UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2010
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Labranche & Co Inc.
Address: 33 Whitehall Street
New York, NY 10004
13F File Number: 028-10499
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Jeffrey A. McCutcheon
Title: Senior Vice President and Chief Financial Officer
Phone: 212-820-6220
Signature, Place, and Date of Signing:
/s/ Jeffrey A. McCutcheon New York, NY January 31, 2011
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 257
Form 13F Information Table Value Total: $620,938 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
No. 13F File Number Name
01 028-10500 Labranche & Co., LLC
02 028-10501 LaBranche Capital LLC
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ABERCROMBIE & FITCH CO CL A 002896207 307 567 SH CALL DEFINED 02 0 567 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 1132 23337 SH DEFINED 02 0 23337 0
AES CORP COM 00130H105 152 12453 SH DEFINED 02 0 12453 0
AFLAC INC COM 001055102 7992 141632 SH DEFINED 02 0 141632 0
AK STL HLDG CORP COM 001547108 12505 665572 SH DEFINED 02 0 665572 0
ALCOA INC COM 013817101 1980 4975 SH CALL DEFINED 02 0 4975 0
ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881G106 371 15888 SH DEFINED 02 0 15888 0
ALPHA NATURAL RESOURCES INC COM 02076X102 402 6695 SH DEFINED 02 0 6695 0
AMAZON COM INC COM 023135106 393 2186 SH DEFINED 02 0 2186 0
AMEDISYS INC COM 023436108 272 8127 SH DEFINED 02 0 8127 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 1194 92880 SH DEFINED 02 0 92880 0
AMERICAN EXPRESS CO COM 025816109 3836 89368 SH DEFINED 02 0 89368 0
AMGEN INC NOTE 0.125% 2/0 031162AN0 200 200000 SH DEFINED 02 0 200000 0
ANADARKO PETE CORP COM 032511107 7469 3515 SH CALL DEFINED 02 0 3515 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 260 5283 SH DEFINED 02 0 5283 0
APACHE CORP COM 037411105 730 300 SH CALL DEFINED 02 0 300 0
APOLLO GROUP INC CL A 037604105 4 10 SH CALL DEFINED 02 0 10 0
APOLLO GROUP INC CL A 037604105 4193 61746 SH DEFINED 02 0 61746 0
APPLE INC COM 037833100 528 1636 SH DEFINED 02 0 1636 0
AVALONBAY CMNTYS INC COM 053484101 1325 11772 SH DEFINED 02 0 11772 0
BAKER HUGHES INC COM 057224107 2727 2220 SH CALL DEFINED 02 0 2220 0
BANK OF AMERICA CORPORATION COM 060505104 85 6390 SH DEFINED 02 0 6390 0
BANK OF AMERICA CORPORATION COM 060505104 204 4500 SH CALL DEFINED 02 0 4500 0
BARCLAYS BK PLC IPATH S&P MT ETN 06740C519 651 9900 SH DEFINED 02 0 9900 0
BARRICK GOLD CORP COM 067901108 3873 72819 SH DEFINED 02 0 72819 0
BARRICK GOLD CORP COM 067901108 4117 5036 SH CALL DEFINED 02 0 5036 0
BB&T CORP COM 054937107 714 19478 SH DEFINED 02 0 19478 0
BB&T CORP COM 054937107 0 235 SH CALL DEFINED 02 0 235 0
