0001104186-11-000002.txt : 20110502 0001104186-11-000002.hdr.sgml : 20110502 20110502154424 ACCESSION NUMBER: 0001104186-11-000002 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110502 DATE AS OF CHANGE: 20110502 EFFECTIVENESS DATE: 20110502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASTERS CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001104186 IRS NUMBER: 582440923 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05511 FILM NUMBER: 11800439 BUSINESS ADDRESS: STREET 1: PO BOX 224229 CITY: CHRISTIANSTED STATE: VI ZIP: 00822 BUSINESS PHONE: 3406925102 MAIL ADDRESS: STREET 1: PO BOX 224229 CITY: CHRISTIANSTED STATE: VI ZIP: 00822 13F-HR 1 t13f-0311.txt FORM 13F - HOLDINGS REPORT Data Field Information: TYPE 13F-HR PERIOD 03/31/11 FILER CIK 0001104186 CCC mezun#8z SUBMISSION-CONTACT NAME Michelle Dobbins PHONE 404-760-3427 UNITED STATES SECRITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 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: Masters Capital Mgmt, LLC Address: 3060 Peachtree Road NW, Ste 1425 Atlanta, GA 30305 13F File Number: 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 submission. Person Signing this Report on Behalf of Reporting Manager: Name: Mike Masters Title: Managing Member Phone: 404-364-2019 Signature, Place, and Date of Signing: Mike Masters Atlanta, GA May 2, 2011 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 32 Form 13F Information Table Value Total: 502,475 FORM 13F INFORMATION TABLE TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN SOLE SHARED NONE CREE INC COM 225447101 23,080 500,000 SH CALL SOLE 500,000 0 0 CREE INC COM 225447101 23,080 500,000 SH CALL SOLE 500,000 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 9,800 1,000,000 SH SOLE 1,000,000 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 9,800 1,000,000 SH CALL SOLE 1,000,000 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 9,800 1,000,000 SH CALL SOLE 1,000,000 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 9,800 1,000,000 SH CALL SOLE 1,000,000 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 9,800 1,000,000 SH CALL SOLE 1,000,000 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 7,455 500,000 SH CALL SOLE 500,000 0 0 GENERAL MTRS CO COM 37045V100 13,964 450,000 SH CALL SOLE 450,000 0 0 GENERAL MTRS CO COM 37045V100 15,515 500,000 SH CALL SOLE 500,000 0 0 GENON ENERGY INC COM 37244E107 1,905 500,000 SH SOLE 500,000 0 0 GOOGLE INC CL A 38259P508 58,676 100,000 SH CALL SOLE 100,000 0 0 GOOGLE INC CL A 38259P508 58,676 100,000 SH CALL SOLE 100,000 0 0 HARRIS & HARRIS GROUP INC COM 413833104 572 106,334 SH SOLE 106,334 0 0 KKR FINANCIAL HLDGS LLC COM 48248A306 9,798 1,000,800 SH SOLE 1,000,800 0 0 MARATHON OIL CORP COM 565849106 53,310 1,000,000 SH CALL SOLE 1,000,000 0 0 MEMC ELECTR MATLS INC COM 552715104 1,296 100,000 SH SOLE 100,000 0 0 MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 9,200 2,000,000 SH SOLE 2,000,000 0 0 NABORS INDUSTRIES LTD SHS G6359F103 15,190 500,000 SH CALL SOLE 500,000 0 0 NEOPHOTONICS CORP COM 64051T100 7,917 700,000 SH SOLE 700,000 0 0 NORFOLK SOUTHERN CORP COM 655844108 34,635 500,000 SH CALL SOLE 500,000 0 0 PACCAR INC COM 693718108 20,944 400,000 SH CALL SOLE 400,000 0 0 SUNTRUST BKS INC COM 867914103 7,210 250,000 SH SOLE 250,000 0 0 SUNTRUST BKS INC COM 867914103 14,420 500,000 SH CALL SOLE 500,000 0 0 SWIFT TRANSN CO CL A 87074U101 5,880 400,000 SH SOLE 400,000 0 0 TESLA MTRS INC COM 88160R101 2,775 100,000 SH SOLE 100,000 0 0 TESLA MTRS INC COM 88160R101 2,775 100,000 SH CALL SOLE 100,000 0 0 TESLA MTRS INC COM 88160R101 6,938 250,000 SH CALL SOLE 250,000 0 0 U S AIRWAYS GROUP INC COM 90341W108 8,710 1,000,000 SH CALL SOLE 1,000,000 0 0 UNITED CONTL HLDGS INC COM 910047109 17,243 750,000 SH CALL SOLE 750,000 0 0 UNITED CONTL HLDGS INC COM 910047109 22,990 1,000,000 SH CALL SOLE 1,000,000 0 0 WESTERN REFNG INC COM 959319104 9,323 550,000 SH CALL SOLE 550,000 0 0