Orbitronix, LP Activity Q4 2010-Q4 2016

Q4 2016

			Value		Shares		↓ Weighting
XOP	New	SPDR S&P OIL & GAS EXP & PRcall	$9,000,000	–	200,000	–	16.60%	–
FXB	Buy	CURRENCYSHS BRIT POUND STERbrit pound ste	$7,817,000	+147.0%	65,000	+160.0%	14.42%	+120.2%
EWW	New	ISHARES MSCI MEXICO CAPPEDcall	$5,500,000	–	100,000	–	10.14%	–
GDX	New	VANECK VECTORS GOLD MINERS Ecall	$3,400,000	–	100,000	–	6.27%	–
XME	Buy	SPDR SERIES TRUSTs&p metals mng	$3,041,000	+897.0%	100,000	+769.6%	5.61%	+788.7%
EWI	New	ISHARES INCmsci itl etf new	$2,421,000	–	100,000	–	4.46%	–
PPLT	New	ETFS PLATINUM TRsh ben int	$1,218,000	–	14,100	–	2.25%	–
FXB	Sell	CURRENCYSHARES BRITISH POUNDcall	$1,001,000	-85.7%	7,700	-84.6%	1.85%	-87.3%
ANF	New	ABERCROMBIE AND FITCHcl a	$960,000	–	80,000	–	1.77%	–
DB	Sell	DEUTSCHE BANK AGnamen akt	$905,000	-37.2%	50,000	-54.5%	1.67%	-44.0%
XME	New	SPDR S&P METALS & MINING ETFcall	$549,000	–	19,600	–	1.01%	–
YUM	New	YUM! BRANDS INCput	$500,000	–	10,000	–	0.92%	–
COWTF	New	BARCLAYS BANK PLCetn djubslvstk37	$447,000	–	20,000	–	0.82%	–
GES	New	GUESS ORD (NYS)	$363,000	–	30,000	–	0.67%	–
ILMN	New	ILLUMINA INC	$269,000	–	2,100	–	0.50%	–
GSAT	Exit	GLOBALSTAR INCcall	$0	–	-20,000	–	-0.04%	–
BID	Exit	SOTHEBY'Sput	$0	–	-5,000	–	-0.21%	–
OEF	Exit	ISHARES S&P 100 ETFs&p 100 etf	$0	–	-4,500	–	-0.89%	–
XOP	Exit	SPDR S&P OIL & GAS EXP & PRput	$0	–	-19,900	–	-0.99%	–
NVDA	Exit	NVIDIA CORPput	$0	–	-10,000	–	-1.03%	–
MRK	Exit	MERCK & CO. INC.put	$0	–	-10,000	–	-1.18%	–
XOP	Exit	SPDR S&P OIL & GAS EXP & PRs&p oilgas exp	$0	–	-19,100	–	-1.52%	–
AMZN	Exit	AMAZON.COM INCcall	$0	–	-1,000	–	-1.78%	–
QCOM	Exit	QUALCOMM INCput	$0	–	-20,000	–	-1.90%	–
EPI	Exit	WISDOMTREE INDIA EARNINGSput	$0	–	-50,000	–	-2.07%	–
EPI	Exit	WISDOMTREE INDIA EARNINGSindia erngs fd	$0	–	-50,000	–	-2.24%	–
MCD	Exit	MCDONALD'S CORPcall	$0	–	-10,000	–	-2.59%	–
MS	Exit	MORGAN STANLEYput	$0	–	-100,000	–	-3.31%	–
EWZ	Exit	ISHARES MSCI BRAZIL CAPPED Emsci brz cap etf	$0	–	-50,000	–	-3.49%	–
GLD	Exit	SPDR GOLD SHARESput	$0	–	-30,000	–	-4.96%	–
IBM	Exit	INTL BUSINESS MACHINES CORPcall	$0	–	-15,000	–	-5.43%	–
EWI	Exit	ISHARES MSCI ITALY CAPPED ETmsci italcpd etf	$0	–	-300,000	–	-6.84%	–

Q3 2016

			Value		Shares		↓ Weighting
FXE	New	CURRENCYSHARES EURO TRUSTput	$6,156,000	–	68,400	–	12.74%	–
TLT	New	ISHARES 20+ YEAR TREASURY BOput	$5,750,000	–	50,000	–	11.90%	–
EWI	Buy	ISHARES MSCI ITALY CAPPED ETmsci italcpd etf	$3,306,000	+153.9%	300,000	+150.0%	6.84%	+287.3%
FXB	Buy	CURRENCYSHARES BRITISH POUNDbrit pound ste	$3,165,000	+386.2%	25,000	+400.0%	6.55%	+641.4%
IBM	New	INTL BUSINESS MACHINES CORPcall	$2,625,000	–	15,000	–	5.43%	–
EWZ	Sell	ISHARES MSCI BRAZIL CAPPED Emsci brz cap etf	$1,687,000	-45.1%	50,000	-51.0%	3.49%	-16.3%
XME	Buy	SPDR S&P METALS & MINING ETFput	$1,680,000	+60.3%	70,000	+33.6%	3.48%	+144.4%
DB	Sell	DEUTSCHE BANK AG-REGISTEREDnamen akt	$1,440,000	-12.6%	110,000	-8.3%	2.98%	+33.3%
EPI	Sell	WISDOMTREE INDIA EARNINGSindia erngs fd	$1,081,000	-30.7%	50,000	-35.3%	2.24%	+5.6%
EPI	New	WISDOMTREE INDIA EARNINGSput	$1,000,000	–	50,000	–	2.07%	–
XOP	Sell	SPDR S&P OIL & GAS EXP & PRs&p oilgas exp	$735,000	-85.9%	19,100	-87.2%	1.52%	-78.4%
MRK	New	MERCK & CO. INC.put	$570,000	–	10,000	–	1.18%	–
NVDA	New	NVIDIA CORPput	$500,000	–	10,000	–	1.03%	–
OEF	New	ISHARES S&P 100 ETFs&p 100 etf	$432,000	–	4,500	–	0.89%	–
VIAB	Sell	VIACOM INC-CLASS Bcl b	$381,000	-80.2%	10,000	-78.4%	0.79%	-69.8%
XME	Sell	SPDR S&P METALS & MINING ETFs&p metals mng	$305,000	-92.5%	11,500	-93.1%	0.63%	-88.6%
BID	New	SOTHEBY'Sput	$100,000	–	5,000	–	0.21%	–
GSAT	Sell	GLOBALSTAR INCcall	$20,000	-33.3%	20,000	-33.3%	0.04%	0.0%
RSX	Exit	VANECK VECTORS ETF TRput	$0	–	-11,400	–	-0.16%	–
SHLDQ	Exit	SEARS HLDGS CORPcall	$0	–	-10,000	–	-0.20%	–
SQ	Exit	SQUARE INCcall	$0	–	-10,000	–	-0.23%	–
FLR	Exit	FLUOR CORP NEW	$0	–	-4,300	–	-0.29%	–
S	Exit	SPRINT CORPput	$0	–	-100,000	–	-0.34%	–
ATVI	Exit	ACTIVISION BLIZZARD INCput	$0	–	-10,000	–	-0.49%	–
QCOM	Exit	QUALCOMMcall	$0	–	-10,000	–	-0.78%	–
GDX	Exit	VANECK VECTORS ETF TRcall	$0	–	-20,000	–	-0.79%	–
XLE	Exit	SELECT SECTOR SPDR TRcall	$0	–	-8,900	–	-0.91%	–
MOO	Exit	VANECK VECTORS ETF TRagribusiness etf	$0	–	-14,500	–	-0.94%	–
BP	Exit	BP PLCput	$0	–	-30,000	–	-0.98%	–
FLR	Exit	FLUOR CORP NEWput	$0	–	-20,000	–	-1.02%	–
BEN	Exit	FRANKLIN RES INCput	$0	–	-30,000	–	-1.02%	–
ATVI	Exit	ACTIVISION BLIZZARD INCcall	$0	–	-20,000	–	-1.22%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-100,000	–	-1.56%	–
PTR	Exit	PETROCHINA CO LTDsponsored adr	$0	–	-20,000	–	-1.84%	–
EA	Exit	ELECTRONIC ARTS INCcall	$0	–	-15,300	–	-1.87%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fcall	$0	–	-50,000	–	-2.31%	–
GDX	Exit	VANECK VECTORS ETF TRput	$0	–	-100,000	–	-2.41%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-100,000	–	-3.76%	–
EEM	Exit	ISHARES TRput	$0	–	-100,000	–	-4.48%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-100,000	–	-4.66%	–
RSX	Exit	VANECK VECTORS ETF TRrussia etf	$0	–	-212,400	–	-5.02%	–
PPLT	Exit	ETFS PLATINUM TRsh ben int	$0	–	-40,000	–	-5.37%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-242,589	–	-5.88%	–

Q2 2016

			Value		Shares		↓ Weighting
FXB	New	CURRENCYSHS BRIT POUND STERcall	$7,000,000	–	50,000	–	9.50%	–
XOP	New	SPDR SERIES TRUSTs&p oilgas exp	$5,197,000	–	149,300	–	7.05%	–
SLV	New	ISHARES SILVER TRUSTishares	$4,335,000	–	242,589	–	5.88%	–
XME	New	SPDR SERIES TRUSTs&p metals mng	$4,077,000	–	167,300	–	5.53%	–
PPLT	New	ETFS PLATINUM TRsh ben int	$3,957,000	–	40,000	–	5.37%	–
RSX	New	VANECK VECTORS ETF TRrussia etf	$3,700,000	–	212,400	–	5.02%	–
EEM	New	ISHARES TRmsci emg mkt etf	$3,436,000	–	100,000	–	4.66%	–
EEM	New	ISHARES TRput	$3,300,000	–	100,000	–	4.48%	–
EWZ	New	ISHARESmsci brz cap etf	$3,073,000	–	102,000	–	4.17%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$2,770,000	–	100,000	–	3.76%	–
GLD	New	SPDR GOLD SHARESput	$2,400,000	–	30,000	–	3.26%	–
VIAB	New	VIACOM INC NEWcl b	$1,924,000	–	46,400	–	2.61%	–
GDX	New	VANECK VECTORS ETF TRput	$1,775,000	–	100,000	–	2.41%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fcall	$1,700,000	–	50,000	–	2.31%	–
DB	New	DEUTSCHE BANK AGnamen akt	$1,648,000	–	120,000	–	2.24%	–
MS	New	MORGAN STANLEYput	$1,600,000	–	100,000	–	2.17%	–
EPI	New	WISDOMTREE TRindia erngs fd	$1,561,000	–	77,300	–	2.12%	–
EA	New	ELECTRONIC ARTS INCcall	$1,377,000	–	15,300	–	1.87%	–
PTR	New	PETROCHINA CO LTDsponsored adr	$1,358,000	–	20,000	–	1.84%	–
EWI	New	ISHARESmsci italcpd etf	$1,302,000	–	120,000	–	1.77%	–
MCD	New	MCDONALDS CORPcall	$1,300,000	–	10,000	–	1.76%	–
EWJ	New	ISHARESmsci japan etf	$1,150,000	–	100,000	–	1.56%	–
XME	New	SPDR SERIES TRUSTput	$1,048,000	–	52,400	–	1.42%	–
EWZ	New	ISHARESput	$1,000,000	–	50,000	–	1.36%	–
QCOM	New	QUALCOMMput	$920,000	–	20,000	–	1.25%	–
AMZN	New	AMAZON.COM INCput	$900,000	–	1,500	–	1.22%	–
ATVI	New	ACTIVISION BLIZZARD INCcall	$900,000	–	20,000	–	1.22%	–
AMZN	New	AMAZON.COM INCcall	$860,000	–	1,000	–	1.17%	–
QQQ	New	POWERSHARES QQQ TRUSTput	$800,000	–	10,000	–	1.08%	–
FLR	New	FLUOR CORP NEWput	$750,000	–	20,000	–	1.02%	–
BEN	New	FRANKLIN RES INCput	$750,000	–	30,000	–	1.02%	–
BP	New	BP PLCput	$720,000	–	30,000	–	0.98%	–
MOO	New	VANECK VECTORS ETF TRagribusiness etf	$696,000	–	14,500	–	0.94%	–
XLE	New	SELECT SECTOR SPDR TRcall	$668,000	–	8,900	–	0.91%	–
FXB	New	CURRENCYSHS BRIT POUND STERbrit pound ste	$651,000	–	5,000	–	0.88%	–
GDX	New	VANECK VECTORS ETF TRcall	$580,000	–	20,000	–	0.79%	–
QCOM	New	QUALCOMMcall	$575,000	–	10,000	–	0.78%	–
XOP	New	SPDR SERIES TRUSTput	$478,000	–	19,900	–	0.65%	–
ATVI	New	ACTIVISION BLIZZARD INCput	$360,000	–	10,000	–	0.49%	–
S	New	SPRINT CORPput	$250,000	–	100,000	–	0.34%	–
FLR	New	FLUOR CORP NEW	$212,000	–	4,300	–	0.29%	–
DB	New	DEUTSCHE BANK AGcall	$200,000	–	10,000	–	0.27%	–
SQ	New	SQUARE INCcall	$170,000	–	10,000	–	0.23%	–
SHLDQ	New	SEARS HLDGS CORPcall	$150,000	–	10,000	–	0.20%	–
RSX	New	VANECK VECTORS ETF TRput	$114,000	–	11,400	–	0.16%	–
GSAT	New	GLOBALSTAR INCcall	$30,000	–	30,000	–	0.04%	–