BED BATH & BEYOND INC COM 075896100 192 3900 SH DEFINED 02 0 3900 0
BED BATH & BEYOND INC COM 075896100 60 50 SH CALL DEFINED 02 0 50 0
BIOTECH HOLDRS TR DEPOSTRY RCPTS 09067D201 537 160 SH CALL DEFINED 02 0 160 0
BOEING CO COM 097023105 337 5170 SH DEFINED 02 0 5170 0
BUNGE LIMITED COM G16962105 182 187 SH CALL DEFINED 02 0 187 0
BUNGE LIMITED COM G16962105 568 8669 SH DEFINED 02 0 8669 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 4025 50189 SH DEFINED 02 0 50189 0
CALLAWAY GOLF CO COM 131193104 228 28299 SH DEFINED 02 0 28299 0
CALPINE CORP COM NEW 131347304 1836 137660 SH DEFINED 02 0 137660 0
CALPINE CORP COM NEW 131347304 2 625 SH CALL DEFINED 02 0 625 0
CATERPILLAR INC DEL COM 149123101 281 2997 SH DEFINED 02 0 2997 0
CBOE HLDGS INC COM 12503M108 2101 91864 SH DEFINED 02 0 91864 0
CBOE HLDGS INC COM 12503M108 0 10 SH CALL DEFINED 02 0 10 0
CEMEX SAB DE CV SPON ADR NEW 151290889 171 15977 SH DEFINED 02 0 15977 0
CENOVUS ENERGY INC COM 15135U109 1066 32060 SH DEFINED 02 0 32060 0
CF INDS HLDGS INC COM 125269100 7540 55787 SH DEFINED 02 0 55787 0
CF INDS HLDGS INC COM 125269100 120 101 SH CALL DEFINED 02 0 101 0
CHEVRON CORP NEW COM 166764100 1693 1472 SH CALL DEFINED 02 0 1472 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 37 32 SH CALL DEFINED 02 0 32 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 470 4909 SH DEFINED 02 0 4909 0
CHUBB CORP COM 171232101 1418 23774 SH DEFINED 02 0 23774 0
CISCO SYS INC COM 17275R102 35 10500 SH CALL DEFINED 02 0 10500 0
CITIGROUP INC COM 172967101 1269 268316 SH DEFINED 02 0 268316 0
CITIGROUP INC COM 172967101 5 5000 SH CALL DEFINED 02 0 5000 0
CLAYMORE EXCHANGE-TRADED FD GUGG BRIC ETF 18383M100 251 5446 SH DEFINED 02 0 5446 0
CLAYMORE EXCHANGE-TRADED FD GUGG BRIC ETF 18383M100 2 7 SH CALL DEFINED 02 0 7 0
COCA COLA ENTERPRISES INC NE COM 19122T109 3171 126687 SH DEFINED 02 0 126687 0
COEUR D ALENE MINES CORP IDA COM NEW 192108504 2518 92174 SH DEFINED 02 0 92174 0
COMCAST CORP NEW CL A 20030N101 1124 51165 SH DEFINED 02 0 51165 0
COMCAST CORP NEW CL A SPL 20030N200 1140 54804 SH DEFINED 02 0 54804 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 12921 725730 SH DEFINED 02 0 725730 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 19 1516 SH CALL DEFINED 02 0 1516 0
CONSOL ENERGY INC COM 20854P109 440 500 SH CALL DEFINED 02 0 500 0
CSX CORP COM 126408103 3676 2505 SH CALL DEFINED 02 0 2505 0
CURRENCYSHARES EURO TR EURO SHS 23130C108 352 3500 SH CALL DEFINED 02 0 3500 0
CURRENCYSHARES EURO TR EURO SHS 23130C108 6411 47169 SH DEFINED 02 0 47169 0
CURRENCYSHARES SWEDISH KRONA SWEDISH KRONA 23129R108 1946 13062 SH DEFINED 02 0 13062 0
D R HORTON INC COM 23331A109 233 19572 SH DEFINED 02 0 19572 0
