<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
   <infoTable>
       <nameOfIssuer>ABERCROMBIE &amp; FITCH CO</nameOfIssuer>
       <titleOfClass>CL A</titleOfClass>
       <cusip>002896207</cusip>
       <value>4492</value>
       <shrsOrPrnAmt>
           <sshPrnamt>127000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>127000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>ACXIOM CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>005125109</cusip>
       <value>2016</value>
       <shrsOrPrnAmt>
           <sshPrnamt>71000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>71000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>AMERICAN INTL GROUP INC</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>026874784</cusip>
       <value>1459</value>
       <shrsOrPrnAmt>
           <sshPrnamt>30000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>30000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>AMERICAN INTL GROUP INC</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>026874784</cusip>
       <value>2431</value>
       <shrsOrPrnAmt>
           <sshPrnamt>50000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>AMERICAN TOWER CORP NEW</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>03027X100</cusip>
       <value>9266</value>
       <shrsOrPrnAmt>
           <sshPrnamt>125000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Put</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>125000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>APPLE INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>037833100</cusip>
       <value>7986</value>
       <shrsOrPrnAmt>
           <sshPrnamt>16750</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>16750</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>AWARE INC MASS</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>05453N100</cusip>
       <value>860</value>
       <shrsOrPrnAmt>
           <sshPrnamt>157500</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>157500</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>BLUCORA INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>095229100</cusip>
       <value>4447</value>
       <shrsOrPrnAmt>
           <sshPrnamt>193500</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>193500</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>BODY CENT CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>09689U102</cusip>
       <value>3294</value>
       <shrsOrPrnAmt>
           <sshPrnamt>540000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>540000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>BRAVO BRIO RESTAURANT GROUP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>10567B109</cusip>
       <value>3473</value>
       <shrsOrPrnAmt>
           <sshPrnamt>230000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>230000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>COACH INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>189754104</cusip>
       <value>6936</value>
       <shrsOrPrnAmt>
           <sshPrnamt>127200</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>127200</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>COTT CORP QUE</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>22163N106</cusip>
       <value>4037</value>
       <shrsOrPrnAmt>
           <sshPrnamt>525000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>525000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>DILLARDS INC</nameOfIssuer>
       <titleOfClass>CL A</titleOfClass>
       <cusip>254067101</cusip>
       <value>3954</value>
       <shrsOrPrnAmt>
           <sshPrnamt>50500</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>50500</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>E M C CORP MASS</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>268648102</cusip>
       <value>6390</value>
       <shrsOrPrnAmt>
           <sshPrnamt>250000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>250000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>E M C CORP MASS</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>268648102</cusip>
       <value>2939</value>
       <shrsOrPrnAmt>
           <sshPrnamt>115000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>FIRST AMERN FINL CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>31847R102</cusip>
       <value>9740</value>
       <shrsOrPrnAmt>
           <sshPrnamt>400000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>400000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>INGREDION INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>457187102</cusip>
       <value>3309</value>
       <shrsOrPrnAmt>
           <sshPrnamt>50000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>50000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>INTERDIGITAL INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>45867G101</cusip>
       <value>3080</value>
       <shrsOrPrnAmt>
           <sshPrnamt>82500</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>82500</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>ISHARES SILVER TRUST</nameOfIssuer>
       <titleOfClass>ISHARES</titleOfClass>
       <cusip>46428Q109</cusip>
       <value>2299</value>
       <shrsOrPrnAmt>
           <sshPrnamt>110000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>JPMORGAN CHASE &amp; CO</nameOfIssuer>
       <titleOfClass>*W EXP 10/28/201</titleOfClass>
       <cusip>46634E114</cusip>
       <value>1006</value>
       <shrsOrPrnAmt>
           <sshPrnamt>60000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>60000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>MAGNACHIP SEMICONDUCTOR CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>55933J203</cusip>
       <value>1148</value>
       <shrsOrPrnAmt>
           <sshPrnamt>53300</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>53300</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>MFC INDL LTD</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>55278T105</cusip>
       <value>1058</value>
       <shrsOrPrnAmt>
           <sshPrnamt>126000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>126000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>MILLER INDS INC TENN</nameOfIssuer>
       <titleOfClass>COM NEW</titleOfClass>
       <cusip>600551204</cusip>
       <value>1357</value>
       <shrsOrPrnAmt>
           <sshPrnamt>79892</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>79892</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>MITCHAM INDS INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>606501104</cusip>
       <value>769</value>
       <shrsOrPrnAmt>
           <sshPrnamt>50300</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>50300</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PEREGRINE SEMICONDUCTOR CORP</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>71366R703</cusip>
       <value>3678</value>
       <shrsOrPrnAmt>
           <sshPrnamt>410000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>410000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>QUANTUM CORP</nameOfIssuer>
       <titleOfClass>COM DSSG</titleOfClass>
       <cusip>747906204</cusip>
       <value>1801</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1305000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>1305000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>ROSETTA STONE INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>777780107</cusip>
       <value>4139</value>
       <shrsOrPrnAmt>
           <sshPrnamt>255000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>255000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>RYMAN HOSPITALITY PPTYS INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>78377T107</cusip>
       <value>4831</value>
       <shrsOrPrnAmt>
           <sshPrnamt>140000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>140000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SKULLCANDY INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>83083J104</cusip>
       <value>1451</value>
       <shrsOrPrnAmt>
           <sshPrnamt>234000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>234000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>TETRA TECH INC NEW</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>88162G103</cusip>
       <value>6473</value>
       <shrsOrPrnAmt>
           <sshPrnamt>250000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>250000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>WORLD ACCEP CORP DEL</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>981419104</cusip>
       <value>899</value>
       <shrsOrPrnAmt>
           <sshPrnamt>10000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Put</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>10000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>WPX ENERGY INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>98212B103</cusip>
       <value>1926</value>
       <shrsOrPrnAmt>
           <sshPrnamt>100000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>100000</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>WPX ENERGY INC</nameOfIssuer>
       <titleOfClass>COM</titleOfClass>
       <cusip>98212B103</cusip>
       <value>2889</value>
       <shrsOrPrnAmt>
           <sshPrnamt>150000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <putCall>Call</putCall>
       <investmentDiscretion>SOLE</investmentDiscretion>
       <votingAuthority>
           <Sole>0</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
</informationTable>