Q4 2015

			Value		Shares		↓ Weighting
AMD	Exit	ADVANCED MICRO DEVICES INCput	$0	–	-27,400	–	-0.06%	–
NBY	Exit	NOVABAY PHARMACEUTICALS INC	$0	–	-361,000	–	-0.14%	–
ACHN	Exit	ACHILLION PHARMACEUTICALS INcall	$0	–	-10,000	–	-0.15%	–
EWI	Exit	ISHARESmsci italcpd etf	$0	–	-10,000	–	-0.20%	–
AVP	Exit	AVON PRODS INCput	$0	–	-40,000	–	-0.28%	–
GRPN	Exit	GROUPON INCput	$0	–	-42,200	–	-0.29%	–
JOY	Exit	JOY GLOBAL INC	$0	–	-15,000	–	-0.31%	–
RIG	Exit	TRANSOCEAN LTDcall	$0	–	-10,000	–	-0.32%	–
GLW	Exit	CORNING INC	$0	–	-25,000	–	-0.59%	–
RF	Exit	REGIONS FINL CORP NEW	$0	–	-50,000	–	-0.62%	–
XLE	Exit	ENERGY SELECT SECTOR SPDRcall	$0	–	-6,600	–	-0.71%	–
FLR	Exit	FLUOR CORP NEWcall	$0	–	-10,000	–	-0.82%	–
XLE	Exit	SELECT SECTOR SPDR TRput	$0	–	-10,000	–	-0.96%	–
TWTR	Exit	TWITTER INCput	$0	–	-30,000	–	-0.99%	–
ALLY	Exit	ALLY FINL INCput	$0	–	-40,000	–	-0.99%	–
SPY	Exit	SPDR S&P 500 ETF TRput	$0	–	-4,000	–	-1.02%	–
WW	Exit	WEIGHT WATCHERS INTL INC NEWcall	$0	–	-21,500	–	-1.11%	–
EWZ	Exit	ISHARESput	$0	–	-30,000	–	-1.15%	–
GDX	Exit	MARKET VECTORS ETF TRgold miner etf	$0	–	-64,600	–	-1.22%	–
AR	Exit	ANTERO RES CORPput	$0	–	-40,000	–	-1.24%	–
ALLY	Exit	ALLY FINL INCcall	$0	–	-40,000	–	-1.48%	–
EWZ	Exit	ISHARESmsci brz cap etf	$0	–	-50,000	–	-1.51%	–
AMZN	Exit	AMAZON COM INCcall	$0	–	-2,000	–	-1.56%	–
XME	Exit	SPDR SERIES TRUSTs&p metals mng	$0	–	-71,900	–	-1.65%	–
WFM	Exit	WHOLE FOODS MKT INCput	$0	–	-45,400	–	-2.06%	–
RSX	Exit	MARKET VECTORS ETF TRput	$0	–	-100,000	–	-2.06%	–
NKE	Exit	NIKE INCcall	$0	–	-10,000	–	-2.13%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-15,000	–	-2.20%	–
RSX	Exit	MARKET VECTORS ETF TRrussia etf	$0	–	-102,400	–	-2.21%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-50,000	–	-2.25%	–
ESV	Exit	ENSCO PLC	$0	–	-19,500	–	-2.35%	–
RSX	Exit	MARKET VECTORS ETF TRcall	$0	–	-50,000	–	-2.40%	–
C	Exit	CITIGROUP INC	$0	–	-40,000	–	-2.72%	–
LNG	Exit	CHENIERE ENERGY INCput	$0	–	-63,200	–	-2.86%	–
PTR	Exit	PETROCHINA CO LTDsponsored adr	$0	–	-30,100	–	-2.88%	–
EWC	Exit	ISHARESput	$0	–	-100,000	–	-3.02%	–
VWO	Exit	VANGUARD INTL EQUITY INDEXcall	$0	–	-50,000	–	-3.09%	–
WYNN	Exit	WYNN RESORTS LTDput	$0	–	-40,000	–	-3.16%	–
EWC	Exit	ISHARESmsci cda etf	$0	–	-100,000	–	-3.16%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-20,915	–	-4.16%	–
WFM	Exit	WHOLE FOODS MKT INCcall	$0	–	-64,600	–	-4.66%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-300,500	–	-5.72%	–
DIA	Exit	SPDR DOW JONES INDL AVRG ETFput	$0	–	-30,000	–	-6.26%	–
T	Exit	AT&T INCput	$0	–	-188,000	–	-6.88%	–
XLE	Exit	SELECT SECTOR SPDR TRsbi int-energy	$0	–	-85,300	–	-7.17%	–
TIP	Exit	ISHARES TRtips bd etf	$0	–	-47,900	–	-7.28%	–

Q3 2015

			Value		Shares		↓ Weighting
TIP	New	ISHARES TRtips bd etf	$5,302,000	–	47,900	–	7.28%	–
XLE	Sell	SELECT SECTOR SPDR TRsbi int-energy	$5,220,000	-30.5%	85,300	-14.7%	7.17%	-31.0%
T	Buy	AT&T INCput	$5,013,000	+67.1%	188,000	+88.0%	6.88%	+66.1%
DIA	Buy	SPDR DOW JONES INDL AVRG ETFput	$4,560,000	+1069.2%	30,000	+1400.0%	6.26%	+1061.4%
SLV	Buy	ISHARES SILVER TRUSTishares	$4,167,000	+38.6%	300,500	+50.2%	5.72%	+37.8%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$3,032,000	-39.7%	20,915	-32.3%	4.16%	-40.1%
EWC	New	ISHARESmsci cda etf	$2,300,000	–	100,000	–	3.16%	–
WYNN	Buy	WYNN RESORTS LTDput	$2,300,000	+361.8%	40,000	+700.0%	3.16%	+358.9%
EWC	New	ISHARESput	$2,200,000	–	100,000	–	3.02%	–
PTR	New	PETROCHINA CO LTDsponsored adr	$2,097,000	–	30,100	–	2.88%	–
LNG	New	CHENIERE ENERGY INCput	$2,087,000	–	63,200	–	2.86%	–
C	New	CITIGROUP INC	$1,984,000	–	40,000	–	2.72%	–
ESV	Sell	ENSCO PLC	$1,713,000	+284.9%	19,500	-2.5%	2.35%	+282.3%
EEM	New	ISHARES TRmsci emg mkt etf	$1,639,000	–	50,000	–	2.25%	–
RSX	New	MARKET VECTORS ETF TRrussia etf	$1,607,000	–	102,400	–	2.21%	–
GLD	New	SPDR GOLD TRUST	$1,602,000	–	15,000	–	2.20%	–
NKE	New	NIKE INCcall	$1,550,000	–	10,000	–	2.13%	–
RSX	New	MARKET VECTORS ETF TRput	$1,500,000	–	100,000	–	2.06%	–
WFM	New	WHOLE FOODS MKT INCput	$1,498,000	–	45,400	–	2.06%	–
XME	Buy	SPDR SERIES TRUSTs&p metals mng	$1,202,000	+47.1%	71,900	+114.0%	1.65%	+46.3%
AMZN	New	AMAZON COM INCcall	$1,140,000	–	2,000	–	1.56%	–
EWZ	Sell	ISHARESmsci brz cap etf	$1,097,000	-77.7%	50,000	-66.7%	1.51%	-77.8%
AR	New	ANTERO RES CORPput	$900,000	–	40,000	–	1.24%	–
GDX	Sell	MARKET VECTORS ETF TRgold miner etf	$887,000	-66.7%	64,600	-56.9%	1.22%	-66.9%
EWZ	New	ISHARESput	$840,000	–	30,000	–	1.15%	–
TWTR	New	TWITTER INCput	$720,000	–	30,000	–	0.99%	–
XLE	Sell	SELECT SECTOR SPDR TRput	$700,000	-20.7%	10,000	-17.4%	0.96%	-21.2%
XLE	New	ENERGY SELECT SECTOR SPDRcall	$514,000	–	6,600	–	0.71%	–
RF	New	REGIONS FINL CORP NEW	$450,000	–	50,000	–	0.62%	–
GLW	New	CORNING INC	$428,000	–	25,000	–	0.59%	–
JOY	New	JOY GLOBAL INC	$223,000	–	15,000	–	0.31%	–
AVP	New	AVON PRODS INCput	$200,000	–	40,000	–	0.28%	–
EWI	New	ISHARESmsci italcpd etf	$143,000	–	10,000	–	0.20%	–
NBY	Buy	NOVABAY PHARMACEUTICALS INC	$101,000	-18.5%	361,000	+80.7%	0.14%	-18.7%
AMD	New	ADVANCED MICRO DEVICES INCput	$41,000	–	27,400	–	0.06%	–
OCN	Exit	OCWEN FINL CORPput	$0	–	-20,000	–	-0.14%	–
SIRI	Exit	SIRIUS XM HLDGS INCput	$0	–	-49,700	–	-0.24%	–
	Exit	AVON PRODS INCput	$0	–	-40,000	–	-0.28%	–
ANN	Exit	ANN INCput	$0	–	-10,000	–	-0.30%	–
S	Exit	SPRINT CORP	$0	–	-50,000	–	-0.32%	–
NTAP	Exit	NETAPP INC	$0	–	-10,300	–	-0.45%	–
ESV	Exit	ENSCO PLCput	$0	–	-20,000	–	-0.55%	–
S	Exit	SPRINT CORPput	$0	–	-100,000	–	-0.55%	–
GLW	Exit	CORNING INCput	$0	–	-20,000	–	-0.55%	–
RF	Exit	REGIONS FINL CORP NEWput	$0	–	-50,000	–	-0.55%	–
ZION	Exit	ZIONS BANCORPORATIONput	$0	–	-20,000	–	-0.55%	–
ALLY	Exit	ALLY FINL INC	$0	–	-19,500	–	-0.60%	–
SIRI	Exit	SIRIUS XM HLDGS INCcall	$0	–	-100,000	–	-0.62%	–
WYNN	Exit	WYNN RESORTS LTD	$0	–	-5,000	–	-0.68%	–
FCX	Exit	FREEPORT-MCMORAN INCput	$0	–	-50,000	–	-0.69%	–
	Exit	ANADARKO PETE CORP	$0	–	-6,400	–	-0.69%	–
CPL	Exit	CPFL ENERGIA S Aput	$0	–	-50,000	–	-0.69%	–
SWKS	Exit	SKYWORKS SOLUTIONS INCput	$0	–	-5,000	–	-0.69%	–
INFY	Exit	INFOSYS LTDcall	$0	–	-27,600	–	-0.72%	–
HAS	Exit	HASBRO INCcall	$0	–	-7,500	–	-0.75%	–
KMI	Exit	KINDER MORGAN INC DELput	$0	–	-20,000	–	-0.76%	–
WYNN	Exit	WYNN RESORTS LTDcall	$0	–	-5,000	–	-0.76%	–
TESO	Exit	TESCO CORP	$0	–	-55,762	–	-0.84%	–
TASR	Exit	TASER INTL INCcall	$0	–	-15,000	–	-0.89%	–
F	Exit	FORD MTR CO DELput	$0	–	-50,000	–	-0.90%	–
AKRXQ	Exit	AKORN INCput	$0	–	-30,000	–	-0.93%	–
CPL	Exit	CPFL ENERGIA S A	$0	–	-61,916	–	-1.05%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-30,000	–	-1.14%	–
BAC	Exit	BANK AMER CORP	$0	–	-50,000	–	-1.18%	–
L	Exit	LOEWS CORPput	$0	–	-25,000	–	-1.28%	–
CAH	Exit	CARDINAL HEALTH INCcall	$0	–	-10,000	–	-1.31%	–
SU	Exit	SUNCOR ENERGY INC NEWput	$0	–	-40,000	–	-1.49%	–
SAN	Exit	BANCO SANTANDER SAcall	$0	–	-146,400	–	-1.62%	–
PPLT	Exit	ETFS PLATINUM TRsh ben int	$0	–	-11,500	–	-1.65%	–
MS	Exit	MORGAN STANLEYput	$0	–	-50,000	–	-2.28%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fput	$0	–	-50,000	–	-2.56%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-50,000	–	-3.32%	–
OIH	Exit	MARKET VECTORS ETF TRput	$0	–	-200,000	–	-8.56%	–

Q2 2015

			Value		Shares		↓ Weighting
XLE	New	SELECT SECTOR SPDR TRsbi int-energy	$7,516,000	–	100,000	–	10.38%	–
OIH	New	MARKET VECTORS ETF TRput	$6,200,000	–	200,000	–	8.56%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$5,029,000	–	30,915	–	6.94%	–
EWZ	New	ISHARESmsci brz cap etf	$4,916,000	–	150,000	–	6.79%	–
WFM	New	WHOLE FOODS MKT INCcall	$3,392,000	–	64,600	–	4.68%	–
SLV	New	ISHARES SILVER TRUSTishares	$3,006,000	–	200,000	–	4.15%	–
T	New	AT&T INCput	$3,000,000	–	100,000	–	4.14%	–
GDX	New	MARKET VECTORS ETF TRgold miner etf	$2,664,000	–	150,000	–	3.68%	–
IEMG	New	ISHARES INCcore msci emkt	$2,402,000	–	50,000	–	3.32%	–
VWO	New	VANGUARD INTL EQUITY INDEXcall	$2,250,000	–	50,000	–	3.11%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fput	$1,850,000	–	50,000	–	2.56%	–
RSX	New	MARKET VECTORS ETF TRcall	$1,750,000	–	50,000	–	2.42%	–
MS	New	MORGAN STANLEYput	$1,650,000	–	50,000	–	2.28%	–
PPLT	New	ETFS PLATINUM TRsh ben int	$1,198,000	–	11,500	–	1.65%	–
SAN	New	BANCO SANTANDER SAcall	$1,171,000	–	146,400	–	1.62%	–
SU	New	SUNCOR ENERGY INC NEWput	$1,080,000	–	40,000	–	1.49%	–
ALLY	New	ALLY FINL INCcall	$1,080,000	–	40,000	–	1.49%	–
CAH	New	CARDINAL HEALTH INCcall	$950,000	–	10,000	–	1.31%	–
L	New	LOEWS CORPput	$925,000	–	25,000	–	1.28%	–
XLE	New	SELECT SECTOR SPDR TRput	$883,000	–	12,100	–	1.22%	–
BAC	New	BANK AMER CORP	$851,000	–	50,000	–	1.18%	–
SU	New	SUNCOR ENERGY INC NEW	$826,000	–	30,000	–	1.14%	–
XME	New	SPDR SERIES TRUSTs&p metals mng	$817,000	–	33,600	–	1.13%	–
WW	New	WEIGHT WATCHERS INTL INC NEWcall	$806,000	–	21,500	–	1.11%	–
CPL	New	CPFL ENERGIA S A	$758,000	–	61,916	–	1.05%	–
SPY	New	SPDR S&P 500 ETF TRput	$744,000	–	4,000	–	1.03%	–
ALLY	New	ALLY FINL INCput	$720,000	–	40,000	–	0.99%	–
AKRXQ	New	AKORN INCput	$675,000	–	30,000	–	0.93%	–
F	New	FORD MTR CO DELput	$650,000	–	50,000	–	0.90%	–
TASR	New	TASER INTL INCcall	$645,000	–	15,000	–	0.89%	–
TESO	New	TESCO CORP	$608,000	–	55,762	–	0.84%	–
FLR	New	FLUOR CORP NEWcall	$600,000	–	10,000	–	0.83%	–
WYNN	New	WYNN RESORTS LTDcall	$550,000	–	5,000	–	0.76%	–
KMI	New	KINDER MORGAN INC DELput	$550,000	–	20,000	–	0.76%	–
HAS	New	HASBRO INCcall	$544,000	–	7,500	–	0.75%	–
INFY	New	INFOSYS LTDcall	$518,000	–	27,600	–	0.72%	–
SWKS	New	SKYWORKS SOLUTIONS INCput	$500,000	–	5,000	–	0.69%	–
	New	ANADARKO PETE CORP	$500,000	–	6,400	–	0.69%	–
CPL	New	CPFL ENERGIA S Aput	$500,000	–	50,000	–	0.69%	–
FCX	New	FREEPORT-MCMORAN INCput	$500,000	–	50,000	–	0.69%	–
WYNN	New	WYNN RESORTS LTDput	$498,000	–	5,000	–	0.69%	–
WYNN	New	WYNN RESORTS LTD	$493,000	–	5,000	–	0.68%	–
SIRI	New	SIRIUS XM HLDGS INCcall	$450,000	–	100,000	–	0.62%	–
ESV	New	ENSCO PLC	$445,000	–	20,000	–	0.62%	–
ALLY	New	ALLY FINL INC	$437,000	–	19,500	–	0.60%	–
ZION	New	ZIONS BANCORPORATIONput	$400,000	–	20,000	–	0.55%	–
S	New	SPRINT CORPput	$400,000	–	100,000	–	0.55%	–
ESV	New	ENSCO PLCput	$400,000	–	20,000	–	0.55%	–
GLW	New	CORNING INCput	$400,000	–	20,000	–	0.55%	–
RF	New	REGIONS FINL CORP NEWput	$400,000	–	50,000	–	0.55%	–
DIA	New	SPDR DOW JONES INDL AVRG ETFput	$390,000	–	2,000	–	0.54%	–
NTAP	New	NETAPP INC	$325,000	–	10,300	–	0.45%	–
RIG	New	TRANSOCEAN LTDcall	$230,000	–	10,000	–	0.32%	–
S	New	SPRINT CORP	$228,000	–	50,000	–	0.32%	–
ANN	New	ANN INCput	$220,000	–	10,000	–	0.30%	–
GRPN	New	GROUPON INCput	$211,000	–	42,200	–	0.29%	–
	New	AVON PRODS INCput	$200,000	–	40,000	–	0.28%	–
SIRI	New	SIRIUS XM HLDGS INCput	$174,000	–	49,700	–	0.24%	–
NBY	New	NOVABAY PHARMACEUTICALS INC	$124,000	–	199,800	–	0.17%	–
ACHN	New	ACHILLION PHARMACEUTICALS INcall	$110,000	–	10,000	–	0.15%	–
OCN	New	OCWEN FINL CORPput	$100,000	–	20,000	–	0.14%	–

