The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AXIALL CORP COM 05463D100 46,606 992,889 SH   SOLE N/A 992,889 0 0
BANK OF AMERICA CORPORATION COM 060505104 10,004 650,000 SH   SOLE N/A 650,000 0 0
CHICAGO BRIDGE & IRON CO N V N Y REGISTRY SH 167250109 58,957 1,196,848 SH   SOLE N/A 1,196,848 0 0
D R HORTON INC COM 23331A109 30,784 1,080,898 SH   SOLE N/A 1,080,898 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 210,032 4,671,539 SH   SOLE N/A 4,671,539 0 0
EASTMAN CHEM CO COM 277432100 63,077 910,729 SH   SOLE N/A 910,729 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 5,273 190,011 SH   SOLE N/A 190,011 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 3,734 190,011 SH   SOLE N/A 190,011 0 0
GENERAL MTRS CO COM 37045V100 573,606 15,296,165 SH   SOLE N/A 15,296,165 0 0
GENERAL MTRS CO COM 37045V100 113,869 3,036,500 SH Call SOLE N/A 3,036,500 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 270,459 9,987,416 SH   SOLE N/A 9,987,416 0 0
GOOGLE INC CL A 38259P508 189,950 342,437 SH   SOLE N/A 342,437 0 0
GOOGLE INC CL C 38259P706 223,549 407,937 SH   SOLE N/A 407,937 0 0
GOOGLE INC CL C 38259P706 27,325 50,000 SH Call SOLE N/A 50,000 0 0
HCA HOLDINGS INC COM 40412C101 369,122 4,906,582 SH   SOLE N/A 4,906,582 0 0
HD SUPPLY HLDGS INC COM 40416M105 88,557 2,842,471 SH   SOLE N/A 2,842,471 0 0
HUNTSMAN CORP COM 447011107 179,199 8,082,950 SH   SOLE N/A 8,082,950 0 0
JETBLUE AIRWAYS CORP COM 477143101 91,055 4,730,125 SH   SOLE N/A 4,730,125 0 0
KBR INC COM 48242W106 24,628 1,700,802 SH   SOLE N/A 1,700,802 0 0
LENNAR CORP CL A 526057104 31,603 609,988 SH   SOLE N/A 609,988 0 0
LORILLARD INC COM 544147101 55,129 843,600 SH   SOLE N/A 843,600 0 0
MASCO CORP COM 574599106 115,101 4,310,909 SH   SOLE N/A 4,310,909 0 0
MICRON TECHNOLOGY INC COM 595112103 96,399 3,553,207 SH   SOLE N/A 3,553,207 0 0
MOHAWK INDS INC COM 608190104 37,486 201,807 SH   SOLE N/A 201,807 0 0
NXP SEMICONDUCTORS N V COM N6596X109 183,419 1,827,609 SH   SOLE N/A 1,827,609 0 0
OWENS CORNING NEW COM 690742101 127,380 2,935,026 SH   SOLE N/A 2,935,026 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 413,223 3,913,100 SH Call SOLE N/A 3,913,100 0 0
PRICELINE COM INC COM NEW 741503403 358,528 307,974 SH   SOLE N/A 307,974 0 0
REGIONS FINL CORP NEW COM 7591EP100 48,591 5,141,898 SH   SOLE N/A 5,141,898 0 0
RYLAND GROUP INC COM 783764103 35,863 735,809 SH   SOLE N/A 735,809 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 4,718 22,854 SH   SOLE N/A 22,854 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 928,935 4,500,000 SH Call SOLE N/A 4,500,000 0 0
TEREX CORP NEW COM 880779103 42,632 1,603,306 SH   SOLE N/A 1,603,306 0 0
TRIUMPH GROUP INC NEW COM 896818101 49,703 832,270 SH   SOLE N/A 832,270 0 0
U S G CORP COM NEW 903293405 50,539 1,892,842 SH   SOLE N/A 1,892,842 0 0
UNITED CONTL HLDGS INC COM 910047109 266,880 3,968,469 SH   SOLE N/A 3,968,469 0 0
UNITED RENTALS INC COM 911363109 46,860 514,046 SH   SOLE N/A 514,046 0 0
WHIRLPOOL CORP COM 963320106 228,791 1,132,293 SH   SOLE N/A 1,132,293 0 0