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
ABM INDS INC COM 000957100 239 6,333 SH   SOLE   6,333 0 0
ACCURAY INC COM 004397105 458 106,442 SH   SOLE   106,442 0 0
ALPHABET INC CAP STK CL A 02079K305 46,025 43,692 SH   SOLE   43,692 0 0
ALPHABET INC CAP STK CL A 02079K305 527 500 SH Call SOLE   500 0 0
AMAZON COM INC COM 023135106 1,053 900 SH Call SOLE   900 0 0
APPLE INC COM 037833100 1,016 6,000 SH Call SOLE   6,000 0 0
APTARGROUP INC COM 038336103 235 2,720 SH   SOLE   2,720 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06746L422 10,428 373,500 SH Put SOLE   373,500 0 0
BLACK HILLS CORP COM 092113109 786 13,075 SH   SOLE   13,075 0 0
CINCINNATI FINL CORP COM 172062101 201 2,676 SH   SOLE   2,676 0 0
COMMUNITY BK SYS INC COM 203607106 432 8,030 SH   SOLE   8,030 0 0
DISNEY WALT CO COM DISNEY 254687106 216 2,000 SH Call SOLE   2,000 0 0
EXONE CO COM 302104104 420 50,000 SH   SOLE   50,000 0 0
FACEBOOK INC CL A 30303M102 1,499 8,500 SH Call SOLE   8,500 0 0
FULLER H B CO COM 359694106 377 6,990 SH   SOLE   6,990 0 0
GILEAD SCIENCES INC COM 375558103 1,217 17,000 SH Call SOLE   17,000 0 0
INTEL CORP COM 458140100 231 5,000 SH Call SOLE   5,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,687 11,000 SH Call SOLE   11,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 102,713 673,700 SH Call SOLE   673,700 0 0
LEGGETT & PLATT INC COM 524660107 245 5,140 SH   SOLE   5,140 0 0
LINCOLN ELEC HLDGS INC COM 533900106 305 3,326 SH   SOLE   3,326 0 0
MCCORMICK & CO INC COM NON VTG 579780206 232 2,281 SH   SOLE   2,281 0 0
MDU RES GROUP INC COM 552690109 523 19,443 SH   SOLE   19,443 0 0
MERCURY GENL CORP NEW COM 589400100 629 11,771 SH   SOLE   11,771 0 0
MEREDITH CORP COM 589433101 325 4,920 SH   SOLE   4,920 0 0
NEW JERSEY RES COM 646025106 548 13,630 SH   SOLE   13,630 0 0
OLD REP INTL CORP COM 680223104 837 39,161 SH   SOLE   39,161 0 0
RLI CORP COM 749607107 244 4,021 SH   SOLE   4,021 0 0
RPM INTL INC COM 749685103 228 4,354 SH   SOLE   4,354 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 6,405 24,000 SH Put SOLE   24,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 788,613 2,955,157 SH   SOLE   2,955,157 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 210,152 787,500 SH Call SOLE   787,500 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829 453 16,297 SH   SOLE   16,297 0 0
VANGUARD WORLD FDS UTILITIES ETF 92204A876 411 3,528 SH   SOLE   3,528 0 0
VECTREN CORP COM 92240G101 412 6,343 SH   SOLE   6,343 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 371 7,000 SH Call SOLE   7,000 0 0
VERSUM MATLS INC COM 92532W103 367 9,701 SH   SOLE   9,701 0 0
WGL HLDGS INC COM 92924F106 319 3,712 SH   SOLE   3,712 0 0
WILEY JOHN & SONS INC CL A 968223206 285 4,339 SH   SOLE   4,339 0 0