Q4 2014

			Value		Shares		↓ Weighting
JOEZ	Exit	JOES JEANS ORD	$0	–	-20,000	–	-0.01%	–
WTSLQ	Exit	WET SEAL CL Acl a	$0	–	-40,000	–	-0.01%	–
HEROQ	Exit	HERCULES OFFSHORE	$0	–	-10,000	–	-0.01%	–
APPCQ	Exit	AMERICAN APPAREL	$0	–	-40,000	–	-0.02%	–
DVY	Exit	ISHARES SELECT DIVIDEND ETFput	$0	–	-800	–	-0.03%	–
LXRX	Exit	LEXICON PHARMACEUTICALS ORD	$0	–	-50,000	–	-0.04%	–
AVP	Exit	AVON PRODUCTS INCcall	$0	–	-4,500	–	-0.04%	–
AROPQ	Exit	AEROPOSTALE ORD	$0	–	-25,000	–	-0.05%	–
ZQKSQ	Exit	QUIKSILVER ORD	$0	–	-50,000	–	-0.05%	–
KOS	Exit	KOSMOS ENERGY ORD	$0	–	-10,000	–	-0.06%	–
WDC	Exit	WESTERN DIGITAL CORPput	$0	–	-1,000	–	-0.06%	–
BYD	Exit	BOYD GAMING	$0	–	-10,000	–	-0.06%	–
TAC	Exit	TRANSALTA	$0	–	-10,000	–	-0.06%	–
NPBC	Exit	NATL PENN BKSH STK	$0	–	-12,069	–	-0.07%	–
CLDPQ	Exit	CLOUD PEAK ENERGY	$0	–	-10,000	–	-0.07%	–
MNKD	Exit	MANNKIND CORPput	$0	–	-36,300	–	-0.07%	–
CPL	Exit	CPFL ENERGIAsponsored adr	$0	–	-10,000	–	-0.09%	–
MAR	Exit	MARRIOTT INTERNATIONALput	$0	–	-3,000	–	-0.10%	–
NBY	Exit	NOVABAY PHARMACEUTICALS ORD	$0	–	-200,000	–	-0.10%	–
EWI	Exit	ISHARES MSCI ITALY CAPPED ETput	$0	–	-10,000	–	-0.10%	–
CVC	Exit	CABLEVISION SYSTEMScl a ny cablvs	$0	–	-10,000	–	-0.10%	–
RGC	Exit	REGAL ENTERTAINMENT GROUPput	$0	–	-10,000	–	-0.10%	–
PCAR	Exit	PACCAR INCput	$0	–	-3,000	–	-0.10%	–
SCHN	Exit	SCHNITZER STEEL INDS INCput	$0	–	-10,000	–	-0.10%	–
FE	Exit	FIRSTENERGY CORPput	$0	–	-6,600	–	-0.11%	–
EWJ	Exit	ISHARES MSCI JAPAN INDEX ETFmsci japan	$0	–	-20,000	–	-0.14%	–
SPLS	Exit	STAPLES STK	$0	–	-19,405	–	-0.14%	–
RCII	Exit	RENT A CENTER STK	$0	–	-7,800	–	-0.14%	–
HAL	Exit	HALLIBURTON COput	$0	–	-3,500	–	-0.14%	–
MDC	Exit	MDC HOLDINGS ORD	$0	–	-10,000	–	-0.15%	–
UAA	Exit	UNDER ARMOUR INCput	$0	–	-3,900	–	-0.15%	–
RGC	Exit	REGAL ENTERTAINMENT GROUPcall	$0	–	-12,800	–	-0.15%	–
SCCO	Exit	SOUTHERN COPPER CORPput	$0	–	-10,000	–	-0.16%	–
X	Exit	UNITED STATES STEEL CORPput	$0	–	-11,200	–	-0.16%	–
ADBE	Exit	ADOBE SYSTEMS INCput	$0	–	-4,000	–	-0.16%	–
PTEN	Exit	PATTERSON-UTI ENERGY INCput	$0	–	-10,000	–	-0.18%	–
EWI	Exit	ISHARES MSCI ITALY INDEX ETFmsci italy	$0	–	-20,000	–	-0.18%	–
VIP	Exit	VIMPELCOM LTDput	$0	–	-45,000	–	-0.18%	–
GM	Exit	GENERAL MOTORS	$0	–	-10,000	–	-0.18%	–
SONY	Exit	SONY ADR REP 1 ORDadr new	$0	–	-18,000	–	-0.19%	–
NEBLQ	Exit	NOBLE ORD	$0	–	-15,000	–	-0.19%	–
NTAP	Exit	NETAPP INCput	$0	–	-10,000	–	-0.20%	–
EWW	Exit	ISHAR MSCI MXC INVSTB MKT IDX ETFmsci mex cap etf	$0	–	-5,000	–	-0.20%	–
NDLS	Exit	NOODLES & COput	$0	–	-20,000	–	-0.20%	–
IM	Exit	INGRAM MICRO INCcall	$0	–	-10,000	–	-0.20%	–
ULTA	Exit	ULTA SALON COSMETICS FRAGRANCE	$0	–	-3,000	–	-0.21%	–
UAA	Exit	UNDER ARMOUR INCcall	$0	–	-5,000	–	-0.22%	–
CLDPQ	Exit	CLOUD PEAK ENERGY INCput	$0	–	-30,000	–	-0.22%	–
KBR	Exit	KBR INCput	$0	–	-20,000	–	-0.22%	–
GNCIQ	Exit	GNC HOLDINGScl a	$0	–	-10,000	–	-0.22%	–
BP	Exit	BPsponsored adr	$0	–	-8,855	–	-0.23%	–
DIA	Exit	SPDR DJIA TRUSTput	$0	–	-2,000	–	-0.23%	–
IWM	Exit	ISHARES RUSSELL 2000 ETFput	$0	–	-3,900	–	-0.23%	–
SPLS	Exit	STAPLES INCput	$0	–	-50,000	–	-0.23%	–
AKRXQ	Exit	AKORN INCcall	$0	–	-10,000	–	-0.23%	–
NOC	Exit	NORTHROP GRUMMAN CORPcall	$0	–	-3,000	–	-0.24%	–
YHOO	Exit	YAHOO! INCput	$0	–	-20,000	–	-0.24%	–
UNH	Exit	UNITEDHEALTH GROUP INCput	$0	–	-5,000	–	-0.25%	–
UNH	Exit	UNITEDHEALTH GROUP INCcall	$0	–	-5,000	–	-0.25%	–
XME	Exit	SPDR S&P METALS & MINING ETFcall	$0	–	-10,300	–	-0.25%	–
AEO	Exit	AMERICAN EAGLE OUTFITTERSput	$0	–	-50,000	–	-0.26%	–
ZIXI	Exit	ZIX	$0	–	-133,500	–	-0.26%	–
ZBRA	Exit	ZEBRA TECHNOLOGIES CORPcall	$0	–	-5,000	–	-0.28%	–
TIF	Exit	TIFFANY & COcall	$0	–	-4,200	–	-0.28%	–
LOW	Exit	LOWE'S COS INCcall	$0	–	-10,000	–	-0.29%	–
HP	Exit	HELMERICH & PAYNEput	$0	–	-5,000	–	-0.29%	–
TGT	Exit	TARGET CORPput	$0	–	-10,000	–	-0.29%	–
AU	Exit	ANGLOGOLD ASHANTIput	$0	–	-50,000	–	-0.29%	–
CSCO	Exit	CISCO SYSTEMS	$0	–	-20,000	–	-0.29%	–
CCJ	Exit	CAMECO CORPput	$0	–	-31,300	–	-0.30%	–
AES	Exit	AES CORPput	$0	–	-40,000	–	-0.30%	–
SO	Exit	SOUTHERN ORD	$0	–	-12,200	–	-0.31%	–
JOY	Exit	JOY GLOBAL STK	$0	–	-10,000	–	-0.32%	–
JOY	Exit	JOY GLOBAL INCput	$0	–	-10,000	–	-0.32%	–
KBR	Exit	KBR ORD	$0	–	-30,000	–	-0.33%	–
APD	Exit	AIR PRODUCTS & CHEMICALS INCcall	$0	–	-3,600	–	-0.34%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRILLING	$0	–	-17,000	–	-0.34%	–
BHP	Exit	BHP BILLITON LTDsponsored adr	$0	–	-10,000	–	-0.34%	–
SCCO	Exit	SOUTHERN COPPER ORD	$0	–	-20,000	–	-0.34%	–
MT	Exit	ARCELORMITTALcall	$0	–	-40,000	–	-0.35%	–
OUTR	Exit	OUTERWALL INCput	$0	–	-12,100	–	-0.35%	–
IRM	Exit	IRON MOUNTAIN INCput	$0	–	-25,000	–	-0.36%	–
RIG	Exit	TRANSOCEAN	$0	–	-20,000	–	-0.37%	–
SLB	Exit	SCHLUMBERGER LTDcall	$0	–	-5,000	–	-0.38%	–
GLD	Exit	SPDR GOLD SHAREScall	$0	–	-5,000	–	-0.38%	–
ILMN	Exit	ILLUMINA INCcall	$0	–	-3,000	–	-0.38%	–
FE	Exit	FIRSTENERGY	$0	–	-20,000	–	-0.39%	–
BHP	Exit	BHP BILLITON LTDcall	$0	–	-10,000	–	-0.39%	–
GMCR	Exit	KEURIG GREEN MOUNTAIN INCcall	$0	–	-5,000	–	-0.39%	–
AMD	Exit	ADVANCED MICRO DEVICES ORD	$0	–	-200,000	–	-0.40%	–
AVP	Exit	AVON PRODUCTS INCput	$0	–	-70,000	–	-0.41%	–
AMD	Exit	ADVANCED MICRO DEVICESput	$0	–	-200,000	–	-0.41%	–
MT	Exit	ARCELORMITTALny registry sh	$0	–	-51,200	–	-0.41%	–
NTAP	Exit	NETAPP ORD	$0	–	-16,400	–	-0.41%	–
WFM	Exit	WHOLE FOODS MARKET INCput	$0	–	-20,000	–	-0.41%	–
AES	Exit	AES ORD	$0	–	-50,000	–	-0.41%	–
CMCSA	Exit	COMCAST CORPcall	$0	–	-12,400	–	-0.43%	–
ISRG	Exit	INTUITIVE SURGICAL INCput	$0	–	-2,000	–	-0.44%	–
KMI	Exit	KINDER MORGAN INCput	$0	–	-30,000	–	-0.45%	–
WW	Exit	WEIGHT WATCHERS INTL INCcall	$0	–	-21,500	–	-0.47%	–
RIG	Exit	TRANSOCEAN LTDput	$0	–	-20,000	–	-0.48%	–
UAL	Exit	UNITED CONTINENTAL HOLDINGScall	$0	–	-15,000	–	-0.48%	–
L	Exit	LOEWS ORD	$0	–	-20,000	–	-0.48%	–
EXC	Exit	EXELON CORPput	$0	–	-25,500	–	-0.49%	–
AVP	Exit	AVON PRODUCTS	$0	–	-67,200	–	-0.49%	–
BRCM	Exit	BROADCOM CORPput	$0	–	-40,000	–	-0.49%	–
DISH	Exit	DISH NETWORK CORPcall	$0	–	-10,000	–	-0.49%	–
JDSU	Exit	JDS UNIPHASE CORPput	$0	–	-80,000	–	-0.51%	–
NOV	Exit	NATIONAL OILWELL VARCO INCcall	$0	–	-10,000	–	-0.52%	–
EOG	Exit	EOG RESOURCES INCcall	$0	–	-7,500	–	-0.54%	–
CSCO	Exit	CISCO SYSTEMS INCput	$0	–	-50,000	–	-0.55%	–
MOS	Exit	MOSAIC CO/THEput	$0	–	-30,000	–	-0.55%	–
GLW	Exit	CORNING INCput	$0	–	-50,000	–	-0.58%	–
TWTR	Exit	TWITTER INCput	$0	–	-40,000	–	-0.58%	–
ED	Exit	CONSOLIDATED EDISON INCput	$0	–	-20,000	–	-0.58%	–
EXC	Exit	EXELON	$0	–	-30,000	–	-0.59%	–
POT	Exit	POTASH CORPATION OF SASKATCHEWAN ORD	$0	–	-30,000	–	-0.60%	–
SPLV	Exit	POWERSHARES S&P 500 LOW VOLAT ETFs&p 500 low vol	$0	–	-30,000	–	-0.61%	–
POT	Exit	POTASH CORP OF SASKATCHEWANput	$0	–	-30,000	–	-0.61%	–
JNJ	Exit	JOHNSON & JOHNSONcall	$0	–	-10,000	–	-0.61%	–
HON	Exit	HONEYWELL INTERNATIONAL INCcall	$0	–	-10,000	–	-0.62%	–
GDX	Exit	MARKET VECTORS GOLD MINERSput	$0	–	-46,600	–	-0.62%	–
DIS	Exit	WALT DISNEY CO/THEcall	$0	–	-12,100	–	-0.63%	–
SNDK	Exit	SANDISK CORPcall	$0	–	-10,000	–	-0.64%	–
GILD	Exit	GILEAD SCIENCES INCcall	$0	–	-10,000	–	-0.64%	–
LUV	Exit	SOUTHWEST AIRLINES COcall	$0	–	-30,000	–	-0.66%	–
WDC	Exit	WESTERN DIGITAL CORPcall	$0	–	-10,000	–	-0.67%	–
PTEN	Exit	PATTERSON-UTI ENERGY INCcall	$0	–	-29,000	–	-0.67%	–
GLD	Exit	SPDR GOLD SHARESput	$0	–	-10,000	–	-0.69%	–
VIP	Exit	VIMPELCOMsponsored adr	$0	–	-164,800	–	-0.69%	–
CCJ	Exit	CAMECO	$0	–	-71,100	–	-0.73%	–
BAC	Exit	BANK OF AMERICA CORPput	$0	–	-90,000	–	-0.75%	–
KMB	Exit	KIMBERLY-CLARK CORPcall	$0	–	-10,000	–	-0.76%	–
SWKS	Exit	SKYWORKS SOLUTIONS INCcall	$0	–	-20,000	–	-0.76%	–
KORS	Exit	MICHAEL KORS HOLDINGS LTDcall	$0	–	-10,000	–	-0.78%	–
USG	Exit	USG	$0	–	-50,000	–	-0.80%	–
AIG	Exit	AMERICAN INTERNATIONAL GROUPput	$0	–	-30,000	–	-0.87%	–
COH	Exit	COACH INCput	$0	–	-54,500	–	-0.92%	–
AIG	Exit	AMERICAN INTERNATIONAL GROUP	$0	–	-30,000	–	-0.94%	–
GDX	Exit	MARKET VECTORS GOLD MINERScall	$0	–	-70,000	–	-0.96%	–
IBM	Exit	INTL BUSINESS MACHINES CORPput	$0	–	-10,000	–	-0.99%	–
DIA	Exit	SPDR DOW JONES INDUSTRIAL AVRG ETFut ser 1	$0	–	-10,000	–	-0.99%	–
COP	Exit	CONOCOPHILLIPScall	$0	–	-20,000	–	-1.03%	–
XME	Exit	SPDR S&P METALS & MINING ETFput	$0	–	-50,000	–	-1.08%	–
WFM	Exit	WHOLE FOODS	$0	–	-50,000	–	-1.11%	–
FXI	Exit	ISHARES CHINA LARGE CAP ETFchina lg cap etf	$0	–	-50,000	–	-1.11%	–
GDX	Exit	MARKET VECTORS GOLD MINERS ETFgold miner etf	$0	–	-95,000	–	-1.18%	–
COH	Exit	COACH	$0	–	-60,000	–	-1.24%	–
CAT	Exit	CATERPILLAR INCcall	$0	–	-20,000	–	-1.45%	–
DVY	Exit	ISHARES DOW JONE SELECT DIV INDX ETFdj sel div inx	$0	–	-38,006	–	-1.63%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES	$0	–	-15,000	–	-1.65%	–
RSX	Exit	MARKET VECTORS RUSSIA ETFput	$0	–	-120,000	–	-1.68%	–
BAC	Exit	BANK OF AMERICA	$0	–	-170,000	–	-1.68%	–
GDXJ	Exit	MARKET VECTORS JR GOLD MINERput	$0	–	-100,000	–	-1.68%	–
EWG	Exit	ISHARES MSCI GERMANY INDEX ETFmsci germany	$0	–	-110,000	–	-1.77%	–
EWG	Exit	ISHARES MSCI GERMANY ETFput	$0	–	-115,200	–	-1.78%	–
TGT	Exit	TARGET	$0	–	-50,000	–	-1.82%	–
EEM	Exit	ISHARES MSCI EMERGING MKTS IDX ETFmsci emerg mkt	$0	–	-78,000	–	-1.88%	–
FXI	Exit	ISHARES CHINA LARGE-CAP ETFcall	$0	–	-93,000	–	-2.22%	–
GLW	Exit	CORNING	$0	–	-200,000	–	-2.25%	–
EWZ	Exit	ISHARES MSCI BRAZIL CAPPED Eput	$0	–	-87,700	–	-2.28%	–
PPLT	Exit	ETFS PHYSICAL PLATINUM SHARES ETFsh ben int	$0	–	-32,064	–	-2.35%	–
TLT	Exit	ISHARES BARCLAYS 20+ YR TREASURY ETF20+ yr tr bd etf	$0	–	-40,000	–	-2.70%	–
RSX	Exit	MARKET VECTORS RUSSIA ETFrussia etf	$0	–	-220,000	–	-2.86%	–
XME	Exit	SPDR S&P METALS & MINING ETFs&p metals mng	$0	–	-150,549	–	-3.22%	–
EWZ	Exit	ISHARES MSCI BRAZIL IX ETFmsci brazil	$0	–	-147,500	–	-3.72%	–
SPY	Exit	SPDR S&P 500 ETF TRUSTput	$0	–	-50,000	–	-4.33%	–

