PUT SOLE 5,300
MOODYS CORP CALL 615369905 674 13,400 CALL SOLE 13,400
MOODYS CORP PUT 615369905 1,233 24,500 PUT SOLE 24,500
MORGAN STANLEY CALL 617446908 1,226 64,100 CALL SOLE 64,100
MORGAN STANLEY PUT 617446908 4,009 209,700 PUT SOLE 209,700
MOTORCAR PTS AMER INC COM 620071100 654 99,600 SH SOLE 99,600
MPG OFFICE TR INC COM 553274101 1,283 416,500 SH SOLE 416,500
MSCI INC COM 55354G100 4,221 136,200 SH SOLE 136,200
MURPHY OIL CORP PUT 626717902 298 5,000 PUT SOLE 5,000
NABORS INDUSTRIES LTD PUT G6359F903 163 11,300 PUT SOLE 11,300
NASDAQ OMX GROUP INC CALL 631103908 290 11,600 CALL SOLE 11,600
NASDAQ OMX GROUP INC PUT 631103908 273 10,900 PUT SOLE 10,900
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- --------- --- ---- ---------- -------- ------ --------- ----
NATIONAL OILWELL VARCO INC CALL 637071901 642 9,400 CALL SOLE 9,400
NATIONAL OILWELL VARCO INC PUT 637071901 472 6,900 PUT SOLE 6,900
NAUTILUS MARINE ACQUISIT COR SHS Y6255E101 5,940 594,000 SH SOLE 594,000
NETFLIX INC COM 64110L106 2,320 25,000 SH SOLE 25,000
NEW GOLD INC CDA CALL 644535906 459 41,600 CALL SOLE 41,600
NEW GOLD INC CDA PUT 644535906 1,246 113,000 PUT SOLE 113,000
NEWMONT MINING CORP COM 651639106 703 15,140 SH SOLE 15,140
NEWMONT MINING CORP CALL 651639906 1,152 24,800 CALL SOLE 24,800
NEWMONT MINING CORP PUT 651639906 3,478 74,900 PUT SOLE 74,900
NEWS CORP CALL 65248E904 414 16,200 CALL SOLE 16,200
NEWS CORP PUT 65248E904 766 30,000 PUT SOLE 30,000
NEXEN INC COM 65334H102 29,275 1,086,683 SH SOLE 1,086,683
NEXEN INC CALL 65334H902 13,168 488,800 CALL SOLE 488,800
NIKE INC CALL 654106903 382 7,400 CALL SOLE 7,400
NIKE INC PUT 654106903 258 5,000 PUT SOLE 5,000
NOBLE ENERGY INC CALL 655044905 254 2,500 CALL SOLE 2,500
NOBLE ENERGY INC PUT 655044905 488 4,800 PUT SOLE 4,800
NORFOLK SOUTHERN CORP CALL 655844908 705 11,400 CALL SOLE 11,400
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
NORFOLK SOUTHERN CORP PUT 655844908 1,045 16,900 PUT SOLE 16,900
NORTHERN TR CORP CALL 665859904 798 15,900 CALL SOLE 15,900
NORTHERN TR CORP PUT 665859904 1,174 23,400 PUT SOLE 23,400
NORTHROP GRUMMAN CORP CALL 666807902 277 4,100 CALL SOLE 4,100
NORTHROP GRUMMAN CORP PUT 666807902 1,081 16,000 PUT SOLE 16,000
NYSE EURONEXT COM 629491101 1,611 51,075 SH SOLE 51,075
NYSE EURONEXT CALL 629491901 883 28,000 CALL SOLE 28,000
NYSE EURONEXT PUT 629491901 609 19,300 PUT SOLE 19,300
OCCIDENTAL PETE CORP DEL COM 674599105 325 4,242 SH SOLE 4,242
OCCIDENTAL PETE CORP DEL CALL 674599905 682 8,900 CALL SOLE 8,900
OCCIDENTAL PETE CORP DEL PUT 674599905 950 12,400 PUT SOLE 12,400
PACCAR INC CALL 693718908 366 8,100 CALL SOLE 8,100
PACCAR INC PUT 693718908 1,035 22,900 PUT SOLE 22,900
