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
ABBVIE INC COM 00287Y109 4 63 SH   SOLE   63 0 0
ADVENT SOFTWARE INC COM 007974108 88 2,000 SH   SOLE   2,000 0 0
ALCATEL-LUCENT SPONSORED ADR 013904305 36 10,000 SH   SOLE   10,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 25 300 SH   SOLE   300 0 0
ALPHA NAT RES INC COM 02076X102 0 380 SH   SOLE   380 0 0
ALTERA CORP COM 021441100 77 1,500 SH   SOLE   1,500 0 0
ANN INC COM 035623107 304 6,300 SH   SOLE   6,300 0 0
API TECHNOLOGIES CORP COM NEW 00187E203 1,490 593,782 SH   SOLE   593,782 0 0
APRICUS BIOSCIENCES INC COM 03832V109 2 1,266 SH   SOLE   1,266 0 0
ATLAS ENERGY GROUP LLC COM 04929Q102 522 104,352 SH   SOLE   104,352 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 403 64,300 SH   SOLE   64,300 0 0
AVON PRODS INC COM 054303102 4 600 SH   SOLE   600 0 0
AWARE INC MASS COM 05453N100 44 11,031 SH   SOLE   11,031 0 0
BAKER HUGHES INC COM 057224107 123 2,000 SH Put SOLE   0 0 0
BAKER HUGHES INC COM 057224107 370 6,000 SH   SOLE   6,000 0 0
BANK AMER CORP COM 060505104 1,551 91,100 SH Call SOLE   0 0 0
BANK AMER CORP COM 060505104 131 7,672 SH   SOLE   7,672 0 0
BRIDGE CAP HLDGS COM 108030107 119 4,000 SH   SOLE   4,000 0 0
BROADCOM CORP CL A 111320107 71 1,370 SH   SOLE   1,370 0 0
BSQUARE CORP COM NEW 11776U300 129 19,086 SH   SOLE   19,086 0 0
CATAMARAN CORP COM 148887102 165 2,700 SH   SOLE   2,700 0 0
CIGNA CORPORATION COM 125509109 243 1,500 SH Put SOLE   0 0 0
CIGNA CORPORATION COM 125509109 243 1,500 SH   SOLE   1,500 0 0
CITY NATL CORP COM 178566105 302 3,344 SH   SOLE   3,344 0 0
CLECO CORP NEW COM 12561W105 323 6,000 SH   SOLE   6,000 0 0
CLICKSOFTWARE TECHNOLOGIES L ORD M25082104 151 12,000 SH   SOLE   12,000 0 0
CLIFTON BANCORP INC COM 186873105 56 4,000 SH   SOLE   4,000 0 0
COCA COLA CO COM 191216100 0 8 SH   SOLE   8 0 0
COWEN GROUP INC NEW CL A 223622101 10 1,497 SH   SOLE   1,497 0 0
CRESTWOOD MIDSTREAM PARTNERS UNIT LTD PARTNER 226378107 2 200 SH   SOLE   200 0 0
CSX CORP COM 126408103 4,150 127,100 SH Call SOLE   0 0 0
CSX CORP COM 126408103 88 2,700 SH Put SOLE   0 0 0
DEALERTRACK TECHNOLOGIES INC COM 242309102 251 4,000 SH   SOLE   4,000 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 169 5,600 SH Put SOLE   0 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 75 2,500 SH   SOLE   2,500 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 63 2,100 SH Call SOLE   0 0 0
DIRECTV COM 25490A309 232 2,500 SH Call SOLE   0 0 0
DIRECTV COM 25490A309 186 2,000 SH   SOLE   2,000 0 0
DIREXION SHS ETF TR DLY R/E BEAR3X 25459Y363 86 3,000 SH   SOLE   3,000 0 0
DRESSER-RAND GROUP INC COM 261608103 341 4,000 SH   SOLE   4,000 0 0
EAGLE ROCK ENERGY PARTNERS L UNIT 26985R104 57 22,900 SH   SOLE   22,900 0 0
EXCEL TR INC COM 30068C109 110 7,000 SH   SOLE   7,000 0 0