Q3 2014

			Value		Shares		↓ Weighting
SPY	Sell	SPDR S&P 500 ETF TRUSTput	$7,460,000	-32.1%	50,000	-28.6%	4.33%	-10.1%
EWZ	Buy	ISHARES MSCI BRAZIL IX ETFmsci brazil	$6,409,000	-2.7%	147,500	+7.0%	3.72%	+28.8%
XME	Sell	SPDR S&P METALS & MINING ETFs&p metals mng	$5,539,000	-18.1%	150,549	-5.9%	3.22%	+8.4%
RSX	Sell	MARKET VECTORS RUSSIA ETFrussia etf	$4,930,000	-47.4%	220,000	-38.2%	2.86%	-30.5%
TLT	Sell	ISHARES BARCLAYS 20+ YR TREASURY ETF20+ yr tr bd etf	$4,651,000	-54.5%	40,000	-55.6%	2.70%	-39.8%
PPLT	Buy	ETFS PHYSICAL PLATINUM SHARES ETFsh ben int	$4,049,000	-6.7%	32,064	+6.9%	2.35%	+23.5%
EWZ	Sell	ISHARES MSCI BRAZIL CAPPED Eput	$3,922,000	-6.6%	87,700	-12.3%	2.28%	+23.6%
GLW	Sell	CORNING	$3,868,000	-40.8%	200,000	-32.9%	2.25%	-21.8%
FXI	New	ISHARES CHINA LARGE-CAP ETFcall	$3,830,000	–	93,000	–	2.22%	–
EEM	Sell	ISHARES MSCI EMERGING MKTS IDX ETFmsci emerg mkt	$3,242,000	-77.3%	78,000	-76.4%	1.88%	-69.9%
TGT	Buy	TARGET	$3,134,000	+80.2%	50,000	+66.7%	1.82%	+138.4%
EWG	Buy	ISHARES MSCI GERMANY ETFput	$3,056,000	+570.2%	115,200	+657.9%	1.78%	+787.5%
EWG	New	ISHARES MSCI GERMANY INDEX ETFmsci germany	$3,047,000	–	110,000	–	1.77%	–
BAC	Buy	BANK OF AMERICA	$2,899,000	+88.6%	170,000	+70.0%	1.68%	+149.5%
RSX	Buy	MARKET VECTORS RUSSIA ETFput	$2,885,000	+11.0%	120,000	+20.0%	1.68%	+46.8%
IBM	Buy	INTERNATIONAL BUSINESS MACHINES	$2,847,000	+42.8%	15,000	+36.4%	1.65%	+88.8%
DVY	Sell	ISHARES DOW JONE SELECT DIV INDX ETFdj sel div inx	$2,807,000	-69.9%	38,006	-68.6%	1.63%	-60.1%
CAT	New	CATERPILLAR INCcall	$2,500,000	–	20,000	–	1.45%	–
COH	New	COACH	$2,137,000	–	60,000	–	1.24%	–
GDX	Sell	MARKET VECTORS GOLD MINERS ETFgold miner etf	$2,028,000	-21.8%	95,000	-3.2%	1.18%	+3.3%
FXI	Sell	ISHARES CHINA LARGE CAP ETFchina lg cap etf	$1,914,000	-83.5%	50,000	-84.0%	1.11%	-78.2%
WFM	Buy	WHOLE FOODS	$1,906,000	+393.8%	50,000	+400.0%	1.11%	+551.2%
XME	Sell	SPDR S&P METALS & MINING ETFput	$1,850,000	-9.9%	50,000	-9.9%	1.08%	+19.2%
COP	New	CONOCOPHILLIPScall	$1,775,000	–	20,000	–	1.03%	–
GDX	Buy	MARKET VECTORS GOLD MINERScall	$1,650,000	+37.5%	70,000	+40.0%	0.96%	+82.0%
AIG	Buy	AMERICAN INTERNATIONAL GROUP	$1,621,000	+48.4%	30,000	+50.0%	0.94%	+96.2%
COH	New	COACH INCput	$1,579,000	–	54,500	–	0.92%	–
AIG	Buy	AMERICAN INTERNATIONAL GROUPput	$1,500,000	+50.0%	30,000	+50.0%	0.87%	+98.4%
USG	New	USG	$1,375,000	–	50,000	–	0.80%	–
CCJ	New	CAMECO	$1,256,000	–	71,100	–	0.73%	–
VIP	Buy	VIMPELCOMsponsored adr	$1,190,000	+102.4%	164,800	+135.4%	0.69%	+167.8%
GLD	Sell	SPDR GOLD SHARESput	$1,180,000	-62.6%	10,000	-62.5%	0.69%	-50.4%
PTEN	New	PATTERSON-UTI ENERGY INCcall	$1,160,000	–	29,000	–	0.67%	–
WDC	New	WESTERN DIGITAL CORPcall	$1,150,000	–	10,000	–	0.67%	–
LUV	New	SOUTHWEST AIRLINES COcall	$1,140,000	–	30,000	–	0.66%	–
SNDK	New	SANDISK CORPcall	$1,100,000	–	10,000	–	0.64%	–
DIS	Buy	WALT DISNEY CO/THEcall	$1,089,000	+21.0%	12,100	+21.0%	0.63%	+60.3%
POT	Buy	POTASH CORP OF SASKATCHEWANput	$1,050,000	+183.8%	30,000	+200.0%	0.61%	+276.5%
JNJ	New	JOHNSON & JOHNSONcall	$1,050,000	–	10,000	–	0.61%	–
SPLV	Sell	POWERSHARES S&P 500 LOW VOLAT ETFs&p 500 low vol	$1,049,000	-41.1%	30,000	-40.0%	0.61%	-22.1%
GLW	Sell	CORNING INCput	$1,000,000	-60.8%	50,000	-63.1%	0.58%	-48.2%
ED	New	CONSOLIDATED EDISON INCput	$1,000,000	–	20,000	–	0.58%	–
NOV	New	NATIONAL OILWELL VARCO INCcall	$900,000	–	10,000	–	0.52%	–
JDSU	Buy	JDS UNIPHASE CORPput	$880,000	+57.1%	80,000	+60.0%	0.51%	+107.7%
EXC	Buy	EXELON CORPput	$847,000	+28.3%	25,500	+27.5%	0.49%	+69.7%
AVP	New	AVON PRODUCTS	$847,000	–	67,200	–	0.49%	–
L	New	LOEWS ORD	$833,000	–	20,000	–	0.48%	–
RIG	New	TRANSOCEAN LTDput	$820,000	–	20,000	–	0.48%	–
WW	New	WEIGHT WATCHERS INTL INCcall	$806,000	–	21,500	–	0.47%	–
KMI	New	KINDER MORGAN INCput	$775,000	–	30,000	–	0.45%	–
WFM	Buy	WHOLE FOODS MARKET INCput	$710,000	+102.9%	20,000	+100.0%	0.41%	+167.5%
NTAP	New	NETAPP ORD	$705,000	–	16,400	–	0.41%	–
MT	New	ARCELORMITTALny registry sh	$701,000	–	51,200	–	0.41%	–
AVP	New	AVON PRODUCTS INCput	$700,000	–	70,000	–	0.41%	–
BHP	New	BHP BILLITON LTDcall	$675,000	–	10,000	–	0.39%	–
FE	New	FIRSTENERGY	$671,000	–	20,000	–	0.39%	–
ILMN	Buy	ILLUMINA INCcall	$660,000	+10.0%	3,000	+20.0%	0.38%	+45.6%
RIG	Sell	TRANSOCEAN	$639,000	-52.7%	20,000	-33.3%	0.37%	-37.4%
OUTR	New	OUTERWALL INCput	$605,000	–	12,100	–	0.35%	–
MT	New	ARCELORMITTALcall	$600,000	–	40,000	–	0.35%	–
BHP	New	BHP BILLITON LTDsponsored adr	$589,000	–	10,000	–	0.34%	–
DOFSQ	Buy	DIAMOND OFFSHORE DRILLING	$583,000	+98.3%	17,000	+186.9%	0.34%	+162.8%
APD	New	AIR PRODUCTS & CHEMICALS INCcall	$576,000	–	3,600	–	0.34%	–
KBR	New	KBR ORD	$565,000	–	30,000	–	0.33%	–
JOY	Buy	JOY GLOBAL INCput	$550,000	+67.2%	10,000	+6.4%	0.32%	+122.2%
JOY	New	JOY GLOBAL STK	$545,000	–	10,000	–	0.32%	–
SO	New	SOUTHERN ORD	$533,000	–	12,200	–	0.31%	–
CCJ	Sell	CAMECO CORPput	$512,000	-43.1%	31,300	-37.4%	0.30%	-24.8%
CSCO	Sell	CISCO SYSTEMS	$503,000	-68.9%	20,000	-69.2%	0.29%	-58.8%
ZBRA	New	ZEBRA TECHNOLOGIES CORPcall	$475,000	–	5,000	–	0.28%	–
ZIXI	New	ZIX	$457,000	–	133,500	–	0.26%	–
AEO	New	AMERICAN EAGLE OUTFITTERSput	$450,000	–	50,000	–	0.26%	–
XME	New	SPDR S&P METALS & MINING ETFcall	$433,000	–	10,300	–	0.25%	–
UNH	New	UNITEDHEALTH GROUP INCput	$425,000	–	5,000	–	0.25%	–
NOC	New	NORTHROP GRUMMAN CORPcall	$405,000	–	3,000	–	0.24%	–
AKRXQ	New	AKORN INCcall	$400,000	–	10,000	–	0.23%	–
IWM	New	ISHARES RUSSELL 2000 ETFput	$394,000	–	3,900	–	0.23%	–
BP	Sell	BPsponsored adr	$389,000	-92.0%	8,855	-90.4%	0.23%	-89.4%
GNCIQ	New	GNC HOLDINGScl a	$387,000	–	10,000	–	0.22%	–
KBR	New	KBR INCput	$380,000	–	20,000	–	0.22%	–
CLDPQ	New	CLOUD PEAK ENERGY INCput	$375,000	–	30,000	–	0.22%	–
UAA	New	UNDER ARMOUR INCcall	$375,000	–	5,000	–	0.22%	–
ULTA	New	ULTA SALON COSMETICS FRAGRANCE	$355,000	–	3,000	–	0.21%	–
IM	New	INGRAM MICRO INCcall	$350,000	–	10,000	–	0.20%	–
NDLS	New	NOODLES & COput	$350,000	–	20,000	–	0.20%	–
EWW	New	ISHAR MSCI MXC INVSTB MKT IDX ETFmsci mex cap etf	$344,000	–	5,000	–	0.20%	–
NTAP	New	NETAPP INCput	$340,000	–	10,000	–	0.20%	–
NEBLQ	New	NOBLE ORD	$333,000	–	15,000	–	0.19%	–
SONY	Buy	SONY ADR REP 1 ORDadr new	$325,000	+93.5%	18,000	+80.0%	0.19%	+155.4%
GM	New	GENERAL MOTORS	$319,000	–	10,000	–	0.18%	–
EWI	Sell	ISHARES MSCI ITALY INDEX ETFmsci italy	$314,000	-80.5%	20,000	-78.4%	0.18%	-74.3%
PTEN	New	PATTERSON-UTI ENERGY INCput	$310,000	–	10,000	–	0.18%	–
ADBE	New	ADOBE SYSTEMS INCput	$280,000	–	4,000	–	0.16%	–
X	Sell	UNITED STATES STEEL CORPput	$276,000	-71.8%	11,200	-72.0%	0.16%	-62.8%
UAA	New	UNDER ARMOUR INCput	$254,000	–	3,900	–	0.15%	–
MDC	New	MDC HOLDINGS ORD	$253,000	–	10,000	–	0.15%	–
RCII	New	RENT A CENTER STK	$237,000	–	7,800	–	0.14%	–
SPLS	New	STAPLES STK	$235,000	–	19,405	–	0.14%	–
EWJ	Sell	ISHARES MSCI JAPAN INDEX ETFmsci japan	$235,000	-72.1%	20,000	-71.4%	0.14%	-63.0%
FE	Sell	FIRSTENERGY CORPput	$185,000	-67.0%	6,600	-67.0%	0.11%	-56.5%
PCAR	New	PACCAR INCput	$180,000	–	3,000	–	0.10%	–
RGC	New	REGAL ENTERTAINMENT GROUPput	$175,000	–	10,000	–	0.10%	–
CVC	Sell	CABLEVISION SYSTEMScl a ny cablvs	$175,000	-80.2%	10,000	-80.0%	0.10%	-73.7%
NBY	Buy	NOVABAY PHARMACEUTICALS ORD	$168,000	+41.2%	200,000	+33.3%	0.10%	+88.5%
MAR	New	MARRIOTT INTERNATIONALput	$165,000	–	3,000	–	0.10%	–
CPL	New	CPFL ENERGIAsponsored adr	$156,000	–	10,000	–	0.09%	–
CLDPQ	New	CLOUD PEAK ENERGY	$126,000	–	10,000	–	0.07%	–
NPBC	New	NATL PENN BKSH STK	$117,000	–	12,069	–	0.07%	–
TAC	New	TRANSALTA	$105,000	–	10,000	–	0.06%	–
BYD	New	BOYD GAMING	$102,000	–	10,000	–	0.06%	–
KOS	New	KOSMOS ENERGY ORD	$100,000	–	10,000	–	0.06%	–
WDC	New	WESTERN DIGITAL CORPput	$100,000	–	1,000	–	0.06%	–
ZQKSQ	New	QUIKSILVER ORD	$86,000	–	50,000	–	0.05%	–
AROPQ	Sell	AEROPOSTALE ORD	$82,000	-53.1%	25,000	-50.0%	0.05%	-37.7%
AVP	New	AVON PRODUCTS INCcall	$72,000	–	4,500	–	0.04%	–
LXRX	New	LEXICON PHARMACEUTICALS ORD	$71,000	–	50,000	–	0.04%	–
DVY	New	ISHARES SELECT DIVIDEND ETFput	$58,000	–	800	–	0.03%	–
APPCQ	New	AMERICAN APPAREL	$33,000	–	40,000	–	0.02%	–
HEROQ	New	HERCULES OFFSHORE	$22,000	–	10,000	–	0.01%	–
JOEZ	New	JOES JEANS ORD	$19,000	–	20,000	–	0.01%	–
CVC	Exit	CABLEVISION SYSTEMS-NY GRP-Acall	$0	–	-10,000	–	-0.07%	–
EWZ	Exit	ISHARES MSCI BRAZIL CAPPED Ecall	$0	–	-5,000	–	-0.09%	–
RSX	Exit	MARKET VECTORS RUSSIA ETFcall	$0	–	-9,900	–	-0.10%	–
SHLDQ	Exit	SEARS HOLDINGS CORPput	$0	–	-10,000	–	-0.11%	–
WAG	Exit	WALGREEN COput	$0	–	-4,900	–	-0.13%	–
ADT	Exit	ADT CORP/THEcall	$0	–	-8,000	–	-0.14%	–
OKE	Exit	ONEOK INCput	$0	–	-5,000	–	-0.14%	–
EWW	Exit	ISHARES MSCI MEXICO CAPPEDcall	$0	–	-5,000	–	-0.14%	–
DIS	Exit	WALT DISNEY CO/THEput	$0	–	-5,000	–	-0.15%	–
BA	Exit	BOEING CO/THEput	$0	–	-2,500	–	-0.15%	–
FIO	Exit	FUSION-IO INCput	$0	–	-50,000	–	-0.15%	–
OKE	Exit	ONEOK INCcall	$0	–	-5,000	–	-0.15%	–
EEM	Exit	ISHARES MSCI EMERGING MARKETcall	$0	–	-10,000	–	-0.16%	–
TGT	Exit	TARGET CORPcall	$0	–	-7,000	–	-0.17%	–
BTU	Exit	PEABODY ENERGY CORPput	$0	–	-25,000	–	-0.18%	–
SO	Exit	SOUTHERN CO/THEcall	$0	–	-10,000	–	-0.18%	–
WFT	Exit	WEATHERFORD INTERNATIONAL PLput	$0	–	-39,000	–	-0.19%	–
RCL	Exit	ROYAL CARIBBEAN CRUISES LTDcall	$0	–	-6,400	–	-0.20%	–
OCR	Exit	OMNICARE INCcall	$0	–	-7,000	–	-0.23%	–
SBUX	Exit	STARBUCKS CORPcall	$0	–	-7,000	–	-0.25%	–
CVC	Exit	CABLEVISION SYSTEMS-NY GRP-Aput	$0	–	-50,000	–	-0.33%	–
OEF	Exit	ISHARES S&P 100 ETFcall	$0	–	-9,300	–	-0.35%	–
HD	Exit	HOME DEPOT INCcall	$0	–	-10,000	–	-0.37%	–
IRM	Exit	IRON MOUNTAIN	$0	–	-24,000	–	-0.37%	–
DBA	Exit	POWERSHARES DB AGRICULTURE Fput	$0	–	-40,000	–	-0.40%	–
DAL	Exit	DELTA AIR LINES INCcall	$0	–	-20,000	–	-0.40%	–
TEVA	Exit	TEVA PHARMACEUTICALput	$0	–	-25,000	–	-0.41%	–
BA	Exit	BOEING CO/THEcall	$0	–	-6,000	–	-0.42%	–
BTU	Exit	PEABODY ENERGY	$0	–	-60,000	–	-0.43%	–
JDSU	Exit	JDS UNIPHASE	$0	–	-80,000	–	-0.44%	–
X	Exit	US STEEL	$0	–	-40,000	–	-0.46%	–
TSLA	Exit	TESLA MOTORS INCcall	$0	–	-4,000	–	-0.48%	–
JCI	Exit	JOHNSON CONTROLS INCcall	$0	–	-20,000	–	-0.53%	–
ISRG	Exit	INTUITIVE SURGCL	$0	–	-3,000	–	-0.54%	–
LB	Exit	L BRANDS INCcall	$0	–	-20,000	–	-0.62%	–
SPLV	Exit	POWERSHARES S&P 500 LOW VOLAcall	$0	–	-50,000	–	-0.70%	–
DOW	Exit	DOW CHEMICAL CO/THEcall	$0	–	-30,000	–	-0.79%	–
BP	Exit	BP PLCput	$0	–	-37,900	–	-0.80%	–
BRKB	Exit	BERKSHIRE HATHAWAY-BLK CEDEAput	$0	–	-20,000	–	-1.10%	–
BRKB	Exit	BERKSHIRE HATHWAYcl b	$0	–	-20,800	–	-1.16%	–
QQQ	Exit	POWERSHARES QQQ TRUST SERIESput	$0	–	-50,000	–	-1.32%	–
QQQ	Exit	POWERSHARES QQQ TRUST SERIEScall	$0	–	-50,000	–	-2.31%	–
EEM	Exit	ISHARES MSCI EMERGING MARKETput	$0	–	-170,000	–	-2.85%	–
TLT	Exit	ISHARES 20+ YEAR TREASURY BOput	$0	–	-70,000	–	-3.21%	–

