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
Estimated average burden
hours per response: 23.8
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
AFFIMED NV COM N01045108 131 72,786 SH   SOLE   24,786 0 48,000
AK Steel Holding Corp COM 001547108 582 57,000 SH Put SOLE   0 0 57,000
ALLEGIANT TRAVEL CO COM 01748X102 5,722 34,390 SH   SOLE   34,245 0 145
ALLIANCE DATA SYS CORP COM COM 018581108 27,238 119,204 SH   SOLE   112,508 0 6,696
ALLIANCE DATA SYS CORP COM COM 018581108 229 1,000 SH Call SOLE   1,000 0 0
ALLY FINACIAL INC COM 02005N100 890 46,800 SH Put SOLE   0 0 46,800
AMERICAN AXLE & MFG COM COM 024061103 467 24,200 SH   SOLE   6,200 0 18,000
AMERICAN CAPITAL LTD COM 02503Y103 190 10,600 SH   SOLE   2,600 0 8,000
Annaly Capital Management COM 035710409 2,317 232,425 SH   SOLE   131,610 0 100,815
Apple Computer Inc. COM 037833100 17,259 149,012 SH   SOLE   140,969 0 8,043
Apple Computer Inc. COM 037833100 116 1,000 SH Call SOLE   1,000 0 0
Avon Products, Inc. COM 054303102 287 57,000 SH Put SOLE   0 0 57,000
BELLATRIX EXPLORATION COM COM 078314101 565 598,265 SH   SOLE   595,520 0 2,745
BIOGEN IDEC INC COM COM 09062X103 6,601 23,279 SH   SOLE   21,399 0 1,880
BIOGEN IDEC INC COM COM 09062X103 851 3,000 SH Call SOLE   600 0 2,400
BRISTOL-MEYERS SQUIBB CO COM 110122108 10,458 178,961 SH   SOLE   168,831 0 10,130
Bank of America Corp COM 060505104 663 30,000 SH Call SOLE   6,000 0 24,000
CAMECO CORP COM COM 13321L108 5,773 551,392 SH   SOLE   510,102 0 41,290
CANADIAN NAT RES LTD COM COM 136385101 797 25,000 SH Put SOLE   0 0 25,000
CELANESE CORP-SERIES A COM 150870103 9,655 122,620 SH   SOLE   113,960 0 8,660
CELGENE CORP COM COM 151020104 8,414 72,688 SH   SOLE   66,478 0 6,210
CELGENE CORP COM COM 151020104 347 3,000 SH Call SOLE   600 0 2,400
COMMUNITY HEALTH SYS INC NEW COM 203668108 2,082 372,415 SH   SOLE   347,255 0 25,160
Cisco Systems Inc COM 17275R102 393 13,000 SH Call SOLE   3,000 0 10,000
Cisco Systems Inc COM 17275R102 181 6,000 SH Call SOLE   1,200 0 4,800
Delta Air Lines COM 247361702 6,541 132,970 SH   SOLE   125,125 0 7,845
FLYHT AEROSPACE SOLUTI COM COM 30252U105 4 22,000 SH   SOLE   22,000 0 0
Federated Invs. PA CL B COM 314211103 8,480 299,866 SH   SOLE   277,801 0 22,065
Ford Motor Company COM 345370860 1,334 110,000 SH Put SOLE   0 0 110,000
GAMESTOP CORP NEW CL A COM 36467W109 6,647 263,124 SH   SOLE   240,814 0 22,310
GENERAL GROWTH PROPERTIES COM 370023103 1,187 47,500 SH Put SOLE   0 0 47,500
GILEAD SCIENCES INC COM COM 375558103 15,253 212,995 SH   SOLE   201,520 0 11,475
GILEAD SCIENCES INC COM COM 375558103 487 6,800 SH Call SOLE   1,800 0 5,000
GILEAD SCIENCES INC COM COM 375558103 229 3,200 SH Call SOLE   800 0 2,400
GILEAD SCIENCES INC COM COM 375558103 329 4,600 SH Call SOLE   1,800 0 2,800
GILEAD SCIENCES INC COM COM 375558103 14 200 SH Call SOLE   200 0 0
GOLAR LNG LTD COM G9456A100 402 17,510 SH   SOLE   5,510 0 12,000
General Motors Co. COM 37045V100 223 6,400 SH Call SOLE   1,600 0 4,800
HANESBRANDS INC COM COM 410345102 10,049 465,876 SH   SOLE   431,631 0 34,245
HCP INC COM COM 40414L109 535 18,000 SH Put SOLE   0 0 18,000
Halliburton Co. COM 406216101 5,409 100,000 SH   SOLE   100,000 0 0
