There is a lot to be said for the statement when in Rome - do as the Romans do. My solution is only one of three, though i have used all at this intersection under different circumstances.

1. Jump the red
2. Dismount and walk cross-walk
3. Stop near curb at other side(I would be required to cycle into the cross-walk at some point)

#1 Is the fastest, though you may get ticketed. (So far most motorists seem happy I am simply out of their way and could care less if i jumped the light. I am also happy to be out of their way.)
#2 Is time consuming... even walking i would have to jog across the intersection with bicycle in hand
#3 Sounds a bit dangerous because you're exposed on the corner(if a left turner hit somebody going straight you're in the kill zone) and also not good if somebody on the cross-street is turning right.

If you're in possession of the optimal solution, myrridin get off your high horse and post it.

To the people who think crossing this intersection is easy and being passed is no problem, I want to remind them it's misaligned with one narrow lane each side(worse now with snow banks and deeply recessed sewer grates) with lots of left-turners on the other side. The oncoming left-turners immediately move into the intersection and being to creep left once the light turns, further narrowing the traffic lane. This means most people who decide to pass me will have to engage in significant weaving motions. Scary because people can't drive. Taking the lane results in frequently being passed in an even more aggressive manner. I'm sure if I really "took the lane" i'd be passed on the left. A while ago I began to filter-forward because traffic is piled up pretty good and if i don't filter close enough to the intersection i'll usually be right-hooked at the last moment because the distance between the stop-line and the end of the queue is long enough to allow people to get going 50km/h plus.

In short, have no doubt, it's a dangerous intersection.