DENNYS CORP COM 24869P104 465 129869 SH DEFINED 02 0 129869 0
DEVON ENERGY CORP NEW COM 25179M103 3271 41661 SH DEFINED 02 0 41661 0
DEVON ENERGY CORP NEW COM 25179M103 3 184 SH CALL DEFINED 02 0 184 0
DIREXION SHS ETF TR DLY FIN BULL NEW 25459W516 284 93 SH DEFINED 02 0 93 0
DIREXION SHS ETF TR DLY FIN BULL NEW 25459W516 5566 3243 SH CALL DEFINED 02 0 3243 0
DIREXION SHS ETF TR DLY R/E BULL3X 25459W755 263 251 SH CALL DEFINED 02 0 251 0
DISNEY WALT CO COM DISNEY 254687106 2750 73320 SH DEFINED 02 0 73320 0
DOMINION RES INC VA NEW COM 25746U109 228 800 SH CALL DEFINED 02 0 800 0
DOW CHEM CO COM 260543103 2011 58910 SH DEFINED 02 0 58910 0
DUKE ENERGY CORP NEW COM 26441C105 1753 98418 SH DEFINED 02 0 98418 0
E TRADE FINANCIAL CORP COM NEW 269246401 640 40000 SH DEFINED 01 0 40000 0
E TRADE FINANCIAL CORP COM NEW 269246401 9 572 SH DEFINED 02 0 572 0
E TRADE FINANCIAL CORP COM NEW 269246401 0 387 SH CALL DEFINED 02 0 387 0
EBAY INC COM 278642103 198 791 SH CALL DEFINED 02 0 791 0
ECHOSTAR CORP CL A 278768106 326 13038 SH DEFINED 02 0 13038 0
EL PASO CORP COM 28336L109 1338 97273 SH DEFINED 02 0 97273 0
EL PASO CORP COM 28336L109 72 644 SH CALL DEFINED 02 0 644 0
ELECTRONIC ARTS INC COM 285512109 218 13323 SH DEFINED 02 0 13323 0
ELECTRONIC ARTS INC COM 285512109 1 2500 SH CALL DEFINED 02 0 2500 0
ENCANA CORP COM 292505104 898 30842 SH DEFINED 02 0 30842 0
ENERGY XXI (BERMUDA) LTD USD UNRS SHS G10082140 428 15459 SH DEFINED 02 0 15459 0
EQUINIX INC COM NEW 29444U502 748 6702 SH DEFINED 02 0 6702 0
EXELON CORP COM 30161N101 9791 196996 SH DEFINED 02 0 196996 0
EXXON MOBIL CORP COM 30231G102 3140 4102 SH CALL DEFINED 02 0 4102 0
FEDEX CORP COM 31428X106 1332 400 SH CALL DEFINED 02 0 400 0
FORD MTR CO DEL COM PAR $0.01 345370860 375 22356 SH DEFINED 02 0 22356 0
FOSTER WHEELER AG COM H27178104 588 17020 SH DEFINED 02 0 17020 0
FOSTER WHEELER AG COM H27178104 395 850 SH CALL DEFINED 02 0 850 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 9057 75420 SH DEFINED 02 0 75420 0
GAP INC DEL COM 364760108 235 10593 SH DEFINED 02 0 10593 0
GENERAL ELECTRIC CO COM 369604103 400 4084 SH CALL DEFINED 02 0 4084 0
GENWORTH FINL INC COM CL A 37247D106 1974 150213 SH DEFINED 02 0 150213 0
GOLDMAN SACHS GROUP INC COM 38141G104 246 896 SH DEFINED 02 0 896 0
GOLDMAN SACHS GROUP INC COM 38141G104 668 1545 SH CALL DEFINED 02 0 1545 0
GOOGLE INC CL A 38259P508 1061 492 SH CALL DEFINED 02 0 492 0
GREEN MTN COFFEE ROASTERS IN COM 393122106 1745 961 SH CALL DEFINED 02 0 961 0
HALLIBURTON CO COM 406216101 1595 39070 SH DEFINED 02 0 39070 0
HARLEY DAVIDSON INC COM 412822108 1069 30840 SH DEFINED 02 0 30840 0
HESS CORP COM 42809H107 718 609 SH CALL DEFINED 02 0 609 0
HONDA MOTOR LTD AMERN SHS 438128308 323 8177 SH DEFINED 02 0 8177 0
