Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	3,808,600	$640M	49.0%	$160.42	—	Put	78462F103
SPY	SPDR S&P 500 ETF TR	1,646,500	$277M	21.2%	$160.42	—	Call	78462F103
AAPL	APPLE INC	141,300	$74.87M	5.7%	$14.28	0.0%	Put	037833100
SHV	ISHARES	382,666	$42.18M	3.2%	$110.23	—	SHRT TRS BD ETF	464288679
EEM	ISHARES	893,900	$36.44M	2.8%	$43.00	—	Put	464287234
—	RMG NETWORKS HLDG CORP	2,354,650	$18.79M	1.4%	$7.98	—	COM	74966K102
AAPL	APPLE INC	24,700	$13.09M	1.0%	$14.28	0.0%	Call	037833100
—	BARCLAYS BK PLC	1,006,237	$12.99M	1.0%	$14.91	—	IPATH S&P500 VIX	06740C188
IYC	ISHARES	68,125	$7.851M	0.6%	$115.24	—	U.S. CNSM SV ETF	464287580
AAPL	APPLE INC	14,408	$7.634M	0.6%	$14.28	0.0%	COM	037833100
IYH	ISHARES	59,013	$6.569M	0.5%	$111.31	—	US HLTHCARE ETF	464287762
EEM	ISHARES	154,900	$6.314M	0.5%	$43.00	—	Call	464287234
—	RYDEX ETF TRUST GUG	46,271	$5.701M	0.4%	$120.12	—	RUSS TOP 50	78355W205
IYJ	ISHARES	56,742	$5.378M	0.4%	$94.78	—	U.S. INDS ETF	464287754
TBT	PROSHARES TR	70,000	$5.269M	0.4%	$402.17	—	Put	74347B201
IWS	ISHARES	71,835	$4.59M	0.4%	$57.92	—	RUS MDCP VAL ETF	464287473
VHT	VANGUARD WORLD FDS	42,958	$4.171M	0.3%	$89.88	—	HEALTH CAR ETF	92204A504
VO	VANGUARD INDEX FDS	38,960	$4.147M	0.3%	$106.44	—	MID CAP ETF	922908629
—	DEUTSCHE BK AG LONDON BRH	110,783	$3.972M	0.3%	$35.85	—	PS CRD OIL ETN	25154K809
VUG	VANGUARD INDEX FDS	43,771	$3.875M	0.3%	$88.53	—	GROWTH ETF	922908736
EEM	ISHARES	89,797	$3.861M	0.3%	$43.00	—	MSCI EMG MKT ETF	464287234
VOT	VANGUARD INDEX FDS	43,738	$3.823M	0.3%	$85.86	—	MCAP GR IDXVIP	922908538
USMV	ISHARES	106,005	$3.699M	0.3%	$34.63	—	USA MIN VOL ETF	46429B697
VOE	VANGUARD INDEX FDS	47,359	$3.646M	0.3%	$76.99	—	MCAP VL IDXVIP	922908512
BLV	VANGUARD BD INDEX FD INC	41,492	$3.521M	0.3%	$84.86	—	LONG TERM BOND	921937793
—	WINDSTREAM HLDGS INC	399,000	$3.427M	0.3%	$8.59	—	COM	97382A101
—	CREDIT SUISSE NASSAU BRH	108,891	$3.163M	0.2%	$29.05	—	INVRS VIX STERM	22542D795
IGM	ISHARES	36,559	$3.033M	0.2%	$82.96	—	N AMER TECH ETF	464287549
IYG	ISHARES	38,682	$3.007M	0.2%	$71.53	—	U.S. FIN SVC ETF	464287770
IWM	ISHARES	28,000	$2.985M	0.2%	$137.64	—	Call	464287655
IWF	ISHARES	36,047	$2.949M	0.2%	$81.81	—	RUS 1000 GRW ETF	464287614
—	BROOKFIELD PPTY PARTNERS L P	133,811	$2.621M	0.2%	$20.16	—	UNIT LTD PARTN	G16249107