PAN AMERICAN SILVER CORP PUT 697900908 785 41,900 PUT SOLE 41,900
PARKER HANNIFIN CORP CALL 701094904 281 3,300 CALL SOLE 3,300
PARKER HANNIFIN CORP PUT 701094904 910 10,700 PUT SOLE 10,700
PARTNERRE LTD COM G6852T105 907 11,266 SH SOLE 11,266
PEABODY ENERGY CORP COM 704549104 1,632 61,314 SH SOLE 61,314
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 MANAGERS SOLE SHARED NONE
-------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ------ ---------- ----
PEABODY ENERGY CORP PUT 704549904 216 8,100 PUT SOLE 8,100
PEOPLES UNITED FINANCIAL INC CALL 712704905 424 35,100 CALL SOLE 35,100
PEOPLES UNITED FINANCIAL INC PUT 712704905 271 22,400 PUT SOLE 22,400
PEPSICO INC COM 713448108 651 9,520 SH SOLE 9,520
PEPSICO INC CALL 713448908 342 5,000 CALL SOLE 5,000
PEPSICO INC PUT 713448908 2,039 29,800 PUT SOLE 29,800
PHH CORP NOTE 6.000% 6/1 693320AQ6 38,733 19,500,000 PRN SOLE 19,500,000
PHH CORP CALL 693320902 6,825 300,000 CALL SOLE 300,000
PHILIP MORRIS INTL INC COM 718172109 662 7,919 SH SOLE 7,919
PHILIP MORRIS INTL INC CALL 718172909 1,255 15,000 CALL SOLE 15,000
PHILIP MORRIS INTL INC PUT 718172909 5,395 64,500 PUT SOLE 64,500
PHILLIPS 66 CALL 718546904 212 4,000 CALL SOLE 4,000
PHILLIPS 66 PUT 718546904 812 15,300 PUT SOLE 15,300
PIONEER NAT RES CO CALL 723787907 234 2,200 CALL SOLE 2,200
PIONEER NAT RES CO PUT 723787907 661 6,200 PUT SOLE 6,200
PLUM CREEK TIMBER CO INC PUT 729251908 1,043 23,500 PUT SOLE 23,500
PNC FINL SVCS GROUP INC CALL 693475905 2,443 41,900 CALL SOLE 41,900
PNC FINL SVCS GROUP INC PUT 693475905 3,668 62,900 PUT SOLE 62,900
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
POSCO SPONSORED ADR 693483109 594 7,231 SH SOLE 7,231
PPG INDS INC COM 693506107 7,320 54,080 SH SOLE 54,080
PRECISION CASTPARTS CORP CALL 740189905 796 4,200 CALL SOLE 4,200
PRECISION CASTPARTS CORP PUT 740189905 1,269 6,700 PUT SOLE 6,700
PRICE T ROWE GROUP INC CALL 74144T908 1,016 15,600 CALL SOLE 15,600
PRICE T ROWE GROUP INC PUT 74144T908 2,221 34,100 PUT SOLE 34,100
PRICELINE COM INC CALL 741503903 248 400 CALL SOLE 400
PRICELINE COM INC PUT 741503903 248 400 PUT SOLE 400
PRINCIPAL FINL GROUP INC CALL 74251V902 585 20,500 CALL SOLE 20,500
PRINCIPAL FINL GROUP INC PUT 74251V902 867 30,400 PUT SOLE 30,400
PROCTER & GAMBLE CO CALL 742718909 1,799 26,500 CALL SOLE 26,500
PROCTER & GAMBLE CO PUT 742718909 6,674 98,300 PUT SOLE 98,300
PROGRESSIVE CORP OHIO CALL 743315903 1,277 60,500 CALL SOLE 60,500
PROGRESSIVE CORP OHIO PUT 743315903 1,000 47,400 PUT SOLE 47,400
PROLOGIS INC COM 74340W103 628 17,204 SH SOLE 17,204
PRUDENTIAL FINL INC COM 744320102 601 11,276 SH SOLE 11,276
PRUDENTIAL FINL INC CALL 744320902 1,579 29,600 CALL SOLE 29,600
