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, 2004
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: One Exchange Plaza
New York, NY 10271
13F File Number: 28-10499
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: Harvey S. Traison
Title: Senior Vice President and Chief Financial Officer
Phone: 212-482-8950
Signature, Place, and Date of Signing:
/s/ Harvey S. Traison New York, NY February 10, 2005
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
Form13F Information Table Entry Total: 406
Form13F Information Table Value Total: $466,879 (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 28-10500 Labranche & Co., LLC
02 28-10501 Labranche Structured Products, 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3M CO COM 88579Y101 1299 15834 SH DEFINED 01 0 15834 0
ABBOTT LABS COM 002824100 355 1620 SH CALL DEFINED 02 0 1620 0
ACM INCOME FUND INC COM 000912105 127 15562 SH DEFINED 01 0 15562 0
ADOLOR CORP COM 00724X102 372 37514 SH DEFINED 02 0 37514 0
ADVANCED MICRO DEVICES INC COM 007903107 6567 10227 SH CALL DEFINED 02 0 10227 0
ADVANCED MICRO DEVICES INC COM 007903107 970 9096 SH PUT DEFINED 02 0 9096 0
AEROPOSTALE COM 007865108 300 10204 SH DEFINED 02 0 10204 0
AFFILIATED MANAGERS GROUP COM 008252108 281 237 SH CALL DEFINED 02 0 237 0
AGERE SYS INC CL A 00845V100 3160 2306930 SH DEFINED 01 0 2306930 0
AGERE SYS INC CL B 00845V209 2653 1965393 SH DEFINED 01 0 1965393 0
AGILENT TECHNOLOGIES INC COM 00846U101 2682 111291 SH DEFINED 01 0 111291 0
ALLEGHENY ENERGY INC COM 017361106 361 18339 SH DEFINED 02 0 18339 0
ALUMINUM CORP CHINA LTD SPON ADR H SHS 022276109 236 4034 SH DEFINED 01 0 4034 0
ALVARION LTD SHS M0861T100 874 65831 SH DEFINED 02 0 65831 0
AMAZON COM INC COM 023135106 741 16748 SH DEFINED 02 0 16748 0
AMERADA HESS CORP COM 023551104 6282 76251 SH DEFINED 02 0 76251 0
AMERADA HESS CORP COM 023551104 669 541 SH CALL DEFINED 02 0 541 0
AMERICA MOVIL S A DE C V SPON ADR L SHS 02364W105 262 5000 SH DEFINED 02 0 5000 0
AMERICA WEST HLDG CORP CL B 023657208 314 47762 SH DEFINED 01 0 47762 0
AMERICAN EXPRESS CO COM 025816109 2024 35907 SH DEFINED 01 0 35907 0
AMERICAN FINL GROUP INC OHIO COM 025932104 334 10656 SH DEFINED 02 0 10656 0
AMERIGROUP CORP COM 03073T102 1136 15018 SH DEFINED 02 0 15018 0
AMGEN INC COM 031162100 1714 26720 SH DEFINED 02 0 26720 0
ANADARKO PETE CORP COM 032511107 351 482 SH CALL DEFINED 02 0 482 0
ANNTAYLOR STORES CORP COM 036115103 864 40145 SH DEFINED 02 0 40145 0
APACHE CORP COM 037411105 564 444 SH CALL DEFINED 02 0 444 0
APACHE CORP COM 037411105 4001 79117 SH DEFINED 02 0 79117 0
APOLLO GROUP INC CL A 037604105 335 494 SH CALL DEFINED 02 0 494 0
APOLLO GROUP INC CL A 037604105 206 662 SH PUT DEFINED 02 0 662 0
APPLIED INDL TECHNOLOGIES IN COM 03820C105 483 17638 SH DEFINED 01 0 17638 0
ARCHER DANIELS MIDLAND CO COM 039483102 385 17240 SH DEFINED 01 0 17240 0
ARCHSTONE SMITH TR COM 039583109 305 7958 SH DEFINED 01 0 7958 0
ASTORIA FINL CORP COM 046265104 1068 26710 SH DEFINED 02 0 26710 0
AT&T CORP COM NEW 001957505 419 21982 SH DEFINED 01 0 21982 0
ATHEROGENICS INC COM 047439104 475 20175 SH DEFINED 02 0 20175 0
AVALONBAY CMNTYS INC COM 053484101 242 1730 SH PUT DEFINED 02 0 1730 0
AVALONBAY CMNTYS INC COM 053484101 629 983 SH CALL DEFINED 02 0 983 0
AVERY DENNISON CORP COM 053611109 714 11905 SH DEFINED 01 0 11905 0
AVON PRODS INC COM 054303102 3542 91517 SH DEFINED 02 0 91517 0
BANCO ITAU HLDG FINANCIERA S SP ADR 500 PFD 059602201 212 2824 SH DEFINED 02 0 2824 0
BANK NEW YORK INC COM 064057102 1114 2865 SH CALL DEFINED 02 0 2865 0
BANK OF AMERICA CORPORATION COM 060505104 208 400 SH CALL DEFINED 02 0 400 0
