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
ADVANCED PHOTONIX INC CL A 00754E107 2 4,000 SH   SOLE   4,000 0 0
ADVENT SOFTWARE INC COM 007974108 24 546 SH   SOLE   546 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 25 300 SH   SOLE   300 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 0 380 SH   SOLE   380 0 0
API TECHNOLOGIES CORP COM NEW 00187E203 1,229 593,782 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 627 104,352 SH   SOLE   104,352 0 0
ATLAS RESOURCE PARTNERS LP COM UNT LTD PR 04941A101 187 24,300 SH   SOLE   24,300 0 0
AUSPEX PHARMACEUTICALS INC COM 05211J102 150 1,500 SH   SOLE   1,500 0 0
AVIV REIT INC MD COM 05381L101 329 9,000 SH   SOLE   9,000 0 0
AVON PRODS INC COM 054303102 5 600 SH   SOLE   600 0 0
AWARE INC MASS COM 05453N100 48 11,031 SH   SOLE   11,031 0 0
BAKER HUGHES INC COM 057224107 318 5,000 SH Put SOLE   0 0 0
BAKER HUGHES INC COM 057224107 572 9,000 SH   SOLE   9,000 0 0
BANK AMER CORP COM 060505104 469 30,500 SH Put SOLE   0 0 0
BANK AMER CORP COM 060505104 231 15,000 SH Call SOLE   0 0 0
BANK AMER CORP COM 060505104 374 24,302 SH   SOLE   24,302 0 0
BANK KY FINL CORP COM 062896105 26 533 SH   SOLE   533 0 0
BRIDGE CAP HLDGS COM 108030107 104 4,000 SH   SOLE   4,000 0 0
BSQUARE CORP COM NEW 11776U300 90 19,086 SH   SOLE   19,086 0 0
CATAMARAN CORP COM 148887102 89 1,500 SH   SOLE   1,500 0 0
CIMATRON LTD ORD M23798107 79 9,000 SH   SOLE   9,000 0 0
CITY NATL CORP COM 178566105 247 2,769 SH   SOLE   2,769 0 0
CLECO CORP NEW COM 12561W105 300 5,500 SH   SOLE   5,500 0 0
CLIFTON BANCORP INC COM 186873105 71 5,000 SH   SOLE   5,000 0 0
COCA COLA CO COM 191216100 0 8 SH   SOLE   8 0 0
COWEN GROUP INC NEW CL A 223622101 8 1,497 SH   SOLE   1,497 0 0
DIRECTV COM 25490A309 170 2,000 SH Put SOLE   0 0 0
DIRECTV COM 25490A309 170 2,000 SH   SOLE   2,000 0 0
DRESSER-RAND GROUP INC COM 261608103 281 3,500 SH Put SOLE   0 0 0
DRESSER-RAND GROUP INC COM 261608103 209 2,600 SH   SOLE   2,600 0 0
EXELIS INC COM 30162A108 244 10,000 SH   SOLE   10,000 0 0
EXELON CORP COM 30161N101 1,593 47,400 SH Put SOLE   0 0 0
EXELON CORP COM 30161N101 2,427 72,200 SH Call SOLE   0 0 0
FAMILY DLR STORES INC COM 307000109 396 5,000 SH   SOLE   5,000 0 0
FREESCALE SEMICONDUCTOR LTD SHS G3727Q101 46 1,136 SH   SOLE   1,136 0 0
GILEAD SCIENCES INC COM 375558103 3,129 31,889 SH   SOLE   31,889 0 0
GILEAD SCIENCES INC COM 375558103 8,272 84,300 SH Put SOLE   0 0 0
GILEAD SCIENCES INC COM 375558103 4,936 50,300 SH Call SOLE   0 0 0
GULF COAST ULTRA DEEP RTY TR ROYALTY TR UNT 40222T104 443 622,419 SH   SOLE   622,419 0 0