PRUDENTIAL FINL INC PUT 744320902 3,178 59,600 PUT SOLE 59,600
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 MANAGERS SOLE SHARED NONE
-------------- ---------------- --------- -------- ----------- --- ---- ---------- -------- ------ ----------- ----
PSS WORLD MED INC COM 69366A100 2,910 100,752 SH SOLE 100,752
PUBLIC STORAGE COM 74460D109 774 5,342 SH SOLE 5,342
QUANTA SVCS INC PUT 74762E902 229 8,400 PUT SOLE 8,400
RADIAN GROUP INC NOTE 3.000%11/1 750236AK7 93,939 105,546,000 PRN SOLE 105,546,000
RADIO ONE INC CL D NON VTG 75040P405 114 150,000 SH SOLE 150,000
RALCORP HLDGS INC NEW COM 751028101 4,461 49,765 SH SOLE 49,765
RANDGOLD RES LTD ADR 752344309 559 5,628 SH SOLE 5,628
RANDGOLD RES LTD CALL 752344909 318 3,200 CALL SOLE 3,200
RANDGOLD RES LTD PUT 752344909 2,174 21,900 PUT SOLE 21,900
RANGE RES CORP PUT 75281A909 358 5,700 PUT SOLE 5,700
RAYTHEON CO CALL 755111907 299 5,200 CALL SOLE 5,200
RAYTHEON CO PUT 755111907 1,215 21,100 PUT SOLE 21,100
REGIONS FINL CORP NEW CALL 7591EP900 1,020 143,200 CALL SOLE 143,200
REGIONS FINL CORP NEW PUT 7591EP900 907 127,400 PUT SOLE 127,400
RENAISSANCERE HOLDINGS LTD COM G7496G103 803 9,883 SH SOLE 9,883
REPUBLIC SVCS INC CALL 760759900 226 7,700 CALL SOLE 7,700
REPUBLIC SVCS INC PUT 760759900 408 13,900 PUT SOLE 13,900
REYNOLDS AMERICAN INC COM 761713106 359 8,675 SH SOLE 8,675
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 MANAGERS SOLE SHARED NONE
-------------- ----------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
REYNOLDS AMERICAN INC PUT 761713956 485 11,700 PUT SOLE 11,700
ROBBINS & MYERS INC COM 770196103 5,139 86,448 SH SOLE 86,448
ROBBINS & MYERS INC CALL 770196903 11,004 185,100 CALL SOLE 185,100
ROCKWELL AUTOMATION INC CALL 773903909 370 4,400 CALL SOLE 4,400
ROCKWELL AUTOMATION INC PUT 773903909 790 9,400 PUT SOLE 9,400
ROCKWELL COLLINS INC PUT 774341901 663 11,400 PUT SOLE 11,400
ROI ACQUISITION CORP COM 74966A104 975 100,000 SH SOLE 100,000
ROI ACQUISITION CORP *W EXP 02/28/201 74966A112 37 92,900 SH SOLE 92,900
ROPER INDS INC NEW PUT 776696956 792 7,100 PUT SOLE 7,100
ROWAN COMPANIES PLC PUT G7665A901 269 8,600 PUT SOLE 8,600
ROYAL GOLD INC CALL 780287908 382 4,700 CALL SOLE 4,700
ROYAL GOLD INC PUT 780287908 1,212 14,900 PUT SOLE 14,900
RYDER SYS INC PUT 783549908 210 4,200 PUT SOLE 4,200
SANOFI RIGHT 12/31/2020 80105N113 512 300,000 SH SOLE 300,000
SAUER-DANFOSS INC COM 804137107 15,208 284,959 SH SOLE 284,959
SAUER-DANFOSS INC CALL 804137907 27,854 521,900 CALL SOLE 521,900
SCG FINL ACQUISITION CORP COM 78404K103 643 65,000 SH SOLE 65,000
SCHLUMBERGER LTD COM 806857108 886 12,794 SH SOLE 12,794