Q2 2014

			Value		Shares		↓ Weighting
EEM	New	ISHARES MSCI EMERGING MKTS IDXmsci emerg mkt	$14,266,000	–	330,000	–	6.26%	–
FXI	New	ISHARES CHINA LARGE CAPchina lg cap etf	$11,594,000	–	313,000	–	5.09%	–
SPY	New	SPDR S&P 500 ETF TRUSTput	$10,980,000	–	70,000	–	4.82%	–
TLT	New	ISHARES BARCLAYS 20+ YR TREASURY20+ yr tr bd etf	$10,217,000	–	90,000	–	4.49%	–
RSX	New	MARKET VECTORS RUSSIArussia etf	$9,379,000	–	356,227	–	4.12%	–
DVY	New	ISHARES DOW JONE SELECT DIV INDXdj sel div inx	$9,315,000	–	121,000	–	4.09%	–
TLT	New	ISHARES 20+ YEAR TREASURY BOput	$7,300,000	–	70,000	–	3.21%	–
XME	New	SPDR S&P METALS & MININGs&p metals mng	$6,760,000	–	160,000	–	2.97%	–
EWZ	New	ISHARES MSCI BRAZIL IXmsci brazil	$6,584,000	–	137,800	–	2.89%	–
GLW	New	CORNING	$6,539,000	–	297,900	–	2.87%	–
EEM	New	ISHARES MSCI EMERGING MARKETput	$6,485,000	–	170,000	–	2.85%	–
QQQ	New	POWERSHARES QQQ TRUST SERIEScall	$5,250,000	–	50,000	–	2.31%	–
BP	New	BP PLCsponsored adr	$4,841,000	–	91,771	–	2.13%	–
PPLT	New	ETFS PHYSICAL PLATINUM SHARESsh ben int	$4,339,000	–	30,000	–	1.90%	–
EWZ	New	ISHARES MSCI BRAZIL CAPPED Eput	$4,200,000	–	100,000	–	1.84%	–
GLD	New	SPDR GOLD SHARESput	$3,151,000	–	26,700	–	1.38%	–
QQQ	New	POWERSHARES QQQ TRUST SERIESput	$3,000,000	–	50,000	–	1.32%	–
GDXJ	New	MARKET VECTORS JR GOLD MINERput	$2,900,000	–	100,000	–	1.27%	–
BRKB	New	BERKSHIRE HATHWAYcl b	$2,632,000	–	20,800	–	1.16%	–
RSX	New	MARKET VECTORS RUSSIA ETFput	$2,600,000	–	100,000	–	1.14%	–
GDX	New	MARKET VECTORS GOLD MINERSgold miner etf	$2,595,000	–	98,098	–	1.14%	–
GLW	New	CORNING INCput	$2,554,000	–	135,500	–	1.12%	–
BRKB	New	BERKSHIRE HATHAWAY-BLK CEDEAput	$2,500,000	–	20,000	–	1.10%	–
XME	New	SPDR S&P METALS & MINING ETFput	$2,054,000	–	55,500	–	0.90%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES	$1,994,000	–	11,000	–	0.88%	–
BP	New	BP PLCput	$1,819,000	–	37,900	–	0.80%	–
DOW	New	DOW CHEMICAL CO/THEcall	$1,800,000	–	30,000	–	0.79%	–
SPLV	New	POWERSHARES S&P 500 LOW VOLATs&p 500 low vol	$1,780,000	–	50,000	–	0.78%	–
TGT	New	TARGET	$1,739,000	–	30,000	–	0.76%	–
IBM	New	INTL BUSINESS MACHINES CORPput	$1,700,000	–	10,000	–	0.75%	–
DIA	New	SPDR DOW JONES INDUSTRIAL AVRGut ser 1	$1,679,000	–	10,000	–	0.74%	–
CSCO	New	CISCO SYSTEMS	$1,615,000	–	65,000	–	0.71%	–
EWI	New	ISHARES MSCI ITALY INDEXmsci italy	$1,609,000	–	92,600	–	0.71%	–
SPLV	New	POWERSHARES S&P 500 LOW VOLAcall	$1,600,000	–	50,000	–	0.70%	–
BAC	New	BANK OF AMERICA	$1,537,000	–	100,000	–	0.68%	–
LB	New	L BRANDS INCcall	$1,420,000	–	20,000	–	0.62%	–
RIG	New	TRANSOCEAN	$1,351,000	–	30,000	–	0.59%	–
KORS	New	MICHAEL KORS HOLDINGS LTDcall	$1,350,000	–	10,000	–	0.59%	–
KMB	New	KIMBERLY-CLARK CORPcall	$1,300,000	–	10,000	–	0.57%	–
BAC	New	BANK OF AMERICA CORPput	$1,290,000	–	90,000	–	0.57%	–
ISRG	New	INTUITIVE SURGCL	$1,235,000	–	3,000	–	0.54%	–
GDX	New	MARKET VECTORS GOLD MINERScall	$1,200,000	–	50,000	–	0.53%	–
JCI	New	JOHNSON CONTROLS INCcall	$1,200,000	–	20,000	–	0.53%	–
POT	New	POTASH CORPATION OF SASKATCHEWAN	$1,139,000	–	30,000	–	0.50%	–
GILD	New	GILEAD SCIENCES INCcall	$1,100,000	–	10,000	–	0.48%	–
TSLA	New	TESLA MOTORS INCcall	$1,100,000	–	4,000	–	0.48%	–
AIG	New	AMERICAN INTERNATIONAL GROUP	$1,092,000	–	20,000	–	0.48%	–
EXC	New	EXELON	$1,094,000	–	30,000	–	0.48%	–
GDX	New	MARKET VECTORS GOLD MINERSput	$1,075,000	–	46,600	–	0.47%	–
HON	New	HONEYWELL INTERNATIONAL INCcall	$1,075,000	–	10,000	–	0.47%	–
X	New	US STEEL	$1,042,000	–	40,000	–	0.46%	–
TWTR	New	TWITTER INCput	$1,020,000	–	40,000	–	0.45%	–
AIG	New	AMERICAN INTERNATIONAL GROUPput	$1,000,000	–	20,000	–	0.44%	–
SWKS	New	SKYWORKS SOLUTIONS INCcall	$1,000,000	–	20,000	–	0.44%	–
JDSU	New	JDS UNIPHASE	$998,000	–	80,000	–	0.44%	–
BTU	New	PEABODY ENERGY	$981,000	–	60,000	–	0.43%	–
X	New	UNITED STATES STEEL CORPput	$980,000	–	40,000	–	0.43%	–
BA	New	BOEING CO/THEcall	$960,000	–	6,000	–	0.42%	–
CSCO	New	CISCO SYSTEMS INCput	$950,000	–	50,000	–	0.42%	–
MOS	New	MOSAIC CO/THEput	$950,000	–	30,000	–	0.42%	–
EOG	New	EOG RESOURCES INCcall	$938,000	–	7,500	–	0.41%	–
TEVA	New	TEVA PHARMACEUTICALput	$925,000	–	25,000	–	0.41%	–
DBA	New	POWERSHARES DB AGRICULTURE Fput	$920,000	–	40,000	–	0.40%	–
DAL	New	DELTA AIR LINES INCcall	$920,000	–	20,000	–	0.40%	–
DIS	New	WALT DISNEY CO/THEcall	$900,000	–	10,000	–	0.40%	–
CCJ	New	CAMECO CORPput	$900,000	–	50,000	–	0.40%	–
CVC	New	CABLEVISION SYSTEMScl a	$883,000	–	50,000	–	0.39%	–
IRM	New	IRON MOUNTAIN	$851,000	–	24,000	–	0.37%	–
BRCM	New	BROADCOM CORPput	$850,000	–	40,000	–	0.37%	–
DISH	New	DISH NETWORK CORPcall	$850,000	–	10,000	–	0.37%	–
HD	New	HOME DEPOT INCcall	$850,000	–	10,000	–	0.37%	–
EWJ	New	ISHARES MSCI JAPAN INDEXmsci japan	$843,000	–	70,000	–	0.37%	–
AMD	New	ADVANCED MICRO DEVICES	$838,000	–	200,000	–	0.37%	–
UAL	New	UNITED CONTINENTAL HOLDINGScall	$825,000	–	15,000	–	0.36%	–
OEF	New	ISHARES S&P 100 ETFcall	$791,000	–	9,300	–	0.35%	–
AES	New	AES	$778,000	–	50,000	–	0.34%	–
ISRG	New	INTUITIVE SURGICAL INCput	$760,000	–	2,000	–	0.33%	–
CVC	New	CABLEVISION SYSTEMS-NY GRP-Aput	$750,000	–	50,000	–	0.33%	–
CMCSA	New	COMCAST CORPcall	$744,000	–	12,400	–	0.33%	–
AMD	New	ADVANCED MICRO DEVICESput	$700,000	–	200,000	–	0.31%	–
GMCR	New	KEURIG GREEN MOUNTAIN INCcall	$675,000	–	5,000	–	0.30%	–
EXC	New	EXELON CORPput	$660,000	–	20,000	–	0.29%	–
GLD	New	SPDR GOLD SHAREScall	$650,000	–	5,000	–	0.28%	–
SLB	New	SCHLUMBERGER LTDcall	$650,000	–	5,000	–	0.28%	–
IRM	New	IRON MOUNTAIN INCput	$625,000	–	25,000	–	0.27%	–
SCCO	New	SOUTHERN COPPER	$607,000	–	20,000	–	0.27%	–
ILMN	New	ILLUMINA INCcall	$600,000	–	2,500	–	0.26%	–
VIP	New	VIMPELCOMsponsored adr	$588,000	–	70,000	–	0.26%	–
SBUX	New	STARBUCKS CORPcall	$578,000	–	7,000	–	0.25%	–
FE	New	FIRSTENERGY CORPput	$560,000	–	20,000	–	0.25%	–
JDSU	New	JDS UNIPHASE CORPput	$560,000	–	50,000	–	0.25%	–
OCR	New	OMNICARE INCcall	$525,000	–	7,000	–	0.23%	–
AES	New	AES CORPput	$520,000	–	40,000	–	0.23%	–
AU	New	ANGLOGOLD ASHANTIput	$500,000	–	50,000	–	0.22%	–
HP	New	HELMERICH & PAYNEput	$500,000	–	5,000	–	0.22%	–
LOW	New	LOWE'S COS INCcall	$500,000	–	10,000	–	0.22%	–
TGT	New	TARGET CORPput	$500,000	–	10,000	–	0.22%	–
TIF	New	TIFFANY & COcall	$483,000	–	4,200	–	0.21%	–
EWG	New	ISHARES MSCI GERMANY ETFput	$456,000	–	15,200	–	0.20%	–
RCL	New	ROYAL CARIBBEAN CRUISES LTDcall	$448,000	–	6,400	–	0.20%	–
WFT	New	WEATHERFORD INTERNATIONAL PLput	$429,000	–	39,000	–	0.19%	–
UNH	New	UNITEDHEALTH GROUP INCcall	$425,000	–	5,000	–	0.19%	–
YHOO	New	YAHOO! INCput	$420,000	–	20,000	–	0.18%	–
SO	New	SOUTHERN CO/THEcall	$410,000	–	10,000	–	0.18%	–
BTU	New	PEABODY ENERGY CORPput	$405,000	–	25,000	–	0.18%	–
SPLS	New	STAPLES INCput	$400,000	–	50,000	–	0.18%	–
DIA	New	SPDR DJIA TRUSTput	$390,000	–	2,000	–	0.17%	–
WFM	New	WHOLE FOODS	$386,000	–	10,000	–	0.17%	–
TGT	New	TARGET CORPcall	$385,000	–	7,000	–	0.17%	–
POT	New	POTASH CORP OF SASKATCHEWANput	$370,000	–	10,000	–	0.16%	–
EEM	New	ISHARES MSCI EMERGING MARKETcall	$370,000	–	10,000	–	0.16%	–
FIO	New	FUSION-IO INCput	$350,000	–	50,000	–	0.15%	–
OKE	New	ONEOK INCcall	$350,000	–	5,000	–	0.15%	–
WFM	New	WHOLE FOODS MARKET INCput	$350,000	–	10,000	–	0.15%	–
DIS	New	WALT DISNEY CO/THEput	$338,000	–	5,000	–	0.15%	–
BA	New	BOEING CO/THEput	$338,000	–	2,500	–	0.15%	–
EWW	New	ISHARES MSCI MEXICO CAPPEDcall	$330,000	–	5,000	–	0.14%	–
JOY	New	JOY GLOBAL INCput	$329,000	–	9,400	–	0.14%	–
OKE	New	ONEOK INCput	$325,000	–	5,000	–	0.14%	–
VIP	New	VIMPELCOM LTDput	$315,000	–	45,000	–	0.14%	–
ADT	New	ADT CORP/THEcall	$312,000	–	8,000	–	0.14%	–
WAG	New	WALGREEN COput	$294,000	–	4,900	–	0.13%	–
DOFSQ	New	DIAMOND OFFSHORE DRILLING	$294,000	–	5,925	–	0.13%	–
SCCO	New	SOUTHERN COPPER CORPput	$270,000	–	10,000	–	0.12%	–
RGC	New	REGAL ENTERTAINMENT GROUPcall	$256,000	–	12,800	–	0.11%	–
SHLDQ	New	SEARS HOLDINGS CORPput	$250,000	–	10,000	–	0.11%	–
HAL	New	HALLIBURTON COput	$245,000	–	3,500	–	0.11%	–
RSX	New	MARKET VECTORS RUSSIA ETFcall	$228,000	–	9,900	–	0.10%	–
EWZ	New	ISHARES MSCI BRAZIL CAPPED Ecall	$203,000	–	5,000	–	0.09%	–
SCHN	New	SCHNITZER STEEL INDS INC-Aput	$180,000	–	10,000	–	0.08%	–
AROPQ	New	AEROPOSTALE	$175,000	–	50,000	–	0.08%	–
EWI	New	ISHARES MSCI ITALY CAPPED ETput	$170,000	–	10,000	–	0.08%	–
SONY	New	SONY ADR REP 1adr new	$168,000	–	10,000	–	0.07%	–
CVC	New	CABLEVISION SYSTEMS-NY GRP-Acall	$160,000	–	10,000	–	0.07%	–
MNKD	New	MANNKIND CORPput	$127,000	–	36,300	–	0.06%	–
NBY	New	NOVABAY PHARMACEUTICALS	$119,000	–	150,000	–	0.05%	–
WTSLQ	New	WET SEALcl a	$36,000	–	40,000	–	0.02%	–

