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
ISHARES TR IBOXX HI YD ETF 464288513 25,221 309,000 SH Put SOLE   309,000 0 0
SOUTHWEST AIRLS CO NOTE 1.250% 5/0 844741BG2 6,030 5,000,000 PRN   SOLE   5,000,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 50,113 350,000 SH Call SOLE   350,000 0 0
CENTERPOINT ENERGY INC COM 15189T107 10,269 550,000 SH   SOLE   550,000 0 0
PG&E CORP COM 69331C108 10,219 1,152,084 SH   SOLE   1,152,084 0 0
AMBAC FINL GROUP INC COM NEW 023139884 1,790 125,000 SH   SOLE   125,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 128,862 900,000 SH Put SOLE   900,000 0 0
VICI PPTYS INC COM 925652109 14,133 700,000 SH   SOLE   700,000 0 0
ISHARES TR U.S. REAL ES ETF 464287739 39,405 500,000 SH Put SOLE   500,000 0 0
SPDR GOLD TR GOLD SHS 78463V107 2,511 15,000 SH   SOLE   15,000 0 0
ALLY FINL INC COM 02005N100 14,873 750,000 SH   SOLE   750,000 0 0
BRINKER INTL INC COM 109641100 2,400 100,000 SH   SOLE   100,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 23,933 350,000 SH Put SOLE   350,000 0 0
IAC INTERACTIVECORP COM 44919P508 22,800 70,500 SH   SOLE   70,500 0 0
ELDORADO RESORTS INC COM 28470R102 1,002 25,000 SH   SOLE   25,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 3,622 200,000 SH   SOLE   200,000 0 0
PARK HOTELS RESORTS INC COM 700517105 495 50,000 SH   SOLE   50,000 0 0