IJK	ISHARES	17,972	$2.585M	0.2%	$143.83	—	S&P MC 400GR ETF	464287606
—	PROSHARES TR II	21,026	$2.395M	0.2%	$113.91	—	SHT VIX ST TRM	74347W627
HYG	ISHARES	24,971	$2.338M	0.2%	$91.68	—	IBOXX HI YD ETF	464288513
—	ALTISOURCE RESIDENTIAL CORP	80,100	$2.189M	0.2%	$16.68	—	CL B	02153W100
—	SPDR SERIES TRUST	43,145	$1.976M	0.2%	$45.80	—	BRCLYS 1-3MT ETF	78464A680
IJJ	ISHARES	17,276	$1.955M	0.1%	$101.88	—	S&P MC 400VL ETF	464287705
VTV	VANGUARD INDEX FDS	26,603	$1.947M	0.1%	$73.19	—	VALUE ETF	922908744
GILD	GILEAD SCIENCES INC	28,000	$1.924M	0.1%	$41.52	0.0%	Call	375558103
SNY	SANOFI	34,027	$1.772M	0.1%	$52.08	—	SPONSORED ADR	80105N105
—	TWO HBRS INVT CORP	180,000	$1.746M	0.1%	$10.05	—	COM	90187B101
HDV	ISHARES	23,889	$1.665M	0.1%	$69.70	—	HIGH DIVIDND ETF	46429B663
—	VIVUS INC	169,000	$1.572M	0.1%	—	—	Call	928551100
ARCC	ARES CAP CORP	88,000	$1.549M	0.1%	$5.23	+2.7%	COM	04010L103
DVN	DEVON ENERGY CORP NEW	24,000	$1.537M	0.1%	$37.00	+3.0%	COM	25179M103
—	ZOGENIX INC	517,613	$1.496M	0.1%	$2.89	—	COM	98978L105
—	QR ENERGY LP	82,000	$1.492M	0.1%	$17.78	—	UNIT LTD PRTNS	74734R108
—	CHICAGO BRIDGE & IRON CO N V	20,000	$1.475M	0.1%	$59.66	—	Put	167250109
—	CHICAGO BRIDGE & IRON CO N V	20,000	$1.475M	0.1%	$59.66	—	COM	167250109
—	NATIONAL OILWELL VARCO INC	17,400	$1.443M	0.1%	$68.89	—	COM	637071101
VV	VANGUARD INDEX FDS	17,758	$1.438M	0.1%	$74.82	—	LARGE CAP ETF	922908637
IGIB	ISHARES	13,147	$1.431M	0.1%	$108.53	—	INTERM CR BD ETF	464288638
GILD	GILEAD SCIENCES INC	19,600	$1.347M	0.1%	$41.52	0.0%	COM	375558103
VDE	VANGUARD WORLD FDS	10,652	$1.329M	0.1%	$124.77	—	ENERGY ETF	92204A306
—	PIMCO ETF TR	15,553	$1.244M	0.1%	$79.21	—	3-7YR US TREAS	72201R601
SPTI	SPDR SERIES TRUST	19,133	$1.145M	0.1%	$59.69	—	BRCLYS INTER ETF	78464A672
VCR	VANGUARD WORLD FDS	11,040	$1.134M	0.1%	$91.14	—	CONSUM DIS ETF	92204A108
SOXL	DIREXION SHS ETF TR	20,271	$1.134M	0.1%	$47.56	—	DLY SCOND 3XBU	25459W458
—	DELL INC	80,500	$1.107M	0.1%	$13.32	—	Call	24702R101
AIVL	WISDOMTREE TR	15,123	$1.009M	0.1%	$64.29	—	DIV EX-FINL FD	97717W406
—	POWERSHARES ETF TR II	33,730	$965K	0.1%	$24.82	—	S&P500 HGH BET	73937B829
TYD	DIREXION SHS ETF TR	24,657	$957K	0.1%	$37.62	—	7 10YR TRES BULL	25459W565
MGC	VANGUARD WORLD FD	15,566	$938K	0.1%	$60.26	—	MEGA CAP INDEX	921910873
—	PROSHARES TR	60,524	$921K	0.1%	$19.96	—	PSHS ULTSHT INDL	74348A103
