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
AMERICAN AIRLS GROUP INC COM 02376R102 1,165 30,000 SH   SOLE   14,700 0 15,300
CABOT OIL & GAS CORP COM 127097103 3,167 144,880 SH   SOLE   78,900 0 65,980
CABOT OIL & GAS CORP COM 127097103 437 20,000 SH Call SOLE   10,700 0 9,300
CHESAPEAKE ENERGY CORP COM 165167107 3,163 431,461 SH   SOLE   176,250 0 255,211
CHESAPEAKE ENERGY CORP COM 165167107 1,337 182,400 SH Call SOLE   182,400 0 0
COMSTOCK RES INC COM NEW 205768203 1,444 755,783 SH   SOLE   382,822 0 372,961
CORNING INC COM 219350105 685 40,000 SH   SOLE   21,500 0 18,500
DELTA AIR LINES INC DEL COM NEW 247361702 14,546 324,178 SH   SOLE   175,000 0 149,178
DELTA AIR LINES INC DEL COM NEW 247361702 1,351 30,100 SH Call SOLE   17,600 0 12,500
ENSCO PLC SHS CLASS A G3157S106 1,627 115,524 SH   SOLE   62,420 0 53,104
EOG RES INC COM 26875P101 1,383 19,000 SH   SOLE   12,000 0 7,000
HOLLYFRONTIER CORP COM 436106108 3,337 68,323 SH   SOLE   38,960 0 29,363
ISHARES TR RUSSELL 2000 ETF 464287655 1,092 10,000 SH Put SOLE   6,700 0 3,300
MICHAEL KORS HLDGS LTD SHS G60754101 1,478 35,000 SH   SOLE   18,800 0 16,200
MICRON TECHNOLOGY INC COM 595112103 9,293 620,359 SH   SOLE   307,800 0 312,559
MICRON TECHNOLOGY INC COM 595112103 4,794 320,000 SH Call SOLE   212,200 0 107,800
NEWFIELD EXPL CO COM 651290108 1,926 58,538 SH   SOLE   38,700 0 19,838
NXP SEMICONDUCTORS N V COM N6596X109 1,415 16,250 SH   SOLE   8,650 0 7,600
PHILLIPS 66 COM 718546104 2,190 28,500 SH   SOLE   15,300 0 13,200
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 1,628 16,000 SH Put SOLE   10,800 0 5,200
SALESFORCE COM INC COM 79466L302 597 8,600 SH Put SOLE   6,200 0 2,400
SEAGATE TECHNOLOGY PLC SHS G7945M107 5,344 119,287 SH   SOLE   62,300 0 56,987
SEAGATE TECHNOLOGY PLC SHS G7945M107 717 16,000 SH Call SOLE   11,200 0 4,800
SUNPOWER CORP COM 867652406 982 48,985 SH   SOLE   24,397 0 24,588
TELENAV INC COM 879455103 1,691 216,500 SH   SOLE   0 0 216,500
T MOBILE US INC COM 872590104 5,352 134,440 SH   SOLE   75,100 0 59,340
UBIQUITI NETWORKS INC COM 90347A100 7,442 219,601 SH   SOLE   116,021 0 103,580
UBIQUITI NETWORKS INC COM 90347A100 847 25,000 SH Call SOLE   17,500 0 7,500
UNITED CONTL HLDGS INC COM 910047109 4,562 86,000 SH   SOLE   44,100 0 41,900
VALERO ENERGY CORP NEW COM 91913Y100 751 12,500 SH   SOLE   8,400 0 4,100
WESTERN DIGITAL CORP COM 958102105 8,246 103,799 SH   SOLE   52,750 0 51,049
WESTERN DIGITAL CORP COM 958102105 2,224 28,000 SH Call SOLE   20,700 0 7,300