HSBC HLDGS PLC SPON ADR NEW 404280406 266 5206 SH DEFINED 02 0 5206 0
INFOSYS TECHNOLOGIES LTD SPONSORED ADR 456788108 718 500 SH CALL DEFINED 02 0 500 0
INTERMUNE INC COM 45884X103 399 10964 SH DEFINED 02 0 10964 0
INTERMUNE INC COM 45884X103 31 10 SH CALL DEFINED 02 0 10 0
INTEROIL CORP COM 460951106 80 256 SH CALL DEFINED 02 0 256 0
INTEROIL CORP COM 460951106 856 11874 SH DEFINED 02 0 11874 0
INTREPID POTASH INC COM 46121Y102 270 750 SH DEFINED 02 0 750 0
INTREPID POTASH INC COM 46121Y102 529 750 SH CALL DEFINED 02 0 750 0
ISHARES INC MSCI HONG KONG 464286871 6235 329729 SH DEFINED 02 0 329729 0
ISHARES INC MSCI MALAYSIA 464286830 4790 333119 SH DEFINED 02 0 333119 0
ISHARES SILVER TRUST ISHARES 46428Q109 5275 167213 SH DEFINED 02 0 167213 0
ISHARES TR BARCLYS GOVT CR 464288596 2329 21691 SH DEFINED 02 0 21691 0
ISHARES TR FTSE XNHUA IDX 464287184 486 11275 SH DEFINED 02 0 11275 0
ISHARES TR FTSE XNHUA IDX 464287184 0 166 SH CALL DEFINED 02 0 166 0
ISHARES TR MSCI EAFE IDX 464287465 252 4329 SH DEFINED 02 0 4329 0
ISHARES TR MSCI EAFE IDX 464287465 0 28 SH CALL DEFINED 02 0 28 0
ISHARES TR MSCI EMERG MKT 464287234 1754 3855 SH CALL DEFINED 02 0 3855 0
ISHARES TR RUSSELL 2000 464287655 2794 35712 SH DEFINED 02 0 35712 0
JOY GLOBAL INC COM 481165108 4145 47785 SH DEFINED 02 0 47785 0
JPMORGAN CHASE & CO COM 46625H100 10343 243835 SH DEFINED 02 0 243835 0
JPMORGAN CHASE & CO COM 46625H100 208 750 SH CALL DEFINED 02 0 750 0
KB HOME COM 48666K109 1714 110083 SH DEFINED 02 0 110083 0
KINROSS GOLD CORP COM NO PAR 496902404 890 46955 SH DEFINED 02 0 46955 0
KLA-TENCOR CORP COM 482480100 266 700 SH CALL DEFINED 02 0 700 0
KOHLS CORP COM 500255104 33671 625170 SH DEFINED 02 0 625170 0
LAS VEGAS SANDS CORP COM 517834107 8634 3054 SH CALL DEFINED 02 0 3054 0
LENNAR CORP CL A 526057104 434 500 SH CALL DEFINED 02 0 500 0
LEXMARK INTL NEW CL A 529771107 382 10962 SH DEFINED 02 0 10962 0
LIBERTY GLOBAL INC COM SER A 530555101 10422 294573 SH DEFINED 02 0 294573 0
LIBERTY MEDIA CORP NEW LIB STAR COM A 53071M708 228 3425 SH DEFINED 02 0 3425 0
LOCKHEED MARTIN CORP COM 539830109 257 3680 SH DEFINED 02 0 3680 0
LOCKHEED MARTIN CORP COM 539830109 64 201 SH CALL DEFINED 02 0 201 0
MARATHON OIL CORP COM 565849106 242 6531 SH DEFINED 02 0 6531 0
MARATHON OIL CORP COM 565849106 75 81 SH CALL DEFINED 02 0 81 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 33531 545479 SH DEFINED 02 0 545479 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 924 2039 SH CALL DEFINED 02 0 2039 0
MARKET VECTORS ETF TR HG YLD MUN ETF 57060U878 1262 44275 SH DEFINED 02 0 44275 0
MASCO CORP COM 574599106 3167 202645 SH DEFINED 02 0 202645 0
MASCO CORP COM 574599106 6 2564 SH CALL DEFINED 02 0 2564 0