BAUSCH & LOMB INC COM 071707103 358 5550 SH DEFINED 01 0 5550 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 6768 77 SH DEFINED 01 0 77 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 238 81 SH DEFINED 01 0 81 0
BIO RAD LABS INC CL A 090572207 274 4768 SH DEFINED 01 0 4768 0
BIOGEN IDEC INC COM 09062X103 775 11637 SH DEFINED 02 0 11637 0
BIOTECH HOLDERS TR DEPOSTRY RCPTS 09067D201 7753 50700 SH DEFINED 02 0 50700 0
BIOTECH HOLDERS TR DEPOSTRY RCPTS 09067D201 991 326 SH CALL DEFINED 02 0 326 0
BIOVAIL CORP COM 09067J109 1341 81100 SH DEFINED 02 0 81100 0
BLOCK H & R INC COM 093671105 1171 23898 SH DEFINED 01 0 23898 0
BLOCKBUSTER INC CL B 093679207 91 10313 SH DEFINED 01 0 10313 0
BMC SOFTWARE INC COM 055921100 347 18671 SH DEFINED 01 0 18671 0
BOWATER INC COM 102183100 542 12337 SH DEFINED 02 0 12337 0
BP PLC SPONSORED ADR 055622104 2300 39376 SH DEFINED 02 0 39376 0
BP PLC SPONSORED ADR 055622104 870 954 SH CALL DEFINED 02 0 954 0
BUILDING MATLS HLDG CORP COM 120113105 279 7302 SH DEFINED 02 0 7302 0
C H ROBINSON WORLDWIDE INC COM 12541W100 315 5674 SH DEFINED 02 0 5674 0
CABLE & WIRELESS PUB LTD CO SPONSORED ADR 126830207 284 41486 SH DEFINED 01 0 41486 0
CACI INTL INC CL A 127190304 400 5877 SH DEFINED 01 0 5877 0
CALPINE CORP COM 131347106 589 9692 SH CALL DEFINED 02 0 9692 0
CALPINE CORP COM 131347106 1386 9619 SH PUT DEFINED 02 0 9619 0
CALPINE CORP COM 131347106 619 157061 SH DEFINED 02 0 157061 0
CAMPBELL SOUP CO COM 134429109 250 8353 SH DEFINED 02 0 8353 0
CANYON RESOURCES CORP COM NEW 138869300 104 81484 SH DEFINED 01 0 81484 0
CAPITAL ALLIANCE INCM TR REI COM NEW 13971R306 276 19863 SH DEFINED 01 0 19863 0
CAPITAL ONE FINL CORP COM 14040H105 1193 14170 SH DEFINED 01 0 14170 0
CAREMARK RX INC COM 141705103 412 1309 SH CALL DEFINED 02 0 1309 0
CHESAPEAKE ENERGY CORP COM 165167107 182 11027 SH DEFINED 01 0 11027 0
CHEVRONTEXACO CORP COM 166764100 3091 58872 SH DEFINED 01 0 58872 0
CHICOS FAS INC COM 168615102 4363 95824 SH DEFINED 02 0 95824 0
CHINA PETE & CHEM CORP SPON ADR H SHS 16941R108 492 12000 SH DEFINED 02 0 12000 0
CINERGY CORP COM 172474108 215 5167 SH DEFINED 01 0 5167 0
CIRCUIT CITY STORE INC COM 172737108 475 30382 SH DEFINED 01 0 30382 0
CISCO SYS INC COM 17275R102 305 15807 SH DEFINED 02 0 15807 0
CITIZENS COMMUNICATIONS CO COM 17453B101 376 27279 SH DEFINED 02 0 27279 0
CLEVELAND CLIFFS INC COM 185896107 11172 1730 SH CALL DEFINED 02 0 1730 0
CLEVELAND CLIFFS INC COM 185896107 6098 1248 SH PUT DEFINED 02 0 1248 0
CNOOC LTD SPONSORED ADR 126132109 878 16200 SH DEFINED 02 0 16200 0
COEUR D ALENE MINES CORP IDA COM 192108108 86 21931 SH DEFINED 02 0 21931 0
COGNOS INC COM 19244C109 739 16775 SH DEFINED 02 0 16775 0
COMERICA INC COM 200340107 336 5505 SH DEFINED 01 0 5505 0
COMMERCE BANCORP INC NJ COM 200519106 1209 1697 SH CALL DEFINED 02 0 1697 0
COMMERCE BANCORP INC NJ COM 200519106 246 1412 SH PUT DEFINED 02 0 1412 0
COMPUTER ASSOC INTL INC COM 204912109 3362 108240 SH DEFINED 02 0 108240 0
COMPUTER ASSOC INTL INC COM 204912109 2134 2965 SH CALL DEFINED 02 0 2965 0
COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 274 520 SH CALL DEFINED 02 0 520 0
COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 4239 173357 SH DEFINED 02 0 173357 0
CONTINENTAL AIRLS INC CL B 210795308 180 13281 SH DEFINED 01 0 13281 0
COOPER COS INC COM NEW 216648402 3572 50606 SH DEFINED 02 0 50606 0
COOPER COS INC COM NEW 216648402 357 5055 SH DEFINED 01 0 5055 0
COORS ADOLPH CO CL B 217016104 338 4468 SH DEFINED 01 0 4468 0
CORN PRODS INTL INC COM 219023108 576 10746 SH DEFINED 01 0 10746 0
COTT CORP QUE COM 22163N106 202 8175 SH DEFINED 01 0 8175 0