EXELON CORP COM 30161N101 2,399 76,366 SH   SOLE   76,366 0 0
EXELON CORP COM 30161N101 3,349 106,600 SH Put SOLE   0 0 0
EXELON CORP COM 30161N101 2,482 79,000 SH Call SOLE   0 0 0
EXXON MOBIL CORP COM 30231G102 616 7,400 SH   SOLE   7,400 0 0
EXXON MOBIL CORP COM 30231G102 832 10,000 SH Put SOLE   0 0 0
FAMILY DLR STORES INC COM 307000109 394 5,000 SH   SOLE   5,000 0 0
FREESCALE SEMICONDUCTOR LTD SHS G3727Q101 134 3,351 SH   SOLE   3,351 0 0
GILEAD SCIENCES INC COM 375558103 2,787 23,800 SH Put SOLE   0 0 0
GILEAD SCIENCES INC COM 375558103 1,644 14,041 SH   SOLE   14,041 0 0
GILEAD SCIENCES INC COM 375558103 1,276 10,900 SH Call SOLE   0 0 0
GULF COAST ULTRA DEEP RTY TR ROYALTY TR UNT 40222T104 436 622,419 SH   SOLE   622,419 0 0
HATTERAS FINL CORP COM 41902R103 49 3,000 SH   SOLE   3,000 0 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 333 11,189 SH   SOLE   11,189 0 0
HCC INS HLDGS INC COM 404132102 154 2,000 SH   SOLE   2,000 0 0
HOME PROPERTIES INC COM 437306103 146 2,000 SH   SOLE   2,000 0 0
HOSPIRA INC COM 441060100 98 1,100 SH   SOLE   1,100 0 0
HUDSON CITY BANCORP COM 443683107 148 15,000 SH   SOLE   15,000 0 0
HUDSON VALLEY HOLDING CORP COM 444172100 56 2,000 SH   SOLE   2,000 0 0
HUNTINGTON BANCSHARES INC COM 446150104 25 2,196 SH   SOLE   2,196 0 0
IGATE CORP COM 45169U105 119 2,500 SH   SOLE   2,500 0 0
INFORMATICA CORP COM 45666Q102 145 3,000 SH   SOLE   3,000 0 0
INTEGRATED SILICON SOLUTION COM 45812P107 77 3,500 SH   SOLE   3,500 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 50 3,500 SH   SOLE   3,500 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 225 15,000 SH   SOLE   15,000 0 0
ITERIS INC COM 46564T107 5 2,708 SH   SOLE   2,708 0 0
KANDI TECHNOLOGIES GROUP INC COM 483709101 23 2,500 SH   SOLE   2,500 0 0
LRR ENERGY LP COM 50214A104 80 10,600 SH   SOLE   10,600 0 0
LUMENIS LTD SHS CL B M6778Q121 137 10,000 SH   SOLE   10,000 0 0
LUNA INNOVATIONS COM 550351100 1 1,271 SH   SOLE   1,271 0 0
MCG CAPITAL CORP COM 58047P107 66 14,568 SH   SOLE   14,568 0 0
MEADOWBROOK INS GROUP INC COM 58319P108 198 23,000 SH   SOLE   23,000 0 0
MEADOWBROOK INS GROUP INC COM 58319P108 52 6,000 SH Put SOLE   0 0 0
NET 1 UEPS TECHNOLOGIES INC COM NEW 64107N206 128 7,000 SH   SOLE   7,000 0 0
NEWLINK GENETICS CORP COM 651511107 266 6,000 SH Put SOLE   0 0 0
NORTH ATLANTIC DRILLING LTD COM G6613P202 29 24,000 SH   SOLE   24,000 0 0
NUMEREX CORP PA CL A 67053A102 2 200 SH   SOLE   200 0 0
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 92 10,000 SH   SOLE   10,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 389 5,000 SH Put SOLE   0 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 70 900 SH   SOLE   900 0 0
OFFICE DEPOT INC COM 676220106 3 400 SH   SOLE   400 0 0
OFFICE DEPOT INC COM 676220106 22 2,500 SH Put SOLE   0 0 0