MASSEY ENERGY COMPANY COM 576206106 372 6937 SH DEFINED 02 0 6937 0
MCCLATCHY CO CL A 579489105 817 175000 SH DEFINED 02 0 175000 0
MEDCO HEALTH SOLUTIONS INC COM 58405U102 208 3390 SH DEFINED 02 0 3390 0
MEDIVATION INC COM 58501N101 566 17995 SH DEFINED 02 0 17995 0
MEDTRONIC INC COM 585055106 2893 78005 SH DEFINED 02 0 78005 0
MERCK & CO INC NEW COM 58933Y105 0 250 SH CALL DEFINED 02 0 250 0
MERCK & CO INC NEW COM 58933Y105 1022 28360 SH DEFINED 02 0 28360 0
MONSANTO CO NEW COM 61166W101 308 4428 SH DEFINED 02 0 4428 0
MONSANTO CO NEW COM 61166W101 3 789 SH CALL DEFINED 02 0 789 0
MOODYS CORP COM 615369105 201 7585 SH DEFINED 02 0 7585 0
MORGAN STANLEY COM NEW 617446448 850 22596 SH DEFINED 02 0 22596 0
MORGAN STANLEY COM NEW 617446448 0 467 SH CALL DEFINED 02 0 467 0
MOTOROLA INC COM 620076109 1814 200003 SH DEFINED 02 0 200003 0
NASDAQ OMX GROUP INC COM 631103108 0 11 SH CALL DEFINED 02 0 11 0
NASDAQ OMX GROUP INC COM 631103108 2816 118660 SH DEFINED 02 0 118660 0
NATIONAL OILWELL VARCO INC COM 637071101 1002 808 SH CALL DEFINED 02 0 808 0
NETFLIX INC COM 64110L106 2889 437 SH CALL DEFINED 02 0 437 0
NEWMONT MINING CORP COM 651639106 307 5000 SH DEFINED 01 0 5000 0
NEWMONT MINING CORP COM 651639106 3346 54462 SH DEFINED 02 0 54462 0
NEWMONT MINING CORP COM 651639106 2692 6607 SH CALL DEFINED 02 0 6607 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 6898 180122 SH DEFINED 02 0 180122 0
NORDSTROM INC COM 655664100 337 7946 SH DEFINED 02 0 7946 0
NOVARTIS A G SPONSORED ADR 66987V109 2972 2115 SH CALL DEFINED 02 0 2115 0
NYSE EURONEXT COM 629491101 5051 168487 SH DEFINED 02 0 168487 0
NYSE EURONEXT COM 629491101 1 1000 SH CALL DEFINED 02 0 1000 0
OCCIDENTAL PETE CORP DEL COM 674599105 2673 27246 SH DEFINED 02 0 27246 0
OIL SVC HOLDRS TR DEPOSTRY RCPT 678002106 17205 122426 SH DEFINED 02 0 122426 0
OIL SVC HOLDRS TR DEPOSTRY RCPT 678002106 519 269 SH CALL DEFINED 02 0 269 0
ORACLE CORP COM 68389X105 217 250 SH CALL DEFINED 02 0 250 0
PETROHAWK ENERGY CORP COM 716495106 1 500 SH CALL DEFINED 02 0 500 0
PETROHAWK ENERGY CORP COM 716495106 2944 134414 SH DEFINED 02 0 134414 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 749 3410 SH CALL DEFINED 02 0 3410 0
PLAINS EXPL& PRODTN CO COM 726505100 290 9019 SH DEFINED 02 0 9019 0
POTASH CORP SASK INC COM 73755L107 3647 1250 SH CALL DEFINED 02 0 1250 0
POWERSHARES ETF TRUST CLEANTECH PORT 73935X278 270 10227 SH DEFINED 02 0 10227 0
POWERSHARES ETF TRUST GOLDEN DRG USX 73935X401 210 7870 SH DEFINED 02 0 7870 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 4289 78748 SH DEFINED 02 0 78748 0
POWERSHS DB MULTI SECT COMM DB AGRICULT FD 73936B408 223 170 SH CALL DEFINED 02 0 170 0
