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
AK STL CORP Note 001546AP5 12,721 7,500,000 SH   SOLE   7,500,000 0 0
ALLIED NEVADA GOLD CORP COM 019344100 8,507 2,570,000 SH Put SOLE   2,570,000 0 0
ALLIED NEVADA GOLD CORP COM 019344100 1,090 329,400 SH Put SOLE   329,400 0 0
ALLIED NEVADA GOLD CORP COM 019344100 530 160,000 SH Put SOLE   160,000 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 3,596 1,450,000 SH Put SOLE   1,450,000 0 0
AMBEV SA SPONSORED ADR 02319V103 563 86,000 SH   SOLE   86,000 0 0
AMERICAN INTL GROUP INC COM 026874784 2,199 40,700 SH   SOLE   40,700 0 0
ANADARKO PETE CORP COM 032511107 30,533 300,999 SH   SOLE   300,999 0 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 3,600 300,000 SH Put SOLE   300,000 0 0
ANNALY CAP MGMT INC Note 035710AA0 4,635 4,500,000 SH   SOLE   4,500,000 0 0
ARCH COAL INC COM 039380100 360 170,000 SH   SOLE   170,000 0 0
ARCH COAL INC COM 039380100 2,332 1,100,000 SH Put SOLE   1,100,000 0 0
ARCH COAL INC COM 039380100 1,696 800,000 SH Put SOLE   800,000 0 0
ATHLON ENERGY INC COM 047477104 5,491 94,302 SH   SOLE   94,302 0 0
ATWOOD OCEANICS INC COM 050095108 8,432 192,991 SH   SOLE   192,991 0 0
AXIALL CORP COM 05463D100 5,250 146,599 SH   SOLE   146,599 0 0
BAIDU INC SPON ADR REP A 056752108 1,091 5,000 SH   SOLE   5,000 0 0
BAKER HUGHES INC COM 057224107 10,593 162,825 SH   SOLE   162,825 0 0
BANK AMER CORP COM 060505104 36,788 2,157,634 SH   SOLE   2,157,634 0 0
BANK AMER CORP COM 060505104 6,063 355,600 SH Call SOLE   355,600 0 0
BANK AMER CORP COM 060505104 17,500 1,026,400 SH Call SOLE   1,026,400 0 0
BANK AMER CORP COM 060505104 19,988 1,172,300 SH Call SOLE   1,172,300 0 0
BARRETT BILL CORP COM 06846N104 8,004 363,171 SH   SOLE   363,171 0 0
BARRICK GOLD CORP COM 067901108 11,636 793,738 SH   SOLE   793,738 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 1,962 14,200 SH   SOLE   14,200 0 0
BLACKBERRY LTD COM 09228F103 7,168 721,100 SH   SOLE   721,100 0 0
BRF SA SPONSORED ADR 10552T107 595 25,000 SH   SOLE   25,000 0 0
CABOT OIL & GAS CORP COM 127097103 9,189 281,100 SH   SOLE   281,100 0 0
CAESARS ENTMT CORP COM 127686103 5,032 400,000 SH Put SOLE   400,000 0 0
CANADIAN NAT RES LTD COM 136385101 14,515 373,713 SH   SOLE   373,713 0 0
CEMEX SAB DE CV SPON ADR 151290889 1,304 100,000 SH   SOLE   100,000 0 0
CIMAREX ENERGY CO COM 171798101 17,609 139,171 SH   SOLE   139,171 0 0
CITIGROUP INC COM 172967424 32,775 632,471 SH   SOLE   632,471 0 0
CITIGROUP INC COM 172967424 6,478 125,000 SH Call SOLE   125,000 0 0
CITIGROUP INC COM 172967424 7,778 150,100 SH Call SOLE   150,100 0 0
CLAYMORE EXCHANGE TRD FD TR GUGGENHEIM SOLAR 18383Q739 1,463 36,000 SH   SOLE   36,000 0 0
CME GROUP INC COM 12572Q105 2,423 30,300 SH   SOLE   30,300 0 0
COBALT INTL ENERGY INC COM 19075F106 11,560 850,000 SH Put SOLE   850,000 0 0
COBALT INTL ENERGY INC Note 19075FAA4 49,706 60,000,000 SH   SOLE   60,000,000 0 0
COEUR MNG INC COM 192108504 4,960 1,000,000 SH Put SOLE   1,000,000 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 998 22,300 SH   SOLE   22,300 0 0