KINDER MORGAN INC COM 49456B101 302 14,570 SH   SOLE   3,880 0 10,690
LANNETT INC COM COM 516012101 11,122 504,379 SH   SOLE   444,734 0 59,645
LENNAR CORP CL A COM 526057104 348 8,100 SH Call SOLE   1,800 0 6,300
LYONDELLBASELL INDUSTR SHS - A COM N53745100 223 2,600 SH   SOLE   200 0 2,400
MACROGENICS INC COM COM 556099109 262 12,803 SH   SOLE   5,003 0 7,800
MCKESSON CORP COM COM 58155Q103 10,080 71,767 SH   SOLE   66,612 0 5,155
Microsoft Corp COM 594918104 14,479 233,013 SH   SOLE   220,918 0 12,095
Morgan Stanley COM 617446448 275 6,505 SH   SOLE   1,505 0 5,000
NAVIENT CORP COM COM 63938C108 641 39,000 SH Put SOLE   0 0 39,000
ON SEMICONDUCTOR CORP COM COM 682189105 15,899 1,246,005 SH   SOLE   1,175,470 0 70,535
PENNEY J C INC COM COM 708160106 499 60,000 SH Put SOLE   0 0 60,000
Pfizer Inc COM 717081103 1,104 33,984 SH   SOLE   17,674 0 16,310
Pulte Homes, Inc. COM 745867101 239 13,000 SH Call SOLE   3,000 0 10,000
QUORUM HEALTH CORP COM 74909E106 133 18,273 SH   SOLE   11,989 0 6,284
REX ENERGY CORP COM 761565100 304 644,869 SH   SOLE   541,359 0 103,510
Rush Enterprises CLA COM 781846209 12,282 385,002 SH   SOLE   385,002 0 0
Rush Enterprises CLB COM 781846308 2,998 97,112 SH   SOLE   86,542 0 10,570
SPIRIT AIRLS INC COM COM 848577102 10,564 182,585 SH   SOLE   169,505 0 13,080
SPRINT NEXTEL CORP COM 852061100 480 57,000 SH Put SOLE   0 0 57,000
Schlumberger Ltd COM 806857108 6,193 73,771 SH   SOLE   65,146 0 8,625
TENCENT HOLDINGS LTD-UNS ADR COM 88032Q109 6,054 249,971 SH   SOLE   231,683 0 18,288
TESLA MOTORS INC COM 88160R101 641 3,000 SH Put SOLE   0 0 3,000
TEVA PHARMACEUTCL INDS ADR COM 881624209 8,696 239,889 SH   SOLE   216,540 0 23,349
TRI POINTE GROUP INC COM COM 87265H109 298 26,000 SH Call SOLE   6,000 0 20,000
UNIVERSAL DISPLAY CORP COM COM 91347P105 4,237 75,260 SH   SOLE   71,675 0 3,585
UnitedHealth Group Inc. COM 91324P102 9,458 59,095 SH   SOLE   54,925 0 4,170
VIACOM INC-CLASS B COM 92553P201 491 14,000 SH Put SOLE   0 0 14,000
VORNADO RLTY TR SH BEN INT COM 929042109 2,192 21,000 SH Put SOLE   0 0 21,000
WCI CMNTYS INC COM PAR $0.01 COM 92923C807 9,540 406,805 SH   SOLE   356,860 0 49,945
WEATHERFORD INTL PLC ORD SHS COM G48833100 222 44,500 SH Call SOLE   11,500 0 33,000
Williams Cos. Inc. COM 969457100 467 15,000 SH Put SOLE   0 0 15,000
ALLIANCEBERNSTEIN HLDG UNIT LT MLP 01881G106 283 12,050 SH   SOLE   4,050 0 8,000
BOARDWALK PIPELIN PTNR UT LTD MLP 096627104 941 54,200 SH   SOLE   14,200 0 40,000
DYNAGAS LNG PARTNERS L COM UNI MLP Y2188B108 3,307 206,937 SH   SOLE   193,092 0 13,845
ENERGY TRANSFER PRTNRS UNIT LT MLP 29273R109 410 11,440 SH   SOLE   3,440 0 8,000
GASLOG PARTNERS LP UNIT LTD PT MLP Y2687W108 2,939 142,995 SH   SOLE   115,985 0 27,010
GOLAR LNG PARTNERS LP COM UNIT MLP Y2745C102 6,292 261,710 SH   SOLE   241,205 0 20,505
PLAINS ALL AMERN PIPEL UNIT LT MLP 726503105 840 26,000 SH Put SOLE   0 0 26,000
DIANA SHIPPING INC PERP PFD SE PFD Y2066G112 515 31,400 SH   SOLE   10,900 0 20,500
POWERSHARES BUYBACK ACHIEVERS ETF 73935X286 1,842 36,510 SH   SOLE   23,505 0 13,005
SPDR GOLD TRUST GOLD SHS ETF 78463V107 9,366 85,445 SH   SOLE   79,405 0 6,040