POWERSHS DB MULTI SECT COMM DB AGRICULT FD 73936B408 5194 160559 SH DEFINED 02 0 160559 0
POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 1846 81285 SH DEFINED 02 0 81285 0
POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 911 21188 SH CALL DEFINED 02 0 21188 0
PRIMUS GUARANTY LTD SHS G72457107 1422 280000 SH DEFINED 01 0 280000 0
PRIMUS GUARANTY LTD SHS G72457107 0 33 SH DEFINED 02 0 33 0
PROSHARES TR ULTRA FNCLS NEW 74347X633 31 21346 SH CALL DEFINED 02 0 21346 0
RAYTHEON CO *W EXP 06/16/201 755111119 2719 311800 SH DEFINED 02 0 311800 0
RETAIL HOLDRS TR DEP RCPT 76127U101 10 289 SH CALL DEFINED 02 0 289 0
RETAIL HOLDRS TR DEP RCPT 76127U101 3686 34615 SH DEFINED 02 0 34615 0
RIVERBED TECHNOLOGY INC COM 768573107 11722 333290 SH DEFINED 02 0 333290 0
SAFEWAY INC COM NEW 786514208 369 16417 SH DEFINED 02 0 16417 0
SALESFORCE COM INC COM 79466L302 6562 49713 SH DEFINED 02 0 49713 0
SANDISK CORP COM 80004C101 302 6064 SH DEFINED 02 0 6064 0
SANDISK CORP COM 80004C101 4 100 SH CALL DEFINED 02 0 100 0
SCHLUMBERGER LTD COM 806857108 2983 2189 SH CALL DEFINED 02 0 2189 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 6 850 SH CALL DEFINED 02 0 850 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 1338 75461 SH DEFINED 02 0 75461 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 3207 85717 SH DEFINED 02 0 85717 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 480 15253 SH DEFINED 02 0 15253 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 21675 1258280 SH DEFINED 02 0 1258280 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 108 900 SH CALL DEFINED 02 0 900 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 263 5000 SH CALL DEFINED 02 0 5000 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 20520 532984 SH DEFINED 02 0 532984 0
SEMICONDUCTOR HLDRS TR DEP RCPT 816636203 278 1079 SH CALL DEFINED 02 0 1079 0
SILICON IMAGE INC COM 82705T102 1470 200000 SH DEFINED 02 0 200000 0
SIMON PPTY GROUP INC NEW COM 828806109 596 5955 SH DEFINED 02 0 5955 0
SMITHFIELD FOODS INC COM 832248108 2133 103378 SH DEFINED 02 0 103378 0
SOUTHERN CO COM 842587107 1633 42708 SH DEFINED 02 0 42708 0
SOUTHWESTERN ENERGY CO COM 845467109 2041 54541 SH DEFINED 02 0 54541 0
SPDR GOLD TRUST GOLD SHS 78463V107 31 220 SH DEFINED 02 0 220 0
SPDR GOLD TRUST GOLD SHS 78463V107 60401 40356 SH CALL DEFINED 02 0 40356 0
SPDR SERIES TRUST DJ SML VALUE ETF 78464A300 257 3720 SH DEFINED 02 0 3720 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 884 50818 SH DEFINED 02 0 50818 0
SPDR SERIES TRUST S&P RETAIL ETF 78464A714 3694 76388 SH DEFINED 02 0 76388 0
ST JUDE MED INC COM 790849103 5009 117165 SH DEFINED 02 0 117165 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 558 9175 SH DEFINED 02 0 9175 0