VGLT	VANGUARD SCOTTSDALE FDS	13,488	$916K	0.1%	$68.56	—	LONG-TERM GOV	92206C847
IWR	ISHARES	6,104	$882K	0.1%	$144.50	—	RUS MID-CAP ETF	464287499
—	REVENUESHARES ETF TR	18,625	$792K	0.1%	$42.52	—	S&P500 FINL FD	761396506
—	ANADARKO PETE CORP	8,400	$781K	0.1%	—	—	Call	032511107
—	POWERSHARES ETF TRUST	11,636	$743K	0.1%	$57.48	—	DYNAMIC OTC PT	73935X203
—	BARCLAYS BK PLC	57,100	$737K	0.1%	$14.91	—	Call	06740C188
DHT	DHT HOLDINGS INC	149,100	$735K	0.1%	$1.89	-2.5%	SHS	Y2065G121
—	ELAN PLC	45,000	$726K	0.1%	$14.13	—	ADR	284131208
ICF	ISHARES	8,787	$717K	0.1%	$80.61	—	COHEN&STEER REIT	464287564
IGSB	ISHARES	6,296	$664K	0.1%	$105.00	—	1-3 YR CR BD ETF	464288646
VNQ	VANGUARD INDEX FDS	10,000	$661K	0.1%	—	—	Call	922908553
USIG	ISHARES	5,895	$640K	0.0%	$108.57	—	CREDIT BD ETF	464288620
IWN	ISHARES	6,619	$637K	0.0%	$87.98	—	RUS 2000 VAL ETF	464287630
XHB	SPDR SERIES TRUST	20,503	$636K	0.0%	$29.43	—	S&P HOMEBUILD	78464A888
XHE	SPDR SERIES TRUST	8,644	$631K	0.0%	$63.77	—	HLTH CR EQUIP	78464A581
—	DIREXION SHS ETF TR	18,613	$619K	0.0%	$33.83	—	7-10YR TR BEAR	25459Y108
—	LINKEDIN CORP	2,500	$615K	0.0%	—	—	Put	53578A108
EMB	ISHARES	5,454	$609K	0.0%	$111.66	—	JP MOR EM MK ETF	464288281
MGV	VANGUARD WORLD FD	11,526	$607K	0.0%	$52.66	—	MEGA CAP VAL ETF	921910840
—	POWERSHARES ETF TRUST	21,574	$582K	0.0%	$26.98	—	DYNM LRG CP VL	73935X708
SCHO	SCHWAB STRATEGIC TR	11,304	$572K	0.0%	$50.50	—	SHT TM US TRES	808524862
IYR	ISHARES	8,390	$568K	0.0%	$66.44	—	U.S. REAL ES ETF	464287739
IJT	ISHARES	4,946	$564K	0.0%	$96.92	—	SP SMCP600GR ETF	464287887
KCE	SPDR SERIES TRUST	11,967	$545K	0.0%	$45.54	—	S&P CAP MKTS	78464A771
CBOE	CBOE HLDGS INC	10,781	$535K	0.0%	$33.33	+20.0%	COM	12503M108
BND	VANGUARD BD INDEX FD INC	6,334	$516K	0.0%	$80.87	—	TOTAL BND MRKT	921937835
UST	PROSHARES TR	9,663	$512K	0.0%	$52.99	—	ULTR 7-10 TREA	74347R180
—	EATON VANCE MUN BD FD	44,063	$501K	0.0%	$11.37	—	COM	27827X101
MBB	ISHARES	4,682	$499K	0.0%	$106.58	—	MBS ETF	464288588
NAT	NORDIC AMERICAN TANKERS LIMI	60,300	$497K	0.0%	$8.57	-2.6%	Call	G65773106
—	INVESCO MUN OPPORTUNITY TR	41,230	$482K	0.0%	$11.69	—	COM	46132C107
—	POWERSHARES ETF TRUST	23,611	$463K	0.0%	$19.61	—	S&P 500 HGH QLTY	73935X682
—	EATON VANCE NATL MUN OPPORT	23,130	$441K	0.0%	$19.07	—	COM	27829L105