HATTERAS FINL CORP COM 41902R103 54 3,000 SH   SOLE   3,000 0 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 293 9,117 SH   SOLE   9,117 0 0
HOSPIRA INC COM 441060100 97 1,100 SH   SOLE   1,100 0 0
HUDSON CITY BANCORP COM 443683107 210 20,000 SH   SOLE   20,000 0 0
HUDSON VALLEY HOLDING CORP COM 444172100 51 2,000 SH   SOLE   2,000 0 0
HUNTINGTON BANCSHARES INC COM 446150104 24 2,196 SH   SOLE   2,196 0 0
INTEGRYS ENERGY GROUP INC COM 45822P105 216 3,000 SH   SOLE   3,000 0 0
INUVO INC COM NEW 46122W204 31 15,124 SH   SOLE   15,124 0 0
INVESCO MORTGAGE CAPITAL INC COM 46131B100 54 3,500 SH   SOLE   3,500 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 207 13,000 SH   SOLE   13,000 0 0
ITERIS INC COM 46564T107 5 2,708 SH   SOLE   2,708 0 0
KANDI TECHNOLOGIES GROUP INC COM 483709101 31 2,500 SH Call SOLE   0 0 0
KRAFT FOODS GROUP INC COM 50076Q106 61 700 SH   SOLE   700 0 0
KRAFT FOODS GROUP INC COM 50076Q106 61 700 SH Put SOLE   0 0 0
LIFE TIME FITNESS INC COM 53217R207 248 3,500 SH   SOLE   3,500 0 0
LORILLARD INC COM 544147101 131 2,000 SH   SOLE   2,000 0 0
LORILLARD INC COM 544147101 131 2,000 SH Put SOLE   0 0 0
MAVENIR SYS INC COM 577675101 71 4,000 SH   SOLE   4,000 0 0
MEADOWBROOK INS GROUP INC COM 58319P108 51 6,000 SH Put SOLE   0 0 0
MEADOWBROOK INS GROUP INC COM 58319P108 196 23,000 SH   SOLE   23,000 0 0
MEADWESTVACO CORP COM 583334107 199 4,000 SH   SOLE   4,000 0 0
MONTPELIER RE HOLDINGS LTD SHS G62185106 77 2,000 SH   SOLE   2,000 0 0
NET 1 UEPS TECHNOLOGIES INC COM NEW 64107N206 109 8,000 SH   SOLE   8,000 0 0
NEWLINK GENETICS CORP COM 651511107 465 8,500 SH Put SOLE   0 0 0
NEWLINK GENETICS CORP COM 651511107 356 6,500 SH Call SOLE   0 0 0
NEWLINK GENETICS CORP COM 651511107 55 1,000 SH   SOLE   1,000 0 0
NORTH ATLANTIC DRILLING LTD COM G6613P202 28 24,000 SH   SOLE   24,000 0 0
NORTH ATLANTIC DRILLING LTD COM G6613P202 6 5,000 SH Call SOLE   0 0 0
NUMEREX CORP PA CL A 67053A102 2 200 SH   SOLE   200 0 0
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 95 10,000 SH   SOLE   10,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,314 18,000 SH Put SOLE   0 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 548 7,500 SH   SOLE   7,500 0 0
OFFICE DEPOT INC COM 676220106 23 2,500 SH Put SOLE   0 0 0
PEPCO HOLDINGS INC COM 713291102 295 11,000 SH   SOLE   11,000 0 0
PHARMACYCLICS INC COM 716933106 256 1,000 SH   SOLE   1,000 0 0
POLYPORE INTL INC COM 73179V103 236 4,000 SH   SOLE   4,000 0 0
PROCERA NETWORKS INC COM NEW 74269U203 23 2,400 SH   SOLE   2,400 0 0
PROCTER & GAMBLE CO COM 742718109 860 10,500 SH Call SOLE   0 0 0
PROCTER & GAMBLE CO COM 742718109 129 1,577 SH   SOLE   1,577 0 0
PROCTER & GAMBLE CO COM 742718109 672 8,200 SH Put SOLE   0 0 0