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 MANAGERS SOLE SHARED NONE
-------------- --------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
SCHLUMBERGER LTD CALL 806857908 991 14,300 CALL SOLE 14,300
SCHLUMBERGER LTD PUT 806857908 1,982 28,600 PUT SOLE 28,600
SCHWAB CHARLES CORP NEW CALL 808513905 1,501 104,500 CALL SOLE 104,500
SCHWAB CHARLES CORP NEW PUT 808513905 1,367 95,200 PUT SOLE 95,200
SEALY CORP SR SECD 3RD 8% 812139400 25,353 343,763 PRN SOLE 343,763
SEARS HOMETOWN & OUTLET STOR COM 812362101 840 25,793 SH SOLE 25,793
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 1,108 15,506 SH SOLE 15,506
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 467 12,322 SH SOLE 12,322
SHAW GROUP INC COM 820280105 2,874 61,670 SH SOLE 61,670
SHAW GROUP INC CALL 820280905 2,797 60,000 CALL SOLE 60,000
SILVER STD RES INC PUT 82823L906 275 18,500 PUT SOLE 18,500
SILVER WHEATON CORP COM 828336107 423 11,737 SH SOLE 11,737
SILVER WHEATON CORP CALL 828336907 325 9,000 CALL SOLE 9,000
SILVER WHEATON CORP PUT 828336907 2,666 73,900 PUT SOLE 73,900
SIMON PPTY GROUP INC NEW CALL 828806909 3,083 19,500 CALL SOLE 19,500
SIMON PPTY GROUP INC NEW PUT 828806909 5,928 37,500 PUT SOLE 37,500
SLM CORP CALL 78442P906 586 34,200 CALL SOLE 34,200
SLM CORP PUT 78442P906 995 58,100 PUT SOLE 58,100
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
SMUCKER J M CO CALL 832696905 362 4,200 CALL SOLE 4,200
SOUTHWEST AIRLS CO CALL 844741908 248 24,200 CALL SOLE 24,200
SOUTHWEST AIRLS CO PUT 844741908 381 37,200 PUT SOLE 37,200
SOUTHWESTERN ENERGY CO PUT 845467909 361 10,800 PUT SOLE 10,800
SPDR S&P 500 ETF TR CALL 78462F903 7,767 54,500 CALL SOLE 54,500
SPDR S&P 500 ETF TR PUT 78462F903 30,571 214,500 PUT SOLE 214,500
SPRINT NEXTEL CORP CALL 852061900 1,701 300,000 CALL SOLE 300,000
SPX CORP CALL 784635904 18,856 268,800 CALL SOLE 268,800
STANLEY BLACK & DECKER INC CALL 854502901 303 4,100 CALL SOLE 4,100
STANLEY BLACK & DECKER INC PUT 854502901 533 7,200 PUT SOLE 7,200
STAPLES INC CALL 855030902 1,623 142,400 CALL SOLE 142,400
STAPLES INC PUT 855030902 122 10,700 PUT SOLE 10,700
STARBUCKS CORP CALL 855244909 493 9,200 CALL SOLE 9,200
STATE STR CORP CALL 857477903 1,683 35,800 CALL SOLE 35,800
STATE STR CORP PUT 857477903 2,745 58,400 PUT SOLE 58,400
STIFEL FINL CORP COM 860630102 598 18,700 SH SOLE 18,700
STIFEL FINL CORP PUT 860630952 1,407 44,000 PUT SOLE 44,000
SUNTRUST BKS INC CALL 867914903 984 34,700 CALL SOLE 34,700
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 MANAGERS SOLE SHARED NONE
-------------- ----------------- --------- -------- --------- --- ---- ---------- -------- ------ --------- ----
SUNTRUST BKS INC PUT 867914903 2,041 72,000 PUT SOLE 72,000