COMPANHIA BRASILEIRA DE DIST SPN ADR PFD CL A 20440T201 414 9,500 SH   SOLE   9,500 0 0
CONCHO RES INC COM 20605P101 5,387 42,964 SH   SOLE   42,964 0 0
CONOCOPHILLIPS COM 20825C104 3,689 48,214 SH   SOLE   48,214 0 0
COPA HOLDINGS SA CL A P31076105 1,502 14,000 SH   SOLE   14,000 0 0
CORNING INC COM 219350105 10,927 565,000 SH   SOLE   565,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 2,143 17,100 SH   SOLE   17,100 0 0
D R HORTON INC COM 23331A109 13,140 640,348 SH   SOLE   640,348 0 0
DIAGEO P L C SPON ADR 25243Q205 496 4,300 SH   SOLE   4,300 0 0
DIAMONDBACK ENERGY INC COM 25278X109 6,860 91,736 SH   SOLE   91,736 0 0
DRYSHIPS INC. Note 262498AB4 19,784 20,000,000 SH   SOLE   20,000,000 0 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 5,875 617,100 SH Put SOLE   617,100 0 0
E HOUSE CHINA HLDGS LTD ADR 26852W103 2,856 300,000 SH Put SOLE   300,000 0 0
EBAY INC COM 278642103 1,325 23,400 SH   SOLE   23,400 0 0
EMBRAER S A SP ADR REP 4 COM 29082A107 863 22,000 SH   SOLE   22,000 0 0
ENCANA CORP COM 292505104 13,246 624,500 SH   SOLE   624,500 0 0
EOG RES INC COM 26875P101 12,771 128,972 SH   SOLE   128,972 0 0
EOG RES INC COM 26875P101 6,931 70,000 SH Put SOLE   70,000 0 0
EPAM SYS INC COM 29414B104 1,314 30,000 SH   SOLE   30,000 0 0
EQT CORP COM 26884L109 35,710 390,100 SH   SOLE   390,100 0 0
EXELIXIS INC Note 30161QAC8 1,770 3,000,000 SH   SOLE   3,000,000 0 0
FMC TECHNOLOGIES INC COM 30249U101 6,023 110,900 SH   SOLE   110,900 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 603 6,550 SH   SOLE   6,550 0 0
GENERAL MTRS CO COM 37045V100 13,699 428,894 SH   SOLE   428,894 0 0
GENERAL MTRS CO COM 37045V100 30,982 970,000 SH Call SOLE   970,000 0 0
GILEAD SCIENCES INC COM 375558103 3,194 30,000 SH Call SOLE   30,000 0 0
GILEAD SCIENCES INC COM 375558103 1,671 15,700 SH Call SOLE   15,700 0 0
GILEAD SCIENCES INC COM 375558103 3,194 30,000 SH Call SOLE   30,000 0 0
GOOGLE INC CL C 38259P706 3,175 5,500 SH   SOLE   5,500 0 0
GRUPO TELEVISA SA SPON ADR REP ORD 40049J206 1,633 48,200 SH   SOLE   48,200 0 0
HALLIBURTON CO COM 406216101 57,720 894,739 SH   SOLE   894,739 0 0
HARLEY DAVIDSON INC COM 412822108 521 8,950 SH   SOLE   8,950 0 0
HESS CORP COM 42809H107 19,589 207,690 SH   SOLE   207,690 0 0
HUNTSMAN CORP COM 447011107 10,336 397,684 SH   SOLE   397,684 0 0
IAMGOLD CORP COM 450913108 3,450 1,250,000 SH Put SOLE   1,250,000 0 0
INTEROIL CORP Note 460951AC0 4,057 4,000,000 SH   SOLE   4,000,000 0 0
INTL PAPER CO COM 460146103 5,796 121,400 SH   SOLE   121,400 0 0
ISHARES MSCI MEX CAP ETF 464286822 3,780 55,000 SH   SOLE   55,000 0 0