OMNICARE INC COM 681904108 47 500 SH   SOLE   500 0 0
PALL CORP COM 696429307 212 1,700 SH   SOLE   1,700 0 0
PALMETTO BANCSHARES INC COM NEW 697062206 20 1,000 SH   SOLE   1,000 0 0
PARTNERRE LTD COM G6852T105 51 400 SH   SOLE   400 0 0
PEPCO HOLDINGS INC COM 713291102 97 3,600 SH   SOLE   3,600 0 0
PEPCO HOLDINGS INC COM 713291102 54 2,000 SH Put SOLE   0 0 0
PERRIGO CO PLC SHS G97822103 129 700 SH Put SOLE   0 0 0
PERRIGO CO PLC SHS G97822103 129 700 SH   SOLE   700 0 0
PMFG INC COM 69345P103 129 20,000 SH   SOLE   20,000 0 0
POLYPORE INTL INC COM 73179V103 240 4,000 SH   SOLE   4,000 0 0
PROSHARES TR ULTRA FNCLS NEW 74347X633 15 200 SH   SOLE   200 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 131 2,625 SH   SOLE   2,625 0 0
QEP MIDSTREAM PARTNERS LP COM UNIT RP LTD 74735R115 5 300 SH   SOLE   300 0 0
QUALITY DISTR INC FLA COM 74756M102 226 14,600 SH   SOLE   14,600 0 0
RADISYS CORP COM 750459109 5 2,000 SH   SOLE   2,000 0 0
ROSETTA RESOURCES INC COM 777779307 139 6,000 SH   SOLE   6,000 0 0
RTI INTL METALS INC COM 74973W107 158 5,000 SH   SOLE   5,000 0 0
SIGMA ALDRICH CORP COM 826552101 557 4,000 SH   SOLE   4,000 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 1,190 73,026 SH   SOLE   73,026 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 8 40 SH   SOLE   40 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 13,343 52,900 SH Call SOLE   0 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 15,740 62,400 SH Put SOLE   0 0 0
SUSQUEHANNA BANCSHARES INC P COM 869099101 271 19,193 SH   SOLE   19,193 0 0
TIME WARNER CABLE INC COM 88732J207 356 2,000 SH   SOLE   2,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 106 6,600 SH   SOLE   6,600 0 0
TRANSOCEAN LTD REG SHS H8817H100 82 5,100 SH Put SOLE   0 0 0
TWO HBRS INVT CORP COM 90187B101 97 10,000 SH   SOLE   10,000 0 0
UNILIFE CORP NEW COM 90478E103 2 1,000 SH   SOLE   1,000 0 0
UNION PAC CORP COM 907818108 3,099 32,491 SH   SOLE   32,491 0 0
UNION PAC CORP COM 907818108 5,236 54,900 SH Put SOLE   0 0 0
UNIVERSAL TECHNICAL INST INC COM 913915104 9 1,000 SH   SOLE   1,000 0 0
UNWIRED PLANET INC NEW COM 91531F103 2 4,000 SH   SOLE   4,000 0 0
VANGUARD NAT RES LLC COM UNIT 92205F106 12 800 SH Put SOLE   0 0 0
VANTAGE DRILLING COMPANY ORD SHS G93205113 1 6,000 SH   SOLE   6,000 0 0
VENAXIS INC COM 92262A107 0 250 SH   SOLE   250 0 0
WHIRLPOOL CORP COM 963320106 7,147 41,300 SH Put SOLE   0 0 0
WHIRLPOOL CORP COM 963320106 4,478 25,878 SH   SOLE   25,878 0 0
WHIRLPOOL CORP COM 963320106 986 5,700 SH Call SOLE   0 0 0
WILLIAMS COS INC DEL COM 969457100 287 5,000 SH Call SOLE   0 0 0
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 97 2,000 SH   SOLE   2,000 0 0
XENCOR INC COM 98401F105 2,813 128,018 SH   SOLE   128,018 0 0
YRC WORLDWIDE INC COM PAR $.01 984249607 1 53 SH   SOLE   53 0 0