SUPERCONDUCTOR TECHNOLOGIES COM NEW 867931305 536 1,803,144 SH SOLE 1,803,144
SYCAMORE NETWORKS INC COM NEW 871206405 2,856 1,275,004 SH SOLE 1,275,004
SYSCO CORP PUT 871829957 924 29,200 PUT SOLE 29,200
T3 MOTION INC COM NEW 89853X306 30 250,000 SH SOLE 250,000
T3 MOTION INC *W EXP 05/13/201 89853X116 -- 147,000 SH SOLE 147,000
T3 MOTION INC *W EXP 05/13/201 89853X124 10 146,000 SH SOLE 146,000
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 1,860 108,400 SH SOLE 108,400
TARGACEPT INC COM 87611R306 1,096 250,308 SH SOLE 250,308
TARGET CORP PUT 87612E906 491 8,300 PUT SOLE 8,300
TATA MTRS LTD SPONSORED ADR 876568502 560 19,500 SH SOLE 19,500
TESORO CORP CALL 881609901 255 5,800 CALL SOLE 5,800
TESORO CORP PUT 881609901 379 8,600 PUT SOLE 8,600
TESSERA TECHNOLOGIES INC COM 88164L100 362 22,068 SH SOLE 22,068
TEXTRON INC COM 883203101 227 9,141 SH SOLE 9,141
TEXTRON INC CALL 883203901 203 8,200 CALL SOLE 8,200
TEXTRON INC PUT 883203901 451 18,200 PUT SOLE 18,200
THE ADT CORPORATION COM 00101J106 573 12,332 SH SOLE 12,332
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
TIME WARNER CABLE INC PUT 88732J907 379 3,900 PUT SOLE 3,900
TIME WARNER INC CALL 887317903 593 12,400 CALL SOLE 12,400
TIVO INC CALL 888706908 4,924 400,000 CALL SOLE 400,000
TIVO INC PUT 888706908 4,924 400,000 PUT SOLE 400,000
TJX COS INC NEW CALL 872540909 216 5,100 CALL SOLE 5,100
TJX COS INC NEW PUT 872540909 314 7,400 PUT SOLE 7,400
TRAVELERS COMPANIES INC COM 89417E109 1,808 25,170 SH SOLE 25,170
TRAVELERS COMPANIES INC CALL 89417E909 273 3,800 CALL SOLE 3,800
TRAVELERS COMPANIES INC PUT 89417E909 3,936 54,800 PUT SOLE 54,800
TYCO INTERNATIONAL LTD PUT H89128904 842 28,800 PUT SOLE 28,800
TYSON FOODS INC PUT 902494903 219 11,300 PUT SOLE 11,300
UNION PAC CORP CALL 907818908 1,219 9,700 CALL SOLE 9,700
UNION PAC CORP PUT 907818908 3,671 29,200 PUT SOLE 29,200
UNITED PARCEL SERVICE INC CALL 911312906 1,733 23,500 CALL SOLE 23,500
UNITED PARCEL SERVICE INC PUT 911312906 2,470 33,500 PUT SOLE 33,500
UNITED TECHNOLOGIES CORP CALL 913017909 1,894 23,100 CALL SOLE 23,100
UNITED TECHNOLOGIES CORP PUT 913017909 3,494 42,600 PUT SOLE 42,600
UNUM GROUP COM 91529Y106 213 10,232 SH SOLE 10,232
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
UNWIRED PLANET INC NEW COM 91531F103 440 366,699 SH SOLE 366,699
US BANCORP DEL COM NEW 902973304 1,432 44,826 SH SOLE 44,826
US BANCORP DEL CALL 902973904 3,644 114,100 CALL SOLE 114,100
US BANCORP DEL PUT 902973904 7,896 247,200 PUT SOLE 247,200
VALERO ENERGY CORP NEW PUT 91913Y900 850 24,900 PUT SOLE 24,900
VALIDUS HOLDINGS LTD COM SHS G9319H102 826 23,873 SH SOLE 23,873