COUNTRYWIDE FINANCIAL CORP COM 222372104 2063 500 SH CALL DEFINED 02 0 500 0
COUSINS PPTYS INC COM 222795106 212 6989 SH DEFINED 01 0 6989 0
CROMPTON CORP COM 227116100 186 15738 SH DEFINED 01 0 15738 0
CROWN HOLDINGS INC COM 228368106 236 17148 SH DEFINED 02 0 17148 0
DADE BEHRING HLDGS INC COM 23342J206 1454 25966 SH DEFINED 02 0 25966 0
DANAHER CORP DEL COM 235851102 636 689 SH CALL DEFINED 02 0 689 0
DEAN FOODS CO NEW COM 242370104 407 12339 SH DEFINED 02 0 12339 0
DELPHI FINL GROUP INC CL A 247131105 334 7243 SH DEFINED 02 0 7243 0
DELTA AIR LINES INC DEL COM 247361108 85 11394 SH DEFINED 02 0 11394 0
DELTA AIR LINES INC DEL COM 247361108 1111 4532 SH CALL DEFINED 02 0 4532 0
DELTA AIR LINES INC DEL COM 247361108 1349 4597 SH PUT DEFINED 02 0 4597 0
DELTIC TIMBER CORP COM 247850100 423 9975 SH DEFINED 01 0 9975 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 207 5172 SH DEFINED 02 0 5172 0
DOLLAR TREE STORES INC COM 256747106 314 10931 SH DEFINED 02 0 10931 0
DOW CHEM CO COM 260543103 238 4814 SH DEFINED 02 0 4814 0
DU PONT E I DE NEMOURS & CO COM 263534109 254 5171 SH DEFINED 02 0 5171 0
E M C CORP MASS COM 268648102 1487 100000 SH DEFINED 01 0 100000 0
E TRADE FINANCIAL CORP COM 269246104 255 17084 SH DEFINED 02 0 17084 0
EAGLE BROADBAND INC COM 269437109 34 51625 SH DEFINED 01 0 51625 0
EBAY INC COM 278642103 352 3026 SH DEFINED 02 0 3026 0
EDISON INTL COM 281020107 1254 1348 SH CALL DEFINED 02 0 1348 0
ELDORADO GOLD CORP NEW COM 284902103 37 12400 SH DEFINED 02 0 12400 0
ELECTRONICS FOR IMAGING INC COM 286082102 487 27945 SH DEFINED 02 0 27945 0
EMERSON ELEC CO COM 291011104 433 6180 SH DEFINED 01 0 6180 0
ENTERGY CORP NEW COM 29364G103 339 5020 SH DEFINED 01 0 5020 0
ENZO BIOCHEM INC COM 294100102 1680 86288 SH DEFINED 02 0 86288 0
ENZO BIOCHEM INC COM 294100102 287 661 SH CALL DEFINED 02 0 661 0
ESS TECHNOLOGY INC COM 269151106 726 102146 SH DEFINED 02 0 102146 0
EVEREST RE GROUP LTD COM G3223R108 3452 38542 SH DEFINED 02 0 38542 0
EXELON CORP COM 30161N101 239 5420 SH DEFINED 01 0 5420 0
EXPRESSJET HOLDINGS INC CL A 30218U108 135 10488 SH DEFINED 01 0 10488 0
EXXON MOBIL CORP COM 30231G102 250 4885 SH DEFINED 02 0 4885 0
FASTENAL CO COM 311900104 2292 37240 SH DEFINED 02 0 37240 0
FEDERAL HOME LN MTG CORP COM 313400301 272 3686 SH DEFINED 01 0 3686 0
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 1094 21184 SH DEFINED 01 0 21184 0
FEDERATED INVS INC PA CL B 314211103 295 9704 SH DEFINED 01 0 9704 0
FLAGSTAR BANCORP INC COM 337930101 284 1237 SH CALL DEFINED 02 0 1237 0
FLIR SYS INC COM 302445101 283 217 SH CALL DEFINED 02 0 217 0
FORD MTR CO DEL COM PAR $0.01 345370860 735 50203 SH DEFINED 01 0 50203 0
FREEPORT-MCMORAN COPPER & GO CL B 35671D857 562 1476 SH CALL DEFINED 02 0 1476 0
FREEPORT-MCMORAN COPPER & GO CL B 35671D857 370 4885 SH PUT DEFINED 02 0 4885 0
FRIEDMAN BILLINGS RAMSEY GRO CL A 358434108 426 21953 SH DEFINED 01 0 21953 0
GAP INC DEL COM 364760108 1947 92191 SH DEFINED 01 0 92191 0
GENENTECH INC COM NEW 368710406 893 16412 SH DEFINED 02 0 16412 0
GENERAL ELEC CO COM 369604103 270 7390 SH DEFINED 02 0 7390 0
GENERAL MLS INC COM 370334104 443 8910 SH DEFINED 02 0 8910 0
GENERAL MTRS CORP COM 370442105 216 5399 SH DEFINED 02 0 5399 0
GENZYME CORP COM GENL DIV 372917104 275 4742 SH DEFINED 02 0 4742 0
GERMANY FD INC COM 374143105 137 16878 SH DEFINED 01 0 16878 0
GILEAD SCIENCES INC COM 375558103 310 8867 SH DEFINED 02 0 8867 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 554 11700 SH DEFINED 02 0 11700 0
GLOBAL CROSSING LTD SHS NEW G3921A175 547 1064 SH CALL DEFINED 02 0 1064 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 446 35761 SH DEFINED 01 0 35761 0