—	REPROS THERAPEUTICS INC	15,700	$421K	0.0%	—	—	Call	76028H209
—	REPROS THERAPEUTICS INC	15,400	$413K	0.0%	—	—	Put	76028H209
QQEW	FIRST TR NAS100 EQ WEIGHTED	11,759	$405K	0.0%	$30.06	—	SHS	337344105
VGSH	VANGUARD SCOTTSDALE FDS	6,368	$388K	0.0%	$60.75	—	SHTRM GVT BD ETF	92206C102
GASS	STEALTHGAS INC	31,272	$375K	0.0%	$9.66	0.0%	SHS	Y81669106
SPTL	SPDR SERIES TRUST	5,901	$374K	0.0%	$64.23	—	BRCLYS LG TRS ETF	78464A664
OEF	ISHARES	4,603	$362K	0.0%	$78.64	—	S&P 100 ETF	464287101
CPRT	COPART INC	10,873	$355K	0.0%	$4.07	0.0%	COM	217204106
—	DIREXION SHS ETF TR	4,074	$343K	0.0%	$84.19	—	DLY ENRGY BULL3X	25459W888
GOVT	ISHARES	13,664	$337K	0.0%	$24.57	—	U.S. TRS BD ETF	46429B267
—	DIREXION SHS ETF TR	9,120	$322K	0.0%	$35.31	—	TL BD MKT BEAR	25459Y306
LQD	ISHARES	2,789	$322K	0.0%	$113.63	—	IBOXX INV CP ETF	464287242
—	NOVABAY PHARMACEUTICALS INC	190,000	$321K	0.0%	$1.69	—	COM	66987P102
GLD	SPDR GOLD TRUST	2,500	$320K	0.0%	—	—	Call	78463V107
TIP	ISHARES	2,775	$315K	0.0%	$113.51	—	TIPS BD ETF	464287176
TLH	ISHARES	2,473	$313K	0.0%	$126.57	—	10-20 YR TRS ETF	464288653
—	U S AIRWAYS GROUP INC	15,800	$300K	0.0%	$16.39	—	Call	90341W108
TBF	PROSHARES TR	9,511	$300K	0.0%	$31.35	—	SHRT 20+YR TRE	74347X849
—	BROADCOM CORP	10,750	$291K	0.0%	$27.07	—	CL A	111320107
—	ROCKWELL MED INC	26,000	$288K	0.0%	$11.08	—	COM	774374102
—	CLAYMORE EXCHANGE TRD FD TR	5,718	$287K	0.0%	$50.13	—	GUGG ENH SHT DUR	18383M654
—	CREDIT SUISSE AG NASSAU BRH	24,496	$277K	0.0%	$11.31	—	EXCHTRADE SHTERM	22539T613
—	PROSHARES TR	2,701	$269K	0.0%	$79.23	—	PSHS ULT1000 GRW	74347R537
IWX	ISHARES	6,996	$268K	0.0%	$38.31	—	RUS TP200 VL ETF	464289420
—	EATON VANCE MUN BD FD II	23,849	$263K	0.0%	$11.03	—	COM	27827K109
—	WI-LAN INC	30,000	$258K	0.0%	$6.85	—	COM	928972108
IYF	ISHARES	3,310	$255K	0.0%	$71.53	—	U.S. FINLS ETF	464287788
—	POWERSHARES ETF TRUST	5,220	$254K	0.0%	$42.27	—	DYN PHRMA PORT	73935X799
UGE	PROSHARES TR	3,292	$249K	0.0%	$64.41	—	PSHS CONSMRGOODS	74347R768
—	PROSHARES TR	3,311	$247K	0.0%	$61.49	—	UL RUS3000 ETF	74347X104
—	POWERSHARES ETF TRUST	5,779	$237K	0.0%	$41.01	—	DYNA BUYBK ACH	73935X286
—	POWERSHARES ETF TRUST	11,195	$237K	0.0%	$18.85	—	DYN BLDG CNSTR	73935X666
—	CHELSEA THERAPEUTICS INTL LT	80,012	$236K	0.0%	$2.95	—	COM	163428105
—	RYDEX ETF TRUST GUG	3,429	$234K	0.0%	$68.24	—	S&P500 EQ WT	78355W106