VENTAS INC COM 92276F100 745 11,504 SH SOLE 11,504
VENTAS INC CALL 92276F900 227 3,500 CALL SOLE 3,500
VENTAS INC PUT 92276F900 2,621 40,500 PUT SOLE 40,500
VIACOM INC NEW PUT 92553P951 443 8,400 PUT SOLE 8,400
VORNADO RLTY TR CALL 929042909 1,305 16,300 CALL SOLE 16,300
VORNADO RLTY TR PUT 929042909 961 12,000 PUT SOLE 12,000
VRINGO INC CALL 92911N904 115 40,000 CALL SOLE 40,000
WALGREEN CO CALL 931422909 11,588 313,100 CALL SOLE 313,100
WALGREEN CO PUT 931422909 1,047 28,300 PUT SOLE 28,300
WAL-MART STORES INC COM 931142103 1,094 16,037 SH SOLE 16,037
WAL-MART STORES INC PUT 931142903 4,189 61,400 PUT SOLE 61,400
WARNACO GROUP INC COM NEW 934390402 7,463 104,270 SH SOLE 104,270
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 MANAGERS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
WASTE MGMT INC DEL CALL 94106L909 594 17,600 CALL SOLE 17,600
WASTE MGMT INC DEL PUT 94106L909 540 16,000 PUT SOLE 16,000
WAVE SYSTEMS CORP COM NEW 943526301 31 42,932 SH SOLE 42,932
WELLS FARGO & CO NEW CALL 949746901 10,797 315,900 CALL SOLE 315,900
WELLS FARGO & CO NEW PUT 949746901 22,439 656,500 PUT SOLE 656,500
WEST COAST BANCORP ORE NEW COM NEW 952145209 5,203 234,899 SH SOLE 234,899
WEYERHAEUSER CO COM 962166104 389 13,977 SH SOLE 13,977
WEYERHAEUSER CO CALL 962166904 203 7,300 CALL SOLE 7,300
WEYERHAEUSER CO PUT 962166904 2,746 98,700 PUT SOLE 98,700
WHOLE FOODS MKT INC CALL 966837906 228 2,500 CALL SOLE 2,500
WHOLE FOODS MKT INC PUT 966837906 557 6,100 PUT SOLE 6,100
WILLIAMS COS INC DEL CALL 969457900 242 7,400 CALL SOLE 7,400
WILLIAMS COS INC DEL PUT 969457900 632 19,300 PUT SOLE 19,300
WIPRO LTD SPON ADR 1 SH 97651M109 196 22,370 SH SOLE 22,370
WPCS INTL INC COM NEW 92931L203 152 389,815 SH SOLE 389,815
XL GROUP PLC SHS G98290102 967 38,598 SH SOLE 38,598
XL GROUP PLC CALL G98290902 231 9,200 CALL SOLE 9,200
XL GROUP PLC PUT G98290902 1,035 41,300 PUT SOLE 41,300
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 MANAGERS SOLE SHARED NONE
-------------- ----------------- --------- -------- ------- --- ---- ---------- -------- ------ --------- ----
YAMANA GOLD INC COM 98462Y100 725 42,102 SH SOLE 42,102
YAMANA GOLD INC CALL 98462Y900 358 20,800 CALL SOLE 20,800
YAMANA GOLD INC PUT 98462Y900 2,372 137,800 PUT SOLE 137,800
YRC WORLDWIDE INC NOTE 10.000% 3/3 984249AB8 73 248,611 PRN SOLE 248,611
YUM BRANDS INC CALL 988498901 259 3,900 CALL SOLE 3,900
YUM BRANDS INC PUT 988498901 259 3,900 PUT SOLE 3,900
ZHONGPIN INC COM 98952K107 896 69,750 SH SOLE 69,750
ZHONGPIN INC PUT 98952K957 2,729 212,500 PUT SOLE 212,500
ZIONS BANCORPORATION CALL 989701907 293 13,700 CALL SOLE 13,700
ZIONS BANCORPORATION PUT 989701907 477 22,300 PUT SOLE 22,300