GOLDEN STAR RES LTD CDA COM 38119T104 53 13280 SH DEFINED 01 0 13280 0
GRAPHIC PACKAGING CORP DEL COM 388688103 78 10866 SH DEFINED 01 0 10866 0
HALLIBURTON CO COM 406216101 3834 97714 SH DEFINED 01 0 97714 0
HARMAN INTL INDS INC COM 413086109 644 421 SH CALL DEFINED 02 0 421 0
HARMAN INTL INDS INC COM 413086109 2105 16575 SH DEFINED 02 0 16575 0
HCC INS HLDGS INC COM 404132102 262 7910 SH DEFINED 01 0 7910 0
HELLENIC TELECOM ORGANIZATN SPONSORED ADR 423325307 179 20286 SH DEFINED 02 0 20286 0
HONEYWELL INTL INC COM 438516106 226 1186 SH PUT DEFINED 02 0 1186 0
HOSPIRA INC COM 441060100 1971 58838 SH DEFINED 02 0 58838 0
HUANENG PWR INTL INC SPON ADR N 443304100 246 8200 SH DEFINED 02 0 8200 0
IAMGOLD CORP COM 450913108 92 13967 SH DEFINED 01 0 13967 0
INDEPENDENCE CMNTY BK CORP COM 453414104 266 6253 SH DEFINED 02 0 6253 0
INFOSPACE INC COM NEW 45678T201 520 10943 SH DEFINED 02 0 10943 0
INFRASOURCE SVCS INC COM 45684P102 194 14959 SH DEFINED 01 0 14959 0
INSITE VISION INC COM 457660108 29 33420 SH DEFINED 01 0 33420 0
INTEL CORP COM 458140100 202 8622 SH DEFINED 02 0 8622 0
INTERNATIONAL BUSINESS MACHS COM 459200101 247 2502 SH DEFINED 02 0 2502 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 4427 128767 SH DEFINED 02 0 128767 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 601 1149 SH CALL DEFINED 02 0 1149 0
INTL PAPER CO COM 460146103 299 7109 SH DEFINED 02 0 7109 0
ISHARES INC MSCI NETHERLND 464286814 1350 73000 SH DEFINED 02 0 73000 0
ISHARES INC MSCI STH AFRCA 464286780 565 7100 SH DEFINED 02 0 7100 0
ISHARES INC MSCI SINGAPORE 464286673 744 103807 SH DEFINED 02 0 103807 0
ISHARES INC MSCI S KOREA 464286772 1250 42738 SH DEFINED 02 0 42738 0
ISHARES INC MSCI PAC J IDX 464286665 1593 17668 SH DEFINED 02 0 17668 0
ISHARES INC MSCI GERMAN 464286806 1273 68371 SH DEFINED 02 0 68371 0
ISHARES INC MSCI EMU INDEX 464286608 2062 28350 SH DEFINED 02 0 28350 0
ISHARES INC MSCI BELGIUM 464286301 989 53300 SH DEFINED 02 0 53300 0
ISHARES INC MSCI AUSTRIA 464286202 357 15500 SH DEFINED 02 0 15500 0
ISHARES INC MSCI AUSTRALIA 464286103 6766 405151 SH DEFINED 02 0 405151 0
ISHARES INC MSCI TAIWAN 464286731 686 56902 SH DEFINED 02 0 56902 0
ISHARES INC MSCI JAPAN 464286848 2895 265141 SH DEFINED 02 0 265141 0
ISHARES TR S&P MIDCP GROW 464287606 237 232 SH CALL DEFINED 02 0 232 0
ISHARES TR RUSSELL MCP VL 464287473 2704 23900 SH DEFINED 02 0 23900 0
ISHARES TR S&P GBL ENER 464287341 2165 29600 SH DEFINED 02 0 29600 0
ISHARES TR S&P GBL FIN 464287333 418 6240 SH DEFINED 02 0 6240 0
ISHARES TR S&P GBL HLTHCR 464287325 365 7420 SH DEFINED 02 0 7420 0
ISHARES TR S&P GBL TELCM 464287275 941 17600 SH DEFINED 02 0 17600 0
ISHARES TR RUSSELL 2000 464287655 921 31526 SH PUT DEFINED 02 0 31526 0
ISHARES TR S&P MIDCAP 400 464287507 529 4000 SH DEFINED 02 0 4000 0
ISHARES TR MSCI EAFE IDX 464287465 18817 117424 SH DEFINED 02 0 117424 0
ISHARES TR S&P SMLCAP 600 464287804 5199 31950 SH DEFINED 02 0 31950 0
ISHARES TR SMLL CORE INDX 464288505 684 10000 SH DEFINED 02 0 10000 0
ISHARES TR S&P LTN AM 40 464287390 3399 42200 SH DEFINED 02 0 42200 0
ISHARES TR RUSSELL 2000 464287655 8838 68250 SH DEFINED 02 0 68250 0
ISHARES TR RUSL 2000 VALU 464287630 714 3700 SH DEFINED 02 0 3700 0
ISHARES TR NASDQ BIO INDX 464287556 519 2441 SH PUT DEFINED 02 0 2441 0
ISHARES TR GS NAT RES IDX 464287374 683 5200 SH DEFINED 02 0 5200 0
ISHARES TR DJ US FINL SVC 464287770 333 2939 SH DEFINED 02 0 2939 0
ISHARES TR DJ US FINL SEC 464287788 1271 12977 SH DEFINED 02 0 12977 0
ISHARES TR DJ US CON CYCL 464287580 881 14400 SH DEFINED 02 0 14400 0
