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 CALL 02376R102 5,717 135,000 SH Call SOLE   135,000 0 0
CALLAWAY GOLF CO COM 131193104 4,286 455,000 SH   SOLE   455,000 0 0
CBRE GROUP INC CL A 12504L109 6,771 195,800 SH   SOLE   195,800 0 0
CBRE GROUP INC PUT 12504L109 6,771 195,800 SH Put SOLE   195,800 0 0
COUSINS PPTYS INC COM 222795106 1,990 211,000 SH   SOLE   211,000 0 0
D R HORTON INC COM 23331A109 1,704 53,200 SH   SOLE   53,200 0 0
D R HORTON INC COM 23331A109 1,704 53,200 SH Call SOLE   53,200 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 2,737 54,000 SH   SOLE   54,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 6,103 120,400 SH Call SOLE   120,400 0 0
DIAMOND RESORTS INTL INC COM 25272T104 791 31,000 SH Call SOLE   31,000 0 0
DIAMOND RESORTS INTL INC COM 25272T104 6,413 251,400 SH   SOLE   251,400 0 0
EXPEDIA INC DEL COM NEW 30212P303 4,823 38,800 SH Put SOLE   38,800 0 0
EXPEDIA INC DEL COM NEW 30212P303 4,823 38,800 SH   SOLE   38,800 0 0
EXPEDIA INC DEL COM NEW 30212P303 12,604 101,400 SH Call SOLE   101,400 0 0
EXTRA SPACE STORAGE INC COM 30225T102 2,435 27,600 SH   SOLE   27,600 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 1,790 65,800 SH   SOLE   65,800 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 1,790 65,800 SH Put SOLE   65,800 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A104 1,511 70,600 SH   SOLE   70,600 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A104 1,511 70,600 SH Put SOLE   70,600 0 0
HOME DEPOT INC COM 437076102 1,693 12,800 SH   SOLE   12,800 0 0
HOME DEPOT INC COM 437076102 1,693 12,800 SH Put SOLE   12,800 0 0
HOST HOTELS & RESORTS INC COM 44107P104 5,176 337,400 SH Put SOLE   337,400 0 0
HOST HOTELS & RESORTS INC COM 44107P104 5,176 337,400 SH   SOLE   337,400 0 0
JONES LANG LASALLE INC COM 48020Q107 1,663 10,400 SH   SOLE   10,400 0 0
JONES LANG LASALLE INC COM 48020Q107 1,663 10,400 SH Put SOLE   10,400 0 0
LENNAR CORP CL A 526057104 1,614 33,000 SH   SOLE   33,000 0 0
LENNAR CORP CL A 526057104 1,614 33,000 SH Put SOLE   33,000 0 0
LOWES COS INC COM 548661107 1,673 22,000 SH   SOLE   22,000 0 0
LOWES COS INC COM 548661107 1,673 22,000 SH Put SOLE   22,000 0 0
MARRIOTT INTL INC NEW CL A 571903202 6,731 100,400 SH   SOLE   100,400 0 0
MARRIOTT INTL INC NEW CL A 571903202 6,731 100,400 SH Put SOLE   100,400 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 750 63,500 SH   SOLE   63,500 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 3,244 190,500 SH   SOLE   190,500 0 0
PRICELINE GRP INC COM NEW 741503403 1,785 1,400 SH Put SOLE   1,400 0 0
PRICELINE GRP INC COM NEW 741503403 1,785 1,400 SH   SOLE   1,400 0 0
REALOGY HLDGS CORP COM 75605Y106 1,496 40,800 SH   SOLE   40,800 0 0
REALOGY HLDGS CORP COM 75605Y106 1,496 40,800 SH Put SOLE   40,800 0 0
RMR GROUP INC CL A 74967R106 1,393 96,693 SH   SOLE   96,693 0 0
SIMON PPTY GROUP INC NEW COM 828806109 3,850 19,800 SH   SOLE   19,800 0 0
SIMON PPTY GROUP INC NEW COM 828806109 3,850 19,800 SH Put SOLE   19,800 0 0
STARWOOD HOTELS&RESORTS WRLD COM 85590A401 10,309 148,800 SH Call SOLE   148,800 0 0
TOLL BROTHERS INC COM 889478103 5,554 166,800 SH   SOLE   166,800 0 0
TOLL BROTHERS INC COM 889478103 5,554 166,800 SH Put SOLE   166,800 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 1,598 22,000 SH   SOLE   22,000 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 5,202 71,600 SH Call SOLE   71,600 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 1,598 22,000 SH Put SOLE   22,000 0 0
XENIA HOTELS & RESORTS INC COM 984017103 1,784 116,400 SH   SOLE   116,400 0 0