XLF	SELECT SECTOR SPDR TR	11,000	$229K	0.0%	$19.46	—	SBI INT-FINL	81369Y605
—	OCEAN RIG UDW INC	12,299	$229K	0.0%	$18.62	—	SHS	Y64354205
—	RED HAT INC	5,050	$220K	0.0%	$47.84	—	COM	756577102
—	POWERSHARES ETF TR II	4,174	$217K	0.0%	$51.99	—	S&P SMCP HC PO	73937B886
FAS	DIREXION SHS ETF TR	2,565	$202K	0.0%	$78.75	—	DLY FIN BULL NEW	25459Y694
—	NUVEEN SELECT TAX FREE INCM	14,943	$197K	0.0%	$13.18	—	SH BEN INT	67062F100
—	ON TRACK INNOVATION LTD	111,000	$194K	0.0%	$1.46	—	SHS	M8791A109
—	ISHARES	13,345	$167K	0.0%	$12.51	—	MRG RL ES CP ETF	464288539
—	NUVEEN DIV ADV MUNI FD 3	12,404	$159K	0.0%	$12.82	—	COM SH BEN INT	67070X101
—	NUVEEN DIVID ADVANTAGE MUN I	11,993	$154K	0.0%	$12.84	—	COM	67071L106
—	NUVEEN PREM INCOME MUN FD	12,044	$151K	0.0%	$12.54	—	COM	67062T100
—	NUVEEN PREM INCOME MUN FD 2	11,000	$141K	0.0%	$12.82	—	COM	67063W102
—	NUVEEN SELECT TAX FREE INCM	10,476	$136K	0.0%	$12.98	—	SH BEN INT	67063X100
—	NUVEEN DIV ADVANTAGE MUN FD	10,000	$132K	0.0%	$13.20	—	COM	67070F100
—	ACHILLION PHARMACEUTICALS IN	53,206	$129K	0.0%	$2.42	—	COM	00448Q201
—	AVEO PHARMACEUTICALS INC	59,822	$129K	0.0%	$2.16	—	COM	053588109
—	BLACKROCK MUNIYLD INVST QLTY	10,000	$125K	0.0%	$12.50	—	COM	09254T100
—	VENTRUS BIOSCIENCES INC	40,000	$117K	0.0%	$2.92	—	COM	922822101
—	RIGEL PHARMACEUTICALS INC	35,000	$114K	0.0%	$3.26	—	COM	766559603
—	ALEXZA PHARMACEUTICALS INC	20,000	$103K	0.0%	$5.15	—	COM	015384209
DGII	DIGI INTL INC	10,000	$100K	0.0%	$9.32	+4.8%	Call	253798102
—	AGENUS INC	39,660	$100K	0.0%	$2.52	—	COM	00847G705
—	VICAL INC	70,000	$98,000	0.0%	$1.40	—	COM	925602104
—	CHEMOCENTRYX INC	18,005	$92,000	0.0%	$5.11	—	COM	16383L106
—	KALOBIOS PHARMACEUTICALS INC	20,002	$85,000	0.0%	$4.25	—	COM	48344T100
—	ECHELON CORP	37,640	$84,000	0.0%	$92.94	—	COM	27874N105
CYTK	CYTOKINETICS INC	12,000	$78,000	0.0%	$10.73	0.0%	COM	23282W605
—	USA TECHNOLOGIES INC	41,250	$70,000	0.0%	$1.72	—	COM NO PAR	90328S500
—	ECHELON CORP	25,000	$56,000	0.0%	$92.94	—	Call	27874N105
—	DENDREON CORP	18,272	$51,000	0.0%	$2.79	—	COM	24823Q107
—	PROSENSA HLDG N V	12,000	$50,000	0.0%	$4.17	—	SHS	N71546100
—	IDENTIVE GROUP INC	71,000	$47,000	0.0%	$0.71	—	COM	45170X106
LTRX	LANTRONIX INC	32,500	$46,000	0.0%	$1.54	0.0%	COM	516548203
—	SEQUENOM INC	10,214	$25,000	0.0%	$2.45	—	COM	817337405