ISHARES MSCI STH KOR ETF 464286772 3,390 56,019 SH   SOLE   56,019 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 28,068 300,000 SH Call SOLE   300,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 14,034 150,000 SH Put SOLE   150,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 18,712 200,000 SH Put SOLE   200,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 9,356 100,000 SH Put SOLE   100,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 40,802 373,134 SH   SOLE   373,134 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 62,475 1,503,247 SH   SOLE   1,503,247 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 82,010 1,973,300 SH Call SOLE   1,973,300 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 10,806 260,000 SH Call SOLE   260,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 242,561 5,836,400 SH Call SOLE   5,836,400 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 8,935 215,000 SH Put SOLE   215,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 10,390 250,000 SH Put SOLE   250,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 6,234 150,000 SH Put SOLE   150,000 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 16,494 600,000 SH Put SOLE   600,000 0 0
JINKOSOLAR HLDG CO LTD SPONSORED ADR 47759T100 2,914 106,000 SH Put SOLE   106,000 0 0
KOSMOS ENERGY LTD SHS G5315B107 3,586 360,000 SH Put SOLE   360,000 0 0
LINN ENERGY LLC UNIT LTD LIAB 536020100 6,329 210,000 SH Put SOLE   210,000 0 0
MANNKIND CORP Note 56400PAC6 24,266 21,500,000 SH   SOLE   21,500,000 0 0
MARATHON OIL CORP COM 565849106 10,294 273,841 SH   SOLE   273,841 0 0
MASTERCARD INC CL A 57636Q104 2,454 33,200 SH   SOLE   33,200 0 0
MCDERMOTT INTL INC COM 580037109 8,294 1,450,000 SH Put SOLE   1,450,000 0 0
MCKESSON CORP COM 58155Q103 2,375 12,200 SH   SOLE   12,200 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 1,790 18,600 SH   SOLE   18,600 0 0
MEMORIAL RESOURCE DEV CORP COM 58605Q109 2,440 90,000 SH   SOLE   90,000 0 0
MOLYCORP INC DEL COM 608753109 1,190 1,000,000 SH Put SOLE   1,000,000 0 0
NEWFIELD EXPL CO COM 651290108 19,000 512,535 SH   SOLE   512,535 0 0
NORTHERN OIL & GAS INC NEV COM 665531109 6,437 452,655 SH   SOLE   452,655 0 0
NOVO-NORDISK A S ADR 670100205 952 20,000 SH   SOLE   20,000 0 0
NQ MOBILE INC ADR REPSTG CL A 64118U108 4,044 580,200 SH Put SOLE   580,200 0 0
OPKO HEALTH INC COM 68375N103 4,568 536,800 SH Put SOLE   536,800 0 0
PARSLEY ENERGY INC CL A 701877102 4,213 197,500 SH   SOLE   197,500 0 0
PATTERSON UTI ENERGY INC COM 703481101 7,309 224,700 SH   SOLE   224,700 0 0
PEABODY ENERGY CORP COM 704549104 2,476 200,000 SH Put SOLE   200,000 0 0
PENN VA CORP COM 707882106 7,087 557,609 SH   SOLE   557,609 0 0
PENNEY J C INC COM 708160106 4,418 440,000 SH Put SOLE   440,000 0 0
PENNEY J C INC COM 708160106 4,518 450,000 SH Put SOLE   450,000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 710 50,000 SH   SOLE   50,000 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 98,790 1,000,000 SH Call SOLE   1,000,000 0 0
PRECISION DRILLING CORP COM 2010 74022D308 9,326 864,347 SH   SOLE   864,347 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 10,795 160,000 SH Put SOLE   160,000 0 0
QIHOO 360 TECHNOLOGY CO LTD ADS 74734M109 8,805 130,500 SH Put SOLE   130,500 0 0
QUICKSILVER RESOURCES INC COM 74837R104 373 618,551 SH   SOLE   618,551 0 0