SUNPOWER CORP COM CL A 867652109 189 14752 SH DEFINED 02 0 14752 0
TARGET CORP COM 87612E106 459 875 SH CALL DEFINED 02 0 875 0
TATA MTRS LTD SPONSORED ADR 876568502 1937 52025 SH DEFINED 02 0 52025 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 6 6414 SH CALL DEFINED 02 0 6414 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 5742 107617 SH DEFINED 02 0 107617 0
TEXAS INSTRS INC COM 882508104 324 1250 SH CALL DEFINED 02 0 1250 0
TEXTRON INC COM 883203101 2275 96214 SH DEFINED 02 0 96214 0
TRANSOCEAN LTD REG SHS H8817H100 5745 75260 SH DEFINED 02 0 75260 0
TRANSOCEAN LTD REG SHS H8817H100 7 2315 SH CALL DEFINED 02 0 2315 0
TYSON FOODS INC CL A 902494103 299 17382 SH DEFINED 02 0 17382 0
UNION PAC CORP COM 907818108 827 8924 SH DEFINED 02 0 8924 0
UNITED CONTL HLDGS INC COM 910047109 1 1300 SH CALL DEFINED 02 0 1300 0
UNITED CONTL HLDGS INC COM 910047109 2307 96847 SH DEFINED 02 0 96847 0
UNITED STATES NATL GAS FUND UNIT 912318102 2122 155300 SH DEFINED 02 0 155300 0
UNITED STATES NATL GAS FUND UNIT 912318102 1 1500 SH CALL DEFINED 02 0 1500 0
UNITED STATES STL CORP NEW COM 912909108 639 900 SH DEFINED 02 0 900 0
UNITED STATES STL CORP NEW COM 912909108 6786 4556 SH CALL DEFINED 02 0 4556 0
VALE S A ADR 91912E105 3324 4210 SH CALL DEFINED 02 0 4210 0
VALERO ENERGY CORP NEW COM 91913Y100 350 3188 SH CALL DEFINED 02 0 3188 0
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 1380 17451 SH DEFINED 02 0 17451 0
VANGUARD INTL EQUITY INDEX F EMR MKT ETF 922042858 375 774 SH CALL DEFINED 02 0 774 0
VANGUARD WORLD FD EXTENDED DUR 921910709 1419 17143 SH DEFINED 02 0 17143 0
VIRGIN MEDIA INC COM 92769L101 4485 164660 SH DEFINED 02 0 164660 0
WAL MART STORES INC COM 931142103 4242 78655 SH DEFINED 02 0 78655 0
WAL MART STORES INC COM 931142103 20 700 SH CALL DEFINED 02 0 700 0
WALGREEN CO COM 931422109 1084 1550 SH CALL DEFINED 02 0 1550 0
WASTE MGMT INC DEL COM 94106L109 2991 81133 SH DEFINED 02 0 81133 0
WASTE MGMT INC DEL COM 94106L109 46 1824 SH CALL DEFINED 02 0 1824 0
WEATHERFORD INTERNATIONAL LT REG H27013103 11306 15093 SH CALL DEFINED 02 0 15093 0
WELLS FARGO & CO NEW COM 949746101 7390 238472 SH DEFINED 02 0 238472 0
WISDOMTREE TR EM LCL DEBT FD 97717X867 1377 26482 SH DEFINED 02 0 26482 0
WISDOMTREE TRUST NEW ZEAL DOLLR 97717W216 2224 94000 SH DEFINED 02 0 94000 0
WISDOMTREE TRUST STH AFRIC RAND 97717W158 376 12760 SH DEFINED 02 0 12760 0
WYNN RESORTS LTD COM 983134107 3359 32350 SH DEFINED 02 0 32350 0
YRC WORLDWIDE INC COM NEW 984249300 0 25 SH DEFINED 02 0 25 0
YRC WORLDWIDE INC COM NEW 984249300 6 12144 SH CALL DEFINED 02 0 12144 0
ZIMMER HLDGS INC COM 98956P102 16 28 SH CALL DEFINED 02 0 28 0
ZIMMER HLDGS INC COM 98956P102 453 8441 SH DEFINED 02 0 8441 0