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
ACCENTURE LTD- CL.A COM g1151c101 2,096 18,500 SH   SOLE   18,500 0 0
ADOBE SYSTEMS INC COM 00724F101 1,245 13,000 SH   SOLE   13,000 0 0
ALBEMARLE CORP. COM 012653101 2,474 31,200 SH   SOLE   31,200 0 0
ALLIANCE DATA SYSTEMS COM 018581108 9,972 50,900 SH Put SOLE   50,900 0 0
AMAZON COM INC. COM 023135106 5,077 7,095 SH   SOLE   7,095 0 0
AMERICAN WATER WORKS CO., INC. COM 030420103 1,429 16,910 SH   SOLE   16,910 0 0
APPLIED MATERIAL INC. COM 038222105 5,578 232,700 SH   SOLE   232,700 0 0
ARAMARK COM 03852u106 1,090 32,630 SH   SOLE   32,630 0 0
ARCTIC CAT INC. COM 039670104 1,453 85,500 SH Put SOLE   85,500 0 0
BERKSHIRE HATHAWAY CL.B COM 084670702 2,215 15,300 SH   SOLE   15,300 0 0
BRIDGEPOINT EDUCATION INC. COM 10807m105 2,096 289,500 SH Put SOLE   289,500 0 0
CALATLANTIC GROUP, INC. COM 128195104 1,494 40,700 SH   SOLE   40,700 0 0
CONCHO RESOURCES, INC. COM 20605p101 2,839 23,800 SH   SOLE   23,800 0 0
CONN'S INC. COM 208242107 332 44,200 SH Put SOLE   44,200 0 0
CONSTELLATION BRANDS, INC. COM 21036p108 2,696 16,300 SH   SOLE   16,300 0 0
COSTCO WHOLESALE CORP COM 22160k105 4,474 28,490 SH   SOLE   28,490 0 0
DEVRY, INC. COM 251893103 11,220 628,900 SH Put SOLE   628,900 0 0
DOMINION RESOURCES COM 25746u109 1,219 15,645 SH   SOLE   15,645 0 0
FACEBOOK INC COM 30303m102 4,020 35,175 SH   SOLE   35,175 0 0
FORTUNE BRANDS HOME & SCTY COM 34964c106 887 15,300 SH   SOLE   15,300 0 0
GENERAL ELECTRIC CO. COM 369604103 6,510 206,785 SH   SOLE   206,785 0 0
GENERAL MILLS, INC. COM 370334104 2,648 37,130 SH   SOLE   37,130 0 0
HAIN CELESTICAL GROUP COM 405217100 3,184 64,000 SH   SOLE   64,000 0 0
HALLIBURTON CO COM 406216101 6,047 133,515 SH   SOLE   133,515 0 0
HARLEY-DAVIDSON, INC. COM 412822108 12,625 278,700 SH Put SOLE   278,700 0 0
HARLEY-DAVIDSON, INC. COM 412822108 7,878 173,900 SH Put SOLE   173,900 0 0
HASBRO INC COM 418056107 4,139 49,275 SH   SOLE   49,275 0 0
HD SUPPLY HOLDINGS, INC. COM 40416m105 3,437 98,700 SH   SOLE   98,700 0 0
HDFC BANK LTD-ADR COM 40415f101 2,740 41,300 SH   SOLE   41,300 0 0
HEWLETT PACKARD ENTERPRISES COM 42824c109 2,901 158,800 SH   SOLE   158,800 0 0
HOME DEPOT INC. COM 437076102 1,324 10,365 SH   SOLE   10,365 0 0
HONEYWELL INC COM 438516106 6,569 56,475 SH   SOLE   56,475 0 0
INTUIT INC COM 461202103 2,567 23,000 SH   SOLE   23,000 0 0
ISHARES TIPS BOND ETF COM 464287176 3,635 31,153 SH   SOLE   31,153 0 0
LAM RESEARCH COM 512807108 2,942 35,000 SH   SOLE   35,000 0 0
LENNAR CORP. COM 526057104 2,950 64,000 SH   SOLE   64,000 0 0
LOCKHEED MARTIN COM 539830109 4,899 19,739 SH   SOLE   19,739 0 0
LOWES COMPANIES, INC. COM 548661107 2,929 37,000 SH   SOLE   37,000 0 0
MANHATTAN ASSOCIATES INC. COM 562750109 2,514 39,200 SH   SOLE   39,200 0 0
MARTIN MARIETTA MATERIALS COM 573284106 2,976 15,500 SH   SOLE   15,500 0 0
MASCO CORP. COM 574599106 947 30,600 SH   SOLE   30,600 0 0
MCDONALD'S CORPORATION COM 580135101 2,069 17,195 SH   SOLE   17,195 0 0
MICROSOFT CORP COM 594918104 3,899 76,205 SH   SOLE   76,205 0 0
MICROSOFT CORP COM 594918104 7,292 142,500 SH Call SOLE   142,500 0 0
NATIONAL BEVERAGE CORP. COM 635017106 1,507 24,000 SH   SOLE   24,000 0 0
NATIONAL FUEL GAS CO. COM 636180101 267 4,700 SH   SOLE   4,700 0 0
NEWELL BRANDS, INC. COM 651229106 2,866 59,000 SH   SOLE   59,000 0 0
NEXTERA ENERGY, INC. COM 65339f101 347 2,663 SH   SOLE   2,663 0 0
NORTH ATLANTIC DRILLING LTD COM g6613p129 297 44,000 SH   SOLE   44,000 0 0
NORTHROP GRUMMAN CORP COM 666807102 5,579 25,100 SH   SOLE   25,100 0 0
OAKTREE CAPITAL GROUP, LLC COM 674001201 3,881 86,700 SH   SOLE   86,700 0 0
OLLIE'S BARGAIN OUTLET HLDGS COM 681116109 2,447 98,300 SH   SOLE   98,300 0 0
PATTERSON ENERGY COM 703481101 3,047 142,900 SH   SOLE   142,900 0 0
PEPSICO INC. COM 713448108 5,212 49,200 SH   SOLE   49,200 0 0
PIONEER NATURAL RESOURCES COM 723787107 2,752 18,200 SH   SOLE   18,200 0 0
RAYTHEON CO. COM 755111507 4,679 34,415 SH   SOLE   34,415 0 0
REPUBLIC SERVICES COM 760759100 2,694 52,500 SH   SOLE   52,500 0 0
SOUTHERN CO COM COM 842587107 1,618 30,170 SH   SOLE   30,170 0 0
SPDR GOLD TRUST COM 78463v107 4,093 32,365 SH   SOLE   32,365 0 0
THE KRAFT HEINZ CO. COM 500754106 4,194 47,405 SH   SOLE   47,405 0 0
TJX COMPANIES COM 872540109 2,456 31,800 SH   SOLE   31,800 0 0
TRANSOCEAN LTD. COM h8817h100 6,234 524,300 SH Put SOLE   524,300 0 0
VANECK VECTORS GOLD MINERS COM 92189f106 2,646 95,500 SH   SOLE   95,500 0 0
VULCAN MATERIALS CO COM 929160109 2,973 24,700 SH   SOLE   24,700 0 0
WASTE MANAGEMENT INC. COM 94106l109 3,044 45,940 SH   SOLE   45,940 0 0
WHITEWAVE FOODS, INC. COM 966244105 4,076 86,835 SH   SOLE   86,835 0 0
WISCONSIN ENERGY CORP. COM 92939u106 329 5,035 SH   SOLE   5,035 0 0