QUIKSILVER INC COM 74838C106 1,376 800,000 SH Put SOLE   800,000 0 0
QUIKSILVER INC COM 74838C106 1,376 800,000 SH Put SOLE   800,000 0 0
RADIAN GROUP INC Note 750236AN1 25,194 17,600,000 SH   SOLE   17,600,000 0 0
RICE ENERGY INC COM 762760106 1,288 48,423 SH   SOLE   48,423 0 0
RITE AID CORP Note 767754BU7 18,248 9,372,000 SH   SOLE   9,372,000 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 940 37,140 SH   SOLE   37,140 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 8,715 114,473 SH   SOLE   114,473 0 0
SEADRILL LIMITED SHS G7945E105 4,014 150,000 SH Put SOLE   150,000 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 12,687 140,000 SH Put SOLE   140,000 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 11,585 500,000 SH Call SOLE   500,000 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 25,684 1,108,500 SH   SOLE   1,108,500 0 0
SINA CORP ORD G81477104 14,148 343,900 SH Put SOLE   343,900 0 0
SOLARCITY CORP Note 83416TAA8 31,093 26,000,000 SH   SOLE   26,000,000 0 0
SOLARCITY CORP COM 83416T100 936 15,700 SH   SOLE   15,700 0 0
SOLARCITY CORP COM 83416T100 8,272 138,800 SH Put SOLE   138,800 0 0
SOUFUN HLDGS LTD ADR 836034108 1,418 142,500 SH Put SOLE   142,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 171,013 868,000 SH Call SOLE   868,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 197,020 1,000,000 SH Call SOLE   1,000,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 7,491 38,024 SH   SOLE   38,024 0 0
SUNCOR ENERGY INC NEW COM 867224107 13,450 372,054 SH   SOLE   372,054 0 0
SUNPOWER CORP DBCV 4.500% 3/1 867652AE9 10,681 7,000,000 SH   SOLE   7,000,000 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 1,881 35,000 SH   SOLE   35,000 0 0
TIME WARNER INC COM 887317303 2,647 35,200 SH   SOLE   35,200 0 0
TRINA SOLAR LIMITED SPON ADR 89628E104 6,483 537,100 SH Put SOLE   537,100 0 0
TRINA SOLAR LIMITED SPON ADR 89628E104 4,488 371,800 SH Put SOLE   371,800 0 0
U S SILICA HLDGS INC COM 90346E103 1,719 27,500 SH   SOLE   27,500 0 0
UNITED PARCEL SERVICE INC CL B 911312106 2,212 22,500 SH   SOLE   22,500 0 0
VALE S A ADR 91912E105 551 50,000 SH   SOLE   50,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 19,918 398,444 SH   SOLE   398,444 0 0
VIPSHOP HLDGS LTD Note 92763WAA1 35,537 30,000,000 SH   SOLE   30,000,000 0 0
WALTER INVT MGMT CORP Note 93317WAA0 12,023 14,412,000 SH   SOLE   14,412,000 0 0
WALTER INVT MGMT CORP COM 93317W102 11,475 522,800 SH Put SOLE   522,800 0 0
WEBMD HEALTH CORP Note 94770VAH5 5,033 5,000,000 SH   SOLE   5,000,000 0 0
WESTERN REFNG INC COM 959319104 5,221 124,336 SH   SOLE   124,336 0 0
YAHOO INC COM 984332106 19,309 473,850 SH   SOLE   473,850 0 0
YAHOO INC COM 984332106 2,038 50,000 SH Call SOLE   50,000 0 0
YAHOO INC COM 984332106 11,712 287,400 SH Call SOLE   287,400 0 0
YAHOO INC COM 984332106 4,523 111,000 SH Call SOLE   111,000 0 0
YY INC ADS REPCOM CLA 98426T106 38,943 520,000 SH Put SOLE   520,000 0 0
ZILLOW INC CL A 98954A107 4,640 40,000 SH   SOLE   40,000 0 0