ISHARES TR DJ SEL DIV INX 464287168 576 9383 SH DEFINED 02 0 9383 0
ISHARES TR 7-10 YR TRS BD 464287440 2294 27000 SH DEFINED 02 0 27000 0
ISHARES TR 20+ YR TRS BD 464287432 1860 21000 SH DEFINED 02 0 21000 0
ISHARES TR S&P500/BAR VAL 464287408 2358 37500 SH DEFINED 02 0 37500 0
ISHARES TR RUSL 2000 GROW 464287648 262 3900 SH DEFINED 02 0 3900 0
ISHARES TR S&P SMLCP GROW 464287887 878 8201 SH DEFINED 02 0 8201 0
JDS UNIPHASE CORP COM 46612J101 2226 702352 SH DEFINED 02 0 702352 0
JO-ANN STORES INC COM 47758P307 294 10687 SH DEFINED 01 0 10687 0
JOHNSON & JOHNSON COM 478160104 501 7896 SH DEFINED 02 0 7896 0
JUNIPER NETWORKS INC COM 48203R104 244 200 SH CALL DEFINED 02 0 200 0
KANEB PIPE LINE PARTNERS L P SR PREF UNIT 484169107 272 4471 SH DEFINED 01 0 4471 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 208 4700 SH DEFINED 02 0 4700 0
KINETIC CONCEPTS INC COM NEW 49460W208 590 7729 SH DEFINED 01 0 7729 0
KLA-TENCOR CORP COM 482480100 1328 2086 SH CALL DEFINED 02 0 2086 0
KLA-TENCOR CORP COM 482480100 565 1615 SH PUT DEFINED 02 0 1615 0
KNIGHT TRANSN INC COM 499064103 328 13242 SH DEFINED 01 0 13242 0
KOREA ELECTRIC PWR SPONSORED ADR 500631106 232 17522 SH DEFINED 02 0 17522 0
KRAFT FOODS INC CL A 50075N104 298 8359 SH DEFINED 01 0 8359 0
KRISPY KREME DOUGHNUTS INC COM 501014104 216 1092 SH CALL DEFINED 02 0 1092 0
KT CORP SPONSORED ADR 48268K101 539 24700 SH DEFINED 02 0 24700 0
LAN AIRLINES S A SPONSORED ADR 501723100 365 11339 SH DEFINED 01 0 11339 0
LAUDER ESTEE COS INC CL A 518439104 321 7019 SH DEFINED 01 0 7019 0
LEHMAN BROS HLDGS INC COM 524908100 386 4414 SH DEFINED 01 0 4414 0
LILLY ELI & CO COM 532457108 478 8423 SH DEFINED 02 0 8423 0
LINDSAY MFG CO COM 535555106 203 7841 SH DEFINED 01 0 7841 0
LONGS DRUG STORES CORP COM 543162101 314 11394 SH DEFINED 01 0 11394 0
LUCENT TECHNOLOGIES INC COM 549463107 2766 735533 SH DEFINED 01 0 735533 0
LYONDELL CHEMICAL CO COM 552078107 690 23851 SH DEFINED 01 0 23851 0
MACROMEDIA INC COM 556100105 460 14771 SH DEFINED 02 0 14771 0
MAGNUM HUNTER RES INC COM PAR $0.002 55972F203 459 35568 SH DEFINED 02 0 35568 0
MANDALAY RESORT GROUP COM 562567107 6403 2253 SH CALL DEFINED 02 0 2253 0
MARSH & MCLENNAN COS INC COM 571748102 445 1981 SH CALL DEFINED 02 0 1981 0
MARSH & MCLENNAN COS INC COM 571748102 438 1245 SH PUT DEFINED 02 0 1245 0
MARTHA STEWART LIVING OMNIME CL A 573083102 1039 1369 SH CALL DEFINED 02 0 1369 0
MARTHA STEWART LIVING OMNIME CL A 573083102 228 941 SH PUT DEFINED 02 0 941 0
MATRITECH INC COM 576818108 17 15721 SH DEFINED 01 0 15721 0
MAXTOR CORP COM NEW 577729205 197 37187 SH DEFINED 01 0 37187 0
MCDATA CORP CL A 580031201 542 90901 SH DEFINED 02 0 90901 0
MCDATA CORP CL B 580031102 321 57043 SH DEFINED 02 0 57043 0
MCDONALDS CORP COM 580135101 238 7430 SH DEFINED 02 0 7430 0
MEADWESTVACO CORP COM 583334107 745 21992 SH DEFINED 01 0 21992 0
MEDICAL STAFFING NETWK HLDGS COM 58463F104 83 10100 SH DEFINED 02 0 10100 0
MEDTRONIC INC COM 585055106 1679 33809 SH DEFINED 01 0 33809 0
MERIDIAN RESOURCE CORP COM 58977Q109 241 39826 SH DEFINED 01 0 39826 0
MERRILL LYNCH & CO INC COM 590188108 16797 281023 SH DEFINED 02 0 281023 0
MERRILL LYNCH & CO INC COM 590188108 3471 4220 SH CALL DEFINED 02 0 4220 0
METRIS COS INC COM 591598107 758 2216 SH CALL DEFINED 02 0 2216 0
MGM MIRAGE COM 552953101 2812 38654 SH DEFINED 02 0 38654 0
MGM MIRAGE COM 552953101 610 804 SH CALL DEFINED 02 0 804 0
MICHAELS STORES INC COM 594087108 1245 41535 SH DEFINED 02 0 41535 0
MICHAELS STORES INC COM 594087108 208 367 SH CALL DEFINED 02 0 367 0
MIDCAP SPDR TR UNIT SER 1 595635103 18513 153000 SH DEFINED 02 0 153000 0