PROSHARES TR ULTRA FNCLS NEW 74347X633 15 100 SH   SOLE   100 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 110 2,625 SH   SOLE   2,625 0 0
RADISYS CORP COM 750459109 4 2,000 SH   SOLE   2,000 0 0
RIVERBED TECHNOLOGY INC COM 768573107 272 13,000 SH   SOLE   13,000 0 0
RTI INTL METALS INC COM 74973W107 180 5,000 SH   SOLE   5,000 0 0
SALIX PHARMACEUTICALS INC COM 795435106 259 1,500 SH   SOLE   1,500 0 0
SALIX PHARMACEUTICALS INC COM 795435106 691 4,000 SH Put SOLE   0 0 0
SALIX PHARMACEUTICALS INC COM 795435106 173 1,000 SH Call SOLE   0 0 0
SFX ENTMT INC COM 784178303 25 6,000 SH   SOLE   6,000 0 0
SIGMA ALDRICH CORP COM 826552101 1,244 9,000 SH   SOLE   9,000 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 1,180 73,026 SH   SOLE   73,026 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 8 40 SH   SOLE   40 0 0
SUSQUEHANNA BANCSHARES INC P COM 869099101 206 15,000 SH   SOLE   15,000 0 0
TALISMAN ENERGY INC COM 87425E103 230 30,000 SH   SOLE   30,000 0 0
TIME WARNER CABLE INC COM 88732J207 225 1,500 SH   SOLE   1,500 0 0
TIME WARNER CABLE INC COM 88732J207 225 1,500 SH Put SOLE   0 0 0
TRANSOCEAN LTD REG SHS H8817H100 66 4,500 SH Call SOLE   0 0 0
TRANSOCEAN LTD REG SHS H8817H100 59 4,000 SH Put SOLE   0 0 0
TRANSOCEAN LTD REG SHS H8817H100 65 4,400 SH   SOLE   4,400 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 262 2,500 SH   SOLE   2,500 0 0
TWO HBRS INVT CORP COM 90187B101 106 10,000 SH   SOLE   10,000 0 0
UIL HLDG CORP COM 902748102 51 1,000 SH   SOLE   1,000 0 0
UNION PAC CORP COM 907818108 13,777 127,200 SH Put SOLE   0 0 0
UNION PAC CORP COM 907818108 2,935 27,100 SH Call SOLE   0 0 0
UNION PAC CORP COM 907818108 4,825 44,544 SH   SOLE   44,544 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 84 5,000 SH   SOLE   5,000 0 0
UNITED STATES OIL FUND LP UNITS 91232N108 84 5,000 SH Put SOLE   0 0 0
UNIVERSAL TECHNICAL INST INC COM 913915104 10 1,000 SH   SOLE   1,000 0 0
UNWIRED PLANET INC NEW COM 91531F103 2 4,000 SH   SOLE   4,000 0 0
VANTAGE DRILLING COMPANY ORD SHS G93205113 2 6,000 SH   SOLE   6,000 0 0
VENAXIS INC COM 92262A107 0 250 SH   SOLE   250 0 0
WAL-MART STORES INC COM 931142103 173 2,100 SH Call SOLE   0 0 0
WAL-MART STORES INC COM 931142103 132 1,600 SH   SOLE   1,600 0 0
WAL-MART STORES INC COM 931142103 247 3,000 SH Put SOLE   0 0 0
WHIRLPOOL CORP COM 963320106 676 3,347 SH   SOLE   3,347 0 0
WHIRLPOOL CORP COM 963320106 4,445 22,000 SH Put SOLE   0 0 0
WHIRLPOOL CORP COM 963320106 404 2,000 SH Call SOLE   0 0 0
XENCOR INC COM 98401F105 1,961 128,018 SH   SOLE   128,018 0 0
YRC WORLDWIDE INC COM PAR $.01 984249607 1 53 SH   SOLE   53 0 0