Q4 2013

			Value		Shares		↓ Weighting
AKS	Exit	AK STEEL HOLDING CORPput	$0	–	-25,600	–	-0.07%	–
ZINCQ	Exit	HORSEHEAD HLDS (NMQ)	$0	–	-10,000	–	-0.09%	–
GSM	Exit	GLOBE SPECIALTY METALS ORD	$0	–	-10,000	–	-0.11%	–
NGD	Exit	NEW GOLD INCput	$0	–	-35,000	–	-0.16%	–
HL	Exit	HECLA MINING ORD (NYS)	$0	–	-71,500	–	-0.17%	–
STLD	Exit	STEEL DYNAMICS INCcall	$0	–	-15,000	–	-0.18%	–
SLW	Exit	SILVER WHEATON ORD (NYS)	$0	–	-11,000	–	-0.20%	–
GOLD	Exit	RANDGOLD RESOURCES LTD-ADRput	$0	–	-4,000	–	-0.21%	–
CLDPQ	Exit	CLOUD PEAK ENERGY INCput	$0	–	-20,000	–	-0.22%	–
FCX	Exit	FREEPORT-MCMORAN COPPERput	$0	–	-10,000	–	-0.24%	–
FCX	Exit	FREEPORT MCMORAN COP & GLD ORD (NYS)	$0	–	-10,000	–	-0.25%	–
CLDPQ	Exit	CLOUD PEAK ENERGY ORD (NYS)	$0	–	-22,700	–	-0.25%	–
MCO	Exit	MOODY'S CORPcall	$0	–	-5,000	–	-0.26%	–
GOLD	Exit	BARRICK GOLD CORPput	$0	–	-20,000	–	-0.27%	–
CMP	Exit	COMPASS MINERALS INTERNATIONAL ORD (NYS)	$0	–	-4,704	–	-0.27%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHINES ORD (NYS)	$0	–	-2,000	–	-0.28%	–
GOLD	Exit	BARRICK GOLD ORD (NYS)	$0	–	-20,000	–	-0.28%	–
NKE	Exit	NIKE INC -CL Bcall	$0	–	-5,000	–	-0.28%	–
XLNX	Exit	XILINX INCcall	$0	–	-7,500	–	-0.28%	–
6107SC	Exit	URS CORPcall	$0	–	-7,500	–	-0.31%	–
BP	Exit	BP PLC-SPONS ADRcall	$0	–	-10,000	–	-0.31%	–
POT	Exit	POTASH CORP OF SASKATCHEWANput	$0	–	-20,000	–	-0.37%	–
LOW	Exit	LOWE'S COS INCcall	$0	–	-10,000	–	-0.37%	–
KGC	Exit	KINROSS GOLD CORPput	$0	–	-100,000	–	-0.37%	–
GOLD	Exit	RANDGOLD RESOURCES LTD (NMQ)	$0	–	-7,000	–	-0.37%	–
CMC	Exit	COMMERCIAL METALS ORD (NYS)	$0	–	-31,571	–	-0.40%	–
SA	Exit	SEABRIDGE GOLD INCput	$0	–	-50,000	–	-0.41%	–
CRS	Exit	CARPENTER TECHNOLOGY ORD (NYS)	$0	–	-10,000	–	-0.43%	–
ATI	Exit	ALLEGHENY TECHNOLOGIES ORD (NYS)	$0	–	-19,200	–	-0.44%	–
FOXA	Exit	TWENTY-FIRST CENTURY FOX-Aput	$0	–	-20,000	–	-0.45%	–
LL	Exit	LUMBER LIQUIDATORS HOLDINGScall	$0	–	-5,000	–	-0.45%	–
OCN	Exit	OCWEN FINANCIAL CORPcall	$0	–	-10,000	–	-0.45%	–
KLAC	Exit	KLA-TENCOR CORPORATIONcall	$0	–	-8,700	–	-0.45%	–
POT	Exit	POTASH CORPATION OF SASKATCHEWAN ORD (NYS)	$0	–	-20,000	–	-0.46%	–
CDE	Exit	COEUR MINING INCput	$0	–	-50,000	–	-0.48%	–
EEM	Exit	ISHARES MSCI EMERGING MARKETput	$0	–	-20,000	–	-0.49%	–
CRS	Exit	CARPENTER TECHNOLOGYput	$0	–	-13,700	–	-0.51%	–
MA	Exit	MASTERCARD INC-CLASS Acall	$0	–	-1,000	–	-0.52%	–
JCPNQ	Exit	J.C. PENNEY CO INCcall	$0	–	-50,000	–	-0.52%	–
ROST	Exit	ROSS STORES INCcall	$0	–	-9,900	–	-0.53%	–
EWJ	Exit	ISHARES MSCI JAPAN ETFput	$0	–	-60,000	–	-0.54%	–
CDE	Exit	COEUR D ALENE MINES ORD (NYS)	$0	–	-62,906	–	-0.56%	–
HON	Exit	HONEYWELL INTERNATIONAL INCcall	$0	–	-9,000	–	-0.58%	–
JCPNQ	Exit	J.C. PENNEY CO INCput	$0	–	-100,000	–	-0.59%	–
SWC	Exit	STILLWATER MNG ORD (NYS)	$0	–	-73,200	–	-0.60%	–
BVN	Exit	CIA DE MINAS BUENAVENTUR-ADRput	$0	–	-70,000	–	-0.61%	–
RTN	Exit	RAYTHEON COMPANYcall	$0	–	-10,000	–	-0.63%	–
SBUX	Exit	STARBUCKS CORPcall	$0	–	-10,000	–	-0.63%	–
TRV	Exit	TRAVELERS COS INC/THEcall	$0	–	-9,000	–	-0.64%	–
WDC	Exit	WESTERN DIGITAL CORPcall	$0	–	-10,000	–	-0.67%	–
AA	Exit	ALCOA ORD (NYS)	$0	–	-115,000	–	-0.69%	–
CLX	Exit	CLOROX COMPANYcall	$0	–	-10,000	–	-0.70%	–
JNJ	Exit	JOHNSON & JOHNSONcall	$0	–	-10,000	–	-0.70%	–
DAL	Exit	DELTA AIR LINES INCcall	$0	–	-40,000	–	-0.74%	–
TLT	Exit	ISHARES 20+ YEAR TREASURY BOput	$0	–	-10,000	–	-0.74%	–
GILD	Exit	GILEAD SCIENCES INCcall	$0	–	-15,000	–	-0.75%	–
SXC	Exit	SUNCOKE ENERGY ORD (NYS)	$0	–	-60,000	–	-0.76%	–
RGC	Exit	REGAL ENTERTAINMENT GROUP-Acall	$0	–	-51,300	–	-0.76%	–
NFLX	Exit	NETFLIX INCcall	$0	–	-4,000	–	-0.92%	–
AET	Exit	AETNA INCcall	$0	–	-20,000	–	-0.96%	–
JOY	Exit	JOY GLOBAL INCput	$0	–	-37,300	–	-0.97%	–
DIS	Exit	WALT DISNEY CO/THEcall	$0	–	-20,000	–	-1.00%	–
EWP	Exit	ISHARES MSCI SPAIN INDEX ETF (PSE)msci spain	$0	–	-40,000	–	-1.03%	–
EWJ	Exit	ISHARES MSCI JAPAN ETFcall	$0	–	-100,000	–	-1.04%	–
RSX	Exit	MARKET VECTORS RUSSIA ETFcall	$0	–	-50,000	–	-1.04%	–
GLW	Exit	CORNING INCput	$0	–	-100,000	–	-1.04%	–
ANF	Exit	ABERCROMBIE & FITCH CO-CL Acall	$0	–	-19,500	–	-1.09%	–
VIAB	Exit	VIACOM INC-CLASS Bcall	$0	–	-20,000	–	-1.30%	–
WFM	Exit	WHOLE FOODS MARKET INCcall	$0	–	-30,000	–	-1.34%	–
FXI	Exit	ISHARES FTSE CHINA 25 INDEX ETF (PSE)ftse china 25 idx	$0	–	-50,000	–	-1.38%	–
ETN	Exit	EATON CORP PLCcall	$0	–	-25,000	–	-1.39%	–
LGF	Exit	LIONS GATE ENTERTAINMENT CORcall	$0	–	-47,500	–	-1.39%	–
CSCO	Exit	CISCO SYSTEMS INCput	$0	–	-100,000	–	-1.41%	–
BA	Exit	BOEING CO/THEcall	$0	–	-20,000	–	-1.56%	–
HUM	Exit	HUMANA INCcall	$0	–	-20,000	–	-1.56%	–
BRKB	Exit	BERKSHIRE HATHWAY CL B ORD (NYS)cl b	$0	–	-20,000	–	-1.69%	–
BRKB	Exit	BERKSHIRE HATHAWAY-BLK CEDEAput	$0	–	-20,000	–	-1.71%	–
EWZ	Exit	ISHARES MSCI BRAZIL IX ETF (PSE)msci brazil	$0	–	-50,000	–	-1.78%	–
MOS	Exit	MOSAIC CO/THEput	$0	–	-74,200	–	-1.79%	–
CSCO	Exit	CISCO SYSTEMS STK (NMQ)	$0	–	-104,100	–	-1.81%	–
RSX	Exit	MARKET VECTORS RUSSIA ETFput	$0	–	-100,000	–	-1.86%	–
CL	Exit	COLGATE-PALMOLIVE COcall	$0	–	-40,000	–	-1.90%	–
EEM	Exit	ISHARES MSCI EMERGING MKTS IDX ETF (PSE)msci emerg mkt	$0	–	-70,000	–	-2.12%	–
TLT	Exit	ISHARES BARCLAYS 20+ YR TREASURY ETF (PSE)20+ yr tr bd etf	$0	–	-30,000	–	-2.37%	–
BP	Exit	BP ADR EACH REPSTNG SIX ORD (NYS)sponsored adr	$0	–	-81,653	–	-2.55%	–
EWJ	Exit	ISHARES MSCI JAPAN INDEX ETF (PSE)msci japan	$0	–	-394,500	–	-3.49%	–
EWI	Exit	ISHARES MSCI ITALY INDEX ETF (PSE)msci italy	$0	–	-340,000	–	-3.56%	–
FXI	Exit	ISHARES CHINA LARGE-CAP ETFput	$0	–	-150,000	–	-3.71%	–
RSX	Exit	MARKET VECTORS RUSSIA ETF (PSE)russia etf	$0	–	-200,000	–	-4.18%	–
DVY	Exit	ISHARES SELECT DIVIDEND ETFput	$0	–	-100,000	–	-4.53%	–
GLW	Exit	CORNING ORD (NYS)	$0	–	-450,000	–	-4.88%	–
DVY	Exit	ISHARES DOW JONE SELECT DIV INDX ETF (PSE)dj sel div inx	$0	–	-215,553	–	-10.62%	–

Q3 2013

			Value		Shares		↓ Weighting
DVY	New	ISHARES SELECT DIVIDEND ETFput	$6,100,000	–	100,000	–	4.53%	–
RSX	Buy	MARKET VECTORS RUSSIA ETF (PSE)russia etf	$5,636,000	+86.7%	200,000	+66.7%	4.18%	+77.2%
EWJ	Sell	ISHARES MSCI JAPAN INDEX ETF (PSE)msci japan	$4,698,000	-23.9%	394,500	-28.3%	3.49%	-27.8%
BP	Buy	BP ADR EACH REPSTNG SIX ORD (NYS)sponsored adr	$3,432,000	+168.8%	81,653	+166.8%	2.55%	+155.1%
TLT	New	ISHARES BARCLAYS 20+ YR TREASURY ETF (PSE)20+ yr tr bd etf	$3,192,000	–	30,000	–	2.37%	–
EEM	Buy	ISHARES MSCI EMERGING MKTS IDX ETF (PSE)msci emerg mkt	$2,854,000	+48.0%	70,000	+40.0%	2.12%	+40.4%
