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
AIR PRODS & CHEMS INC COM 009158106 36,043 250,214 SH   SOLE 1 250,214 0 0
ALBEMARLE CORP COM 012653101 51,144 800,000 SH   SOLE 1 800,000 0 0
ALBEMARLE CORP COM 012653101 12,099 189,250 SH   OTR 2 189,250 0 0
AMBARELLA INC SHS G037AX101 20,115 450,000 SH   SOLE 1 450,000 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 18,320 4,000,000 SH   SOLE 1 4,000,000 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 10,893 300,000 SH Put SOLE 1 300,000 0 0
CATERPILLAR INC DEL COM 149123101 38,270 500,000 SH   SOLE 1 500,000 0 0
CENTURY ALUM CO COM 156431108 3,484 494,115 SH   SOLE 1 494,115 0 0
CUMMINS INC COM 231021106 24,737 225,000 SH   SOLE 1 225,000 0 0
DEERE & CO COM 244199105 46,194 600,000 SH Call SOLE 1 600,000 0 0
DEERE & CO COM 244199105 34,646 450,000 SH   SOLE 1 450,000 0 0
F M C CORP COM NEW 302491303 18,489 458,000 SH   SOLE 1 458,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857 12,408 1,200,000 SH   SOLE 1 1,200,000 0 0
GRACE W R & CO DEL NEW COM 38388F108 14,236 200,000 SH   SOLE 1 200,000 0 0
HUNTSMAN CORP COM 447011107 10,640 800,000 SH   SOLE 1 800,000 0 0
LEAR CORP COM NEW 521865204 11,117 100,000 SH   SOLE 1 100,000 0 0
LOCKHEED MARTIN CORP COM 539830109 24,454 110,400 SH   SOLE 1 110,400 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 23,535 275,000 SH   SOLE 1 275,000 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 11,386 133,050 SH   OTR 2 133,050 0 0
NORWEGIAN CRUISE LINE HLDGS SHS G66721104 17,897 323,700 SH   SOLE 1 323,700 0 0
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 13,057 1,502,500 SH Call SOLE 1 1,502,500 0 0
PLAINS GP HLDGS L P SHS A REP LTPN 72651A108 15,121 1,740,000 SH   SOLE 1 1,740,000 0 0
PPG INDS INC COM 693506107 17,838 160,000 SH   SOLE 1 160,000 0 0
RESTORATION HARDWARE HLDGS I COM 761283100 12,570 300,000 SH Call SOLE 1 300,000 0 0
RIO TINTO PLC SPONSORED ADR 767204100 14,135 500,000 SH Put SOLE 1 500,000 0 0
SEALED AIR CORP NEW COM 81211K100 39,608 825,000 SH   SOLE 1 825,000 0 0
SILVER RUN ACQUISITION CORP UNIT 99/99/9999T 82811P200 18,630 1,800,000 SH   SOLE 1 1,800,000 0 0
SOUTHWEST AIRLS CO COM 844741108 32,480 725,000 SH   SOLE 1 725,000 0 0
SOUTHWEST AIRLS CO COM 844741108 11,381 254,050 SH   OTR 2 254,050 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 308,280 1,500,000 SH Put SOLE 1 1,500,000 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 30,690 1,500,000 SH Call SOLE 1 1,500,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 18,210 600,000 SH   SOLE 1 600,000 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 148,860 3,000,000 SH Put SOLE 1 3,000,000 0 0
STEEL DYNAMICS INC COM 858119100 4,502 200,000 SH   SOLE 1 200,000 0 0
TARGA RES CORP COM 87612G101 20,902 700,000 SH   SOLE 1 700,000 0 0
TEREX CORP NEW COM 880779103 9,081 365,000 SH   SOLE 1 365,000 0 0
TESLA MTRS INC COM 88160R101 17,651 76,819 SH   SOLE 1 76,819 0 0
TEXTRON INC COM 883203101 43,277 1,186,969 SH   SOLE 1 1,186,969 0 0
U S SILICA HLDGS INC COM 90346E103 13,632 600,000 SH   SOLE 1 600,000 0 0
UNITED CONTL HLDGS INC COM 910047109 26,937 450,000 SH   SOLE 1 450,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 30,030 300,000 SH   SOLE 1 300,000 0 0
VALERO ENERGY CORP NEW COM 91913Y100 25,656 400,000 SH Put SOLE 1 400,000 0 0
VISTA OUTDOOR INC COM 928377100 41,922 807,585 SH   SOLE 1 807,585 0 0
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR 96949L105 14,849 726,100 SH Call SOLE 1 726,100 0 0