MIDCAP SPDR TR UNIT SER 1 595635103 1126 1010 SH CALL DEFINED 02 0 1010 0
MIDSOUTH BANCORP INC COM 598039105 218 8078 SH DEFINED 01 0 8078 0
MILACRON INC COM 598709103 80 23579 SH DEFINED 01 0 23579 0
MIRAMAR MINING CORP COM 60466E100 34 29977 SH DEFINED 01 0 29977 0
MONTPELIER RE HOLDINGS LTD SHS G62185106 214 5565 SH DEFINED 01 0 5565 0
MORGAN STANLEY COM NEW 617446448 868 15633 SH DEFINED 01 0 15633 0
MYLAN LABS INC COM 628530107 287 16220 SH DEFINED 01 0 16220 0
NATIONAL BK GREECE S A SPONSORED ADR 633643408 144 21405 SH DEFINED 02 0 21405 0
NEW CENTURY FINANCIAL CORP M COM 6435EV108 1452 22716 SH DEFINED 02 0 22716 0
NEW CENTURY FINANCIAL CORP M COM 6435EV108 234 356 SH CALL DEFINED 02 0 356 0
NEWALLIANCE BANCSHARES INC COM 650203102 172 11240 SH DEFINED 01 0 11240 0
NEWS CORP CL A 65248E104 17964 962702 SH DEFINED 01 0 962702 0
NEWS CORP CL B 65248E203 485 25285 SH DEFINED 01 0 25285 0
NIKE INC CL B 654106103 210 2319 SH DEFINED 01 0 2319 0
NITROMED INC COM 654798503 413 15480 SH DEFINED 02 0 15480 0
NOBLE CORPORATION SHS G65422100 571 11477 SH DEFINED 01 0 11477 0
NORTEL NETWORKS CORP NEW COM 656568102 2618 750000 SH DEFINED 01 0 750000 0
NORTHGATE MINERALS CORP COM 666416102 27 16112 SH DEFINED 01 0 16112 0
NOVEN PHARMACEUTICALS INC COM 670009109 200 11700 SH DEFINED 02 0 11700 0
NUCOR CORP COM 670346105 501 9573 SH DEFINED 01 0 9573 0
NYFIX INC COM 670712108 87 14053 SH DEFINED 02 0 14053 0
OCA INC COM 67083Q101 187 29460 SH DEFINED 01 0 29460 0
OFFICE DEPOT INC COM 676220106 564 32494 SH DEFINED 01 0 32494 0
OIL SVC HOLDRS TR DEPOSTRY RCPT 678002106 1387 16300 SH DEFINED 02 0 16300 0
OMI CORP NEW COM Y6476W104 375 22247 SH DEFINED 01 0 22247 0
OMNICOM GROUP INC COM 681919106 629 741 SH CALL DEFINED 02 0 741 0
OPEN JT STK CO-VIMPEL COMMUN SPONSORED ADR 68370R109 520 1760 SH CALL DEFINED 02 0 1760 0
OPEN JT STK CO-VIMPEL COMMUN SPONSORED ADR 68370R109 1060 29333 SH DEFINED 02 0 29333 0
OVERSTOCK COM INC DEL COM 690370101 623 736 SH CALL DEFINED 02 0 736 0
PACCAR INC COM 693718108 591 729 SH CALL DEFINED 02 0 729 0
PAR PHARMACEUTICAL COS INC COM 69888P106 842 20350 SH DEFINED 02 0 20350 0
PEACE ARCH ENTMT GROUP INC COM 704586304 26 36970 SH DEFINED 01 0 36970 0
PEDIATRIX MED GROUP COM 705324101 451 7036 SH DEFINED 01 0 7036 0
PENNEY J C INC COM 708160106 823 692 SH CALL DEFINED 02 0 692 0
PEPSICO INC COM 713448108 1724 33018 SH DEFINED 02 0 33018 0
PEPSICO INC COM 713448108 567 1988 SH CALL DEFINED 02 0 1988 0
PERFORMANCE FOOD GROUP CO COM 713755106 307 11414 SH DEFINED 02 0 11414 0
PERKINELMER INC COM 714046109 376 16708 SH DEFINED 02 0 16708 0
PETROCHINA CO LTD SPONSORED ADR 71646E100 230 4286 SH DEFINED 01 0 4286 0
PETSMART INC COM 716768106 1294 36413 SH DEFINED 02 0 36413 0
PFIZER INC COM 717081103 720 26790 SH DEFINED 02 0 26790 0
PFIZER INC COM 717081103 260 556 SH CALL DEFINED 02 0 556 0
PG&E CORP COM 69331C108 1248 1459 SH CALL DEFINED 02 0 1459 0
PG&E CORP COM 69331C108 808 24281 SH DEFINED 02 0 24281 0
PHARMACEUTICAL HLDRS TR DEPOSITRY RCPT 71712A206 3344 46000 SH DEFINED 02 0 46000 0
PHARMACEUTICAL HLDRS TR DEPOSITRY RCPT 71712A206 376 710 SH CALL DEFINED 02 0 710 0
PIER 1 IMPORTS INC COM 720279108 236 11963 SH DEFINED 01 0 11963 0
PLC SYS INC COM 69341D104 11 13749 SH DEFINED 01 0 13749 0
POWERSHARES ETF TRUST HI YLD EQ DVDN 73935X302 972 63656 SH DEFINED 02 0 63656 0
PRIDE INTL INC DEL COM 74153Q102 503 24476 SH DEFINED 02 0 24476 0
PROCTER & GAMBLE CO COM 742718109 4817 87462 SH DEFINED 02 0 87462 0
PROCTER & GAMBLE CO COM 742718109 575 1934 SH CALL DEFINED 02 0 1934 0
PROCTER & GAMBLE CO COM 742718109 228 2455 SH PUT DEFINED 02 0 2455 0