RSX	New	MARKET VECTORS RUSSIA ETFput	$2,500,000	–	100,000	–	1.86%	–
MOS	New	MOSAIC CO/THEput	$2,412,000	–	74,200	–	1.79%	–
BRKB	New	BERKSHIRE HATHAWAY-BLK CEDEAput	$2,300,000	–	20,000	–	1.71%	–
BA	Sell	BOEING CO/THEcall	$2,100,000	-50.0%	20,000	-50.0%	1.56%	-52.6%
HUM	New	HUMANA INCcall	$2,100,000	–	20,000	–	1.56%	–
LGF	New	LIONS GATE ENTERTAINMENT CORcall	$1,878,000	–	47,500	–	1.39%	–
ETN	New	EATON CORP PLCcall	$1,875,000	–	25,000	–	1.39%	–
WFM	New	WHOLE FOODS MARKET INCcall	$1,800,000	–	30,000	–	1.34%	–
VIAB	New	VIACOM INC-CLASS Bcall	$1,750,000	–	20,000	–	1.30%	–
EWJ	New	ISHARES MSCI JAPAN ETFcall	$1,400,000	–	100,000	–	1.04%	–
GLW	New	CORNING INCput	$1,400,000	–	100,000	–	1.04%	–
DIS	Sell	WALT DISNEY CO/THEcall	$1,350,000	-41.9%	20,000	-42.9%	1.00%	-44.9%
AET	New	AETNA INCcall	$1,300,000	–	20,000	–	0.96%	–
NFLX	New	NETFLIX INCcall	$1,240,000	–	4,000	–	0.92%	–
RGC	New	REGAL ENTERTAINMENT GROUP-Acall	$1,026,000	–	51,300	–	0.76%	–
SXC	New	SUNCOKE ENERGY ORD (NYS)	$1,020,000	–	60,000	–	0.76%	–
GILD	New	GILEAD SCIENCES INCcall	$1,013,000	–	15,000	–	0.75%	–
DAL	Sell	DELTA AIR LINES INCcall	$1,000,000	+17.0%	40,000	-1.7%	0.74%	+11.1%
TLT	New	ISHARES 20+ YEAR TREASURY BOput	$1,000,000	–	10,000	–	0.74%	–
JNJ	New	JOHNSON & JOHNSONcall	$950,000	–	10,000	–	0.70%	–
AA	Buy	ALCOA ORD (NYS)	$934,000	+19.4%	115,000	+15.0%	0.69%	+13.4%
WDC	Sell	WESTERN DIGITAL CORPcall	$900,000	-27.5%	10,000	-47.6%	0.67%	-31.3%
RTN	New	RAYTHEON COMPANYcall	$850,000	–	10,000	–	0.63%	–
SBUX	New	STARBUCKS CORPcall	$850,000	–	10,000	–	0.63%	–
BVN	New	CIA DE MINAS BUENAVENTUR-ADRput	$820,000	–	70,000	–	0.61%	–
JCPNQ	New	J.C. PENNEY CO INCput	$800,000	–	100,000	–	0.59%	–
HON	New	HONEYWELL INTERNATIONAL INCcall	$788,000	–	9,000	–	0.58%	–
EWJ	Sell	ISHARES MSCI JAPAN ETFput	$720,000	-43.3%	60,000	-45.5%	0.54%	-46.2%
ROST	New	ROSS STORES INCcall	$718,000	–	9,900	–	0.53%	–
JCPNQ	New	J.C. PENNEY CO INCcall	$700,000	–	50,000	–	0.52%	–
MA	New	MASTERCARD INC-CLASS Acall	$695,000	–	1,000	–	0.52%	–
CRS	New	CARPENTER TECHNOLOGYput	$685,000	–	13,700	–	0.51%	–
EEM	New	ISHARES MSCI EMERGING MARKETput	$660,000	–	20,000	–	0.49%	–
CDE	New	COEUR MINING INCput	$650,000	–	50,000	–	0.48%	–
POT	New	POTASH CORPATION OF SASKATCHEWAN ORD (NYS)	$626,000	–	20,000	–	0.46%	–
KLAC	New	KLA-TENCOR CORPORATIONcall	$609,000	–	8,700	–	0.45%	–
LL	New	LUMBER LIQUIDATORS HOLDINGScall	$600,000	–	5,000	–	0.45%	–
OCN	Sell	OCWEN FINANCIAL CORPcall	$600,000	-36.8%	10,000	-50.0%	0.45%	-40.0%
FOXA	New	TWENTY-FIRST CENTURY FOX-Aput	$600,000	–	20,000	–	0.45%	–
CRS	Sell	CARPENTER TECHNOLOGY ORD (NYS)	$581,000	-35.5%	10,000	-50.0%	0.43%	-38.9%
SA	New	SEABRIDGE GOLD INCput	$550,000	–	50,000	–	0.41%	–
GOLD	New	RANDGOLD RESOURCES LTD (NMQ)	$501,000	–	7,000	–	0.37%	–
KGC	New	KINROSS GOLD CORPput	$500,000	–	100,000	–	0.37%	–
LOW	Buy	LOWE'S COS INCcall	$500,000	+108.3%	10,000	+96.1%	0.37%	+97.3%
POT	New	POTASH CORP OF SASKATCHEWANput	$500,000	–	20,000	–	0.37%	–
BP	Sell	BP PLC-SPONS ADRcall	$420,000	-83.0%	10,000	-83.3%	0.31%	-83.9%
NKE	New	NIKE INC -CL Bcall	$375,000	–	5,000	–	0.28%	–
XLNX	New	XILINX INCcall	$375,000	–	7,500	–	0.28%	–
GOLD	New	BARRICK GOLD ORD (NYS)	$372,000	–	20,000	–	0.28%	–
IBM	New	INTERNATIONAL BUSINESS MACHINES ORD (NYS)	$370,000	–	2,000	–	0.28%	–
GOLD	New	BARRICK GOLD CORPput	$360,000	–	20,000	–	0.27%	–
MCO	Sell	MOODY'S CORPcall	$350,000	+3.6%	5,000	-3.8%	0.26%	-1.5%
FCX	Sell	FREEPORT MCMORAN COP & GLD ORD (NYS)	$331,000	-57.2%	10,000	-64.3%	0.25%	-59.3%
FCX	New	FREEPORT-MCMORAN COPPERput	$320,000	–	10,000	–	0.24%	–
CLDPQ	New	CLOUD PEAK ENERGY INCput	$300,000	–	20,000	–	0.22%	–
GOLD	New	RANDGOLD RESOURCES LTD-ADRput	$280,000	–	4,000	–	0.21%	–
SLW	New	SILVER WHEATON ORD (NYS)	$272,000	–	11,000	–	0.20%	–
HL	New	HECLA MINING ORD (NYS)	$225,000	–	71,500	–	0.17%	–
NGD	New	NEW GOLD INCput	$210,000	–	35,000	–	0.16%	–
GSM	New	GLOBE SPECIALTY METALS ORD	$154,000	–	10,000	–	0.11%	–
ZINCQ	New	HORSEHEAD HLDS (NMQ)	$125,000	–	10,000	–	0.09%	–
AKS	New	AK STEEL HOLDING CORPput	$90,000	–	25,600	–	0.07%	–
FTE	Exit	FRANCE TELECOM ADR REPSG 1 ORD (NYS)sponsored adr	$0	–	-10,000	–	-0.07%	–
GFI	Exit	GOLD FIELDS ADR REP 1 ORD (NYS)sposored adr	$0	–	-36,825	–	-0.15%	–
IAG	Exit	IAMGOLD ORD (NYS)	$0	–	-44,700	–	-0.15%	–
NEM	Exit	NEWMONT MINING ORD (NYS)	$0	–	-7,000	–	-0.16%	–
NGD	Exit	NEW GOLD ORD (ASE)	$0	–	-35,000	–	-0.18%	–
XME	Exit	SPDR S&P META (PSE)s&p metals mng	$0	–	-6,936	–	-0.18%	–
IP	Exit	INTERNATIONAL PAPER COput	$0	–	-5,800	–	-0.20%	–
HRB	Exit	H&R BLOCK INCcall	$0	–	-11,000	–	-0.21%	–
K	Exit	KELLOGG COcall	$0	–	-4,000	–	-0.22%	–
TUP	Exit	TUPPERWARE BRANDS CORPcall	$0	–	-3,700	–	-0.26%	–
RGC	Exit	REGAL ENTERTAINMENT GROUP-Aput	$0	–	-25,000	–	-0.29%	–
COG	Exit	CABOT OIL & GAS CORPcall	$0	–	-4,500	–	-0.30%	–
AAPL	Exit	APPLE ORD (NMS)	$0	–	-1,000	–	-0.31%	–
APH	Exit	AMPHENOL CORP-CL Acall	$0	–	-5,000	–	-0.31%	–
NWSA	Exit	NEWS CORP - CLASS Aput	$0	–	-20,000	–	-0.47%	–
PETM	Exit	PETSMART INCcall	$0	–	-8,800	–	-0.58%	–
AU	Exit	ANGLOGOLD ASHANTI ADR REP 1 ORD (NYS)sposored adr	$0	–	-53,300	–	-0.60%	–
COG	Exit	CABOT OIL & GAS CORPput	$0	–	-13,000	–	-0.66%	–
GILD	Exit	GILEAD SCIENCES INCput	$0	–	-20,000	–	-0.68%	–
STX	Exit	SEAGATE TECHNOLOGYcall	$0	–	-20,000	–	-0.70%	–
UNP	Exit	UNION PACIFIC CORPcall	$0	–	-6,100	–	-0.74%	–
LBTYA	Exit	LIBERTY GLOBAL PLC-Aput	$0	–	-20,000	–	-0.75%	–
GE	Exit	GENERAL ELECTRIC COput	$0	–	-50,000	–	-0.78%	–
MSG	Exit	MADISON SQUARE GARDEN CO-Acall	$0	–	-15,000	–	-0.82%	–
HD	Exit	HOME DEPOT INCput	$0	–	-15,000	–	-0.82%	–
CELG	Exit	CELGENE CORPput	$0	–	-10,000	–	-0.86%	–
UNH	Exit	UNITEDHEALTH GROUP INCcall	$0	–	-16,900	–	-0.91%	–
INGR	Exit	INGREDION INCcall	$0	–	-15,000	–	-0.94%	–
M	Exit	MACY'S INCcall	$0	–	-25,000	–	-0.98%	–
PRU	Exit	PRUDENTIAL FINANCIAL INCcall	$0	–	-20,000	–	-1.15%	–
FXB	Exit	RYDEX CUR SHS BRIT POUND STER ETF (PSE)brit pound ste	$0	–	-10,000	–	-1.17%	–
EXPE	Exit	EXPEDIA INCcall	$0	–	-20,000	–	-1.40%	–
	Exit	EATON CORP PLCcall	$0	–	-25,000	–	-1.47%	–
RL	Exit	RALPH LAUREN CORPcall	$0	–	-10,000	–	-1.64%	–
COST	Exit	COSTCO WHOLESALE CORPcall	$0	–	-19,600	–	-1.74%	–
MMM	Exit	3M COcall	$0	–	-20,000	–	-1.80%	–
CRM	Exit	SALESFORCE.COM INCcall	$0	–	-40,000	–	-1.96%	–
CELG	Exit	CELGENE CORPcall	$0	–	-20,000	–	-2.11%	–
XLE	Exit	ENERGY SELECT SECTOR SPDRput	$0	–	-50,000	–	-2.15%	–
XME	Exit	SPDR S&P METALS & MINING ETFcall	$0	–	-149,300	–	-4.80%	–

Q2 2013

			Value		Shares		↓ Weighting
DVY	New	ISHARES DOW JONE SELECT DIV INDX ETF (PSE)dj sel div inx	$13,798,000	–	215,553	–	10.80%	–
GLW	New	CORNING ORD (NYS)	$6,404,000	–	450,000	–	5.01%	–
EWJ	New	ISHARES MSCI JAPAN INDEX ETF (PSE)msci japan	$6,171,000	–	550,000	–	4.83%	–
XME	New	SPDR S&P METALS & MINING ETFcall	$6,134,000	–	149,300	–	4.80%	–
FXI	New	ISHARES CHINA LARGE-CAP ETFput	$5,000,000	–	150,000	–	3.91%	–
BA	New	BOEING CO/THEcall	$4,200,000	–	40,000	–	3.29%	–
EWI	New	ISHARES MSCI ITALY INDEX ETF (PSE)msci italy capp	$4,015,000	–	340,000	–	3.14%	–
RSX	New	MARKET VECTORS RUSSIA ETF (PSE)russia etf	$3,019,000	–	120,000	–	2.36%	–
XLE	New	ENERGY SELECT SECTOR SPDRput	$2,750,000	–	50,000	–	2.15%	–
CELG	New	CELGENE CORPcall	$2,700,000	–	20,000	–	2.11%	–
CL	New	COLGATE-PALMOLIVE COcall	$2,565,000	–	40,000	–	2.01%	–
CSCO	New	CISCO SYSTEMS STK (NMQ)	$2,533,000	–	104,100	–	1.98%	–
CRM	New	SALESFORCE.COM INCcall	$2,500,000	–	40,000	–	1.96%	–
BP	New	BP PLC-SPONS ADRcall	$2,470,000	–	60,000	–	1.93%	–
DIS	New	WALT DISNEY CO/THEcall	$2,325,000	–	35,000	–	1.82%	–
MMM	New	3M COcall	$2,300,000	–	20,000	–	1.80%	–
BRKB	New	BERKSHIRE HATHWAY CL B ORD (NYS)cl b	$2,238,000	–	20,000	–	1.75%	–
COST	New	COSTCO WHOLESALE CORPcall	$2,227,000	–	19,600	–	1.74%	–
EWZ	New	ISHARES MSCI BRAZIL IX ETF (PSE)msci brazil	$2,193,000	–	50,000	–	1.72%	–
RL	New	RALPH LAUREN CORPcall	$2,100,000	–	10,000	–	1.64%	–
EEM	New	ISHARES MSCI EMERGING MKTS IDX ETF (PSE)msci emerg mkt	$1,929,000	–	50,000	–	1.51%	–
CSCO	New	CISCO SYSTEMS INCput	$1,900,000	–	100,000	–	1.49%	–
	New	EATON CORP PLCcall	$1,875,000	–	25,000	–	1.47%	–
EXPE	New	EXPEDIA INCcall	$1,790,000	–	20,000	–	1.40%	–
FXI	New	ISHARES FTSE CHINA 25 INDEX ETF (PSE)ftse china 25 idx	$1,626,000	–	50,000	–	1.27%	–
FXB	New	RYDEX CUR SHS BRIT POUND STER ETF (PSE)brit pound ste	$1,501,000	–	10,000	–	1.17%	–
PRU	New	PRUDENTIAL FINANCIAL INCcall	$1,475,000	–	20,000	–	1.15%	–
ANF	New	ABERCROMBIE & FITCH CO-CL Acall	$1,463,000	–	19,500	–	1.14%	–
RSX	New	MARKET VECTORS RUSSIA ETFcall	$1,450,000	–	50,000	–	1.14%	–
JOY	New	JOY GLOBAL INCput	$1,306,000	–	37,300	–	1.02%	–
BP	New	BP ADR EACH REPSTNG SIX ORD (NYS)sposored adr	$1,277,000	–	30,600	–	1.00%	–
EWJ	New	ISHARES MSCI JAPAN ETFput	$1,270,000	–	110,000	–	0.99%	–
M	New	MACY'S INCcall	$1,250,000	–	25,000	–	0.98%	–
WDC	New	WESTERN DIGITAL CORPcall	$1,242,000	–	19,100	–	0.97%	–
INGR	New	INGREDION INCcall	$1,200,000	–	15,000	–	0.94%	–
UNH	New	UNITEDHEALTH GROUP INCcall	$1,164,000	–	16,900	–	0.91%	–
EWP	New	ISHARES MSCI SPAIN INDEX ETF (PSE)msci spain	$1,108,000	–	40,000	–	0.87%	–
CELG	New	CELGENE CORPput	$1,100,000	–	10,000	–	0.86%	–
HD	New	HOME DEPOT INCput	$1,050,000	–	15,000	–	0.82%	–
MSG	New	MADISON SQUARE GARDEN CO-Acall	$1,050,000	–	15,000	–	0.82%	–
GE	New	GENERAL ELECTRIC COput	$1,000,000	–	50,000	–	0.78%	–
LBTYA	New	LIBERTY GLOBAL PLC-Aput	$960,000	–	20,000	–	0.75%	–
CLX	New	CLOROX COMPANYcall	$950,000	–	10,000	–	0.74%	–
OCN	New	OCWEN FINANCIAL CORPcall	$950,000	–	20,000	–	0.74%	–
UNP	New	UNION PACIFIC CORPcall	$946,000	–	6,100	–	0.74%	–
CRS	New	CARPENTER TECHNOLOGY ORD (NYS)	$901,000	–	20,000	–	0.70%	–
STX	New	SEAGATE TECHNOLOGYcall	$900,000	–	20,000	–	0.70%	–
GILD	New	GILEAD SCIENCES INCput	$875,000	–	20,000	–	0.68%	–
DAL	New	DELTA AIR LINES INCcall	$855,000	–	40,700	–	0.67%	–
TRV	New	TRAVELERS COS INC/THEcall	$855,000	–	9,000	–	0.67%	–
COG	New	CABOT OIL & GAS CORPput	$845,000	–	13,000	–	0.66%	–
CDE	New	COEUR D ALENE MINES ORD (NYS)	$837,000	–	62,906	–	0.66%	–
SWC	New	STILLWATER MNG ORD (NYS)	$786,000	–	73,200	–	0.62%	–
AA	New	ALCOA ORD (NYS)	$782,000	–	100,000	–	0.61%	–
FCX	New	FREEPORT MCMORAN COP & GLD ORD (NYS)	$773,000	–	28,000	–	0.60%	–
AU	New	ANGLOGOLD ASHANTI ADR REP 1 ORD (NYS)sposored adr	$762,000	–	53,300	–	0.60%	–
PETM	New	PETSMART INCcall	$748,000	–	8,800	–	0.58%	–
NWSA	New	NEWS CORP - CLASS Aput	$600,000	–	20,000	–	0.47%	–
ATI	New	ALLEGHENY TECHNOLOGIES ORD (NYS)	$505,000	–	19,200	–	0.40%	–
CMC	New	COMMERCIAL METALS ORD (NYS)	$466,000	–	31,571	–	0.36%	–
6107SC	New	URS CORPcall	$413,000	–	7,500	–	0.32%	–
APH	New	AMPHENOL CORP-CL Acall	$400,000	–	5,000	–	0.31%	–
CMP	New	COMPASS MINERALS INTERNATIONAL ORD (NYS)	$398,000	–	4,704	–	0.31%	–
AAPL	New	APPLE ORD (NMS)	$396,000	–	1,000	–	0.31%	–
COG	New	CABOT OIL & GAS CORPcall	$383,000	–	4,500	–	0.30%	–
RGC	New	REGAL ENTERTAINMENT GROUP-Aput	$375,000	–	25,000	–	0.29%	–
CLDPQ	New	CLOUD PEAK ENERGY ORD (NYS)	$374,000	–	22,700	–	0.29%	–
MCO	New	MOODY'S CORPcall	$338,000	–	5,200	–	0.26%	–
TUP	New	TUPPERWARE BRANDS CORPcall	$333,000	–	3,700	–	0.26%	–
K	New	KELLOGG COcall	$280,000	–	4,000	–	0.22%	–
HRB	New	H&R BLOCK INCcall	$264,000	–	11,000	–	0.21%	–
IP	New	INTERNATIONAL PAPER COput	$261,000	–	5,800	–	0.20%	–
LOW	New	LOWE'S COS INCcall	$240,000	–	5,100	–	0.19%	–
STLD	New	STEEL DYNAMICS INCcall	$240,000	–	15,000	–	0.19%	–
XME	New	SPDR S&P META (PSE)s&p metals mng	$230,000	–	6,936	–	0.18%	–
NGD	New	NEW GOLD ORD (ASE)	$225,000	–	35,000	–	0.18%	–
NEM	New	NEWMONT MINING ORD (NYS)	$210,000	–	7,000	–	0.16%	–
IAG	New	IAMGOLD ORD (NYS)	$194,000	–	44,700	–	0.15%	–
GFI	New	GOLD FIELDS ADR REP 1 ORD (NYS)sposored adr	$193,000	–	36,825	–	0.15%	–
FTE	New	FRANCE TELECOM ADR REPSG 1 ORD (NYS)sponsored adr	$95,000	–	10,000	–	0.07%	–

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