PROGRESS ENERGY INC COM 743263105 214 804 SH CALL DEFINED 02 0 804 0
PROLOGIS SH BEN INT 743410102 474 10929 SH DEFINED 01 0 10929 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 299 5772 SH DEFINED 01 0 5772 0
PULTE HOMES INC COM 745867101 1295 20302 SH DEFINED 02 0 20302 0
PULTE HOMES INC COM 745867101 2284 1476 SH CALL DEFINED 02 0 1476 0
PYR ENERGY CORP COM 693677106 29 26991 SH DEFINED 01 0 26991 0
QUALCOMM INC COM 747525103 704 772 SH CALL DEFINED 02 0 772 0
QWEST COMMUNICATIONS INTL IN COM 749121109 2751 619630 SH DEFINED 01 0 619630 0
RAYTHEON CO COM NEW 755111507 588 15155 SH DEFINED 02 0 15155 0
REPSOL YPF S A SPONSORED ADR 76026T205 574 22000 SH DEFINED 02 0 22000 0
RETAIL HOLDRS TR DEP RCPT 76127U101 730 7400 SH DEFINED 02 0 7400 0
REUNION INDS INC COM 761312107 16 45379 SH DEFINED 01 0 45379 0
RF MICRODEVICES INC COM 749941100 736 107611 SH DEFINED 02 0 107611 0
RICA FOODS INC COM NEW 762582203 52 10059 SH DEFINED 01 0 10059 0
SALTON INC COM 795757103 97 17094 SH DEFINED 01 0 17094 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 255 8665 SH DEFINED 01 0 8665 0
SBC COMMUNICATIONS INC COM 78387G103 5297 205547 SH DEFINED 01 0 205547 0
SCHLUMBERGER LTD COM 806857108 4016 59987 SH DEFINED 01 0 59987 0
SCHWAB CHARLES CORP NEW COM 808513105 182 15196 SH DEFINED 02 0 15196 0
SCICLONE PHARMACEUTICALS INC COM 80862K104 270 73082 SH DEFINED 02 0 73082 0
SEAGATE TECHNOLOGY SHS G7945J104 1051 60880 SH DEFINED 01 0 60880 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 927 30319 SH DEFINED 02 0 30319 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 519 11998 SH PUT DEFINED 02 0 11998 0
SELECT SECTOR SPDR TR SBI INT-TECH 81369Y803 399 18871 SH DEFINED 02 0 18871 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 2553 70300 SH DEFINED 02 0 70300 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 293 12700 SH DEFINED 02 0 12700 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 209 7296 SH PUT DEFINED 02 0 7296 0
SEMICONDUCTOR HLDRS TR DEP RCPT 816636203 3551 106400 SH DEFINED 02 0 106400 0
SEMICONDUCTOR HLDRS TR DEP RCPT 816636203 973 4338 SH CALL DEFINED 02 0 4338 0
SEMICONDUCTOR HLDRS TR DEP RCPT 816636203 433 3557 SH PUT DEFINED 02 0 3557 0
SEPRACOR INC COM 817315104 3573 60175 SH DEFINED 02 0 60175 0
SEPRACOR INC COM 817315104 7375 3119 SH CALL DEFINED 02 0 3119 0
SERVICEMASTER CO COM 81760N109 208 15100 SH DEFINED 01 0 15100 0
SHANDA INTERACTIVE ENTMT LTD SPONSORED ADR 81941Q203 621 870 SH CALL DEFINED 02 0 870 0
SHELL TRANS & TRADING PLC ADR NY SHS NEW 822703609 1593 31000 SH DEFINED 02 0 31000 0
SIMON PPTY GROUP INC NEW COM 828806109 453 7011 SH DEFINED 01 0 7011 0
SIMON PPTY GROUP INC NEW COM 828806109 252 3900 SH DEFINED 02 0 3900 0
SINGING MACH INC COM NEW 829322304 24 34926 SH DEFINED 01 0 34926 0
SOCIEDAD QUIMICA MINERA DE C SPON ADR SER B 833635105 534 8625 SH DEFINED 02 0 8625 0
SOFTWARE HOLDRS TR DEPOSITRY RCPT 83404B103 2817 70000 SH DEFINED 02 0 70000 0
SONUS NETWORKS INC COM 835916107 279 48710 SH DEFINED 02 0 48710 0
SOUTHERN CO COM 842587107 516 15388 SH DEFINED 02 0 15388 0
SPDR TR UNIT SER 1 78462F103 2417 20000 SH DEFINED 02 0 20000 0
SPX CORP COM 784635104 1548 38645 SH DEFINED 02 0 38645 0
SPX CORP COM 784635104 250 401 SH PUT DEFINED 02 0 401 0
ST JUDE MED INC COM 790849103 790 18835 SH DEFINED 01 0 18835 0
STARBUCKS CORP COM 855244109 524 121 SH CALL DEFINED 02 0 121 0
STATE STR CORP COM 857477103 631 12846 SH DEFINED 01 0 12846 0
STONE ENERGY CORP COM 861642106 264 5852 SH DEFINED 02 0 5852 0
STREETTRACKS INDEX SHS FDS DJ EURO STX 50 863308201 801 20000 SH DEFINED 02 0 20000 0
STREETTRACKS SER TR FORTUNE 500 86330E885 275 3200 SH DEFINED 02 0 3200 0
SUN MICROSYSTEMS INC COM 866810104 55 10147 SH DEFINED 02 0 10147 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 510 60114 SH DEFINED 01 0 60114 0
TECH DATA CORP COM 878237106 283 472 SH CALL DEFINED 02 0 472 0
TELEPHONE & DATA SYS INC COM 879433100 1941 25227 SH DEFINED 02 0 25227 0
TENGASCO INC COM NEW 88033R205 11 41613 SH DEFINED 01 0 41613 0
TETON PETE CO COM NEW 88162A205 39 25435 SH DEFINED 01 0 25435 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 404 13516 SH DEFINED 02 0 13516 0
TEXAS INDS INC COM 882491103 560 8974 SH DEFINED 01 0 8974 0
TIME WARNER INC COM 887317105 271 13946 SH DEFINED 02 0 13946 0
TOWER AUTOMOTIVE INC COM 891707101 99 41283 SH DEFINED 01 0 41283 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 202 223 SH CALL DEFINED 02 0 223 0
TRIBUNE CO NEW COM 896047107 820 19459 SH DEFINED 01 0 19459 0
TYCO INTL LTD NEW COM 902124106 715 19997 SH DEFINED 01 0 19997 0
TYSON FOODS INC CL A 902494103 341 18533 SH DEFINED 01 0 18533 0
UIL HLDG CORP COM 902748102 242 4709 SH DEFINED 01 0 4709 0
ULTRA PETROLEUM CORP COM 903914109 8811 183059 SH DEFINED 02 0 183059 0
ULTRA PETROLEUM CORP COM 903914109 1334 1192 SH CALL DEFINED 02 0 1192 0
UNITED MICROELECTRONICS CORP SPONSORED ADR 910873207 388 109953 SH DEFINED 01 0 109953 0
UNITED MICROELECTRONICS CORP SPONSORED ADR 910873207 63 17727 SH DEFINED 02 0 17727 0
UNITED NAT FOODS INC COM 911163103 252 8112 SH DEFINED 02 0 8112 0
UNITED PARCEL SERVICE INC CL B 911312106 276 3230 SH DEFINED 01 0 3230 0
UNITED PARCEL SERVICE INC CL B 911312106 282 3294 SH DEFINED 02 0 3294 0
UNITED STATES STL CORP NEW COM 912909108 228 200 SH CALL DEFINED 02 0 200 0
UNIVERSAL TECHNICAL INST INC COM 913915104 311 8155 SH DEFINED 01 0 8155 0
UNOCAL CORP COM 915289102 256 791 SH CALL DEFINED 02 0 791 0
UNOCAL CORP COM 915289102 304 7026 SH DEFINED 02 0 7026 0
VALASSIS COMMUNICATIONS INC COM 918866104 266 7600 SH DEFINED 02 0 7600 0
VALERO ENERGY CORP NEW COM 91913Y100 728 224 SH CALL DEFINED 02 0 224 0
VANGUARD INDEX TR EXT MKT VIPERS 922908652 820 9900 SH DEFINED 02 0 9900 0
VANGUARD INDEX TR MID CAP VIPERS 922908629 206 3600 SH DEFINED 02 0 3600 0
VANGUARD INDEX TR SMLL CP VIPERS 922908751 338 6000 SH DEFINED 02 0 6000 0
VARCO INTL INC DEL COM 922122106 383 13123 SH DEFINED 02 0 13123 0
VIACOM INC CL A 925524100 268 7235 SH DEFINED 01 0 7235 0
VIRAGEN INC COM NEW 927638403 13 13452 SH DEFINED 01 0 13452 0
VISHAY INTERTECHNOLOGY INC COM 928298108 218 521 SH PUT DEFINED 02 0 521 0
WACHOVIA CORP 2ND NEW COM 929903102 856 16267 SH DEFINED 01 0 16267 0
WACHOVIA CORP 2ND NEW COM 929903102 290 5505 SH DEFINED 02 0 5505 0
WASHINGTON POST CO CL B 939640108 348 354 SH DEFINED 01 0 354 0
WASTE MGMT INC DEL COM 94106L109 286 9563 SH DEFINED 01 0 9563 0
WATSON PHARMACEUTICALS INC COM 942683103 222 6766 SH DEFINED 01 0 6766 0
WEATHERFORD INTERNATIONAL LT COM G95089101 253 774 SH CALL DEFINED 02 0 774 0
WEBMD CORP COM 94769M105 99 12107 SH DEFINED 02 0 12107 0
WELLS FARGO & CO NEW COM 949746101 387 6222 SH DEFINED 01 0 6222 0
WESTERN WIRELESS CORP CL A 95988E204 552 1492 SH CALL DEFINED 02 0 1492 0
WHITE MTNS INS GROUP LTD COM G9618E107 469 726 SH DEFINED 01 0 726 0
WILLIAMS SONOMA INC COM 969904101 1286 36691 SH DEFINED 02 0 36691 0
WINNEBAGO INDS INC COM 974637100 313 8001 SH DEFINED 01 0 8001 0
WIRELESS TELECOM GROUP INC COM 976524108 95 33290 SH DEFINED 01 0 33290 0
WYNDHAM INTL INC CL A 983101106 36 30394 SH DEFINED 01 0 30394 0
YAHOO INC COM 984332106 365 9676 SH DEFINED 02 0 9676 0
YORK INTL CORP NEW COM 986670107 498 14423 SH DEFINED 01 0 14423 0
ZIMMER HLDGS INC COM 98956P102 1167 14567 SH DEFINED 01 0 14567 0