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
AERCAP HOLDINGS NV SHS N00985106 2,552 48,500 SH   SOLE   48,500 0 0
AERCAP HOLDINGS NV SHS N00985106 2,841 54,000 SH Call SOLE   0 0 0
ALLEGHANY CORP DEL COM 017175100 3,070 5,150 SH   SOLE   5,150 0 0
ALPHABET INC CAP STK CL C 02079K107 4,343 4,150 SH   SOLE   4,150 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 5,352 27,000 SH   SOLE   27,000 0 0
BOULDER GROWTH & INCOME FD I COM 101507101 1,331 120,000 SH   SOLE   120,000 0 0
BROWN & BROWN INC COM 115236101 3,010 58,500 SH   SOLE   58,500 0 0
BROWN & BROWN INC COM 115236101 1,287 25,000 SH Call SOLE   0 0 0
CENTRAL SECS CORP COM 155123102 1,123 41,000 SH   SOLE   41,000 0 0
CISCO SYS INC COM 17275R102 2,281 60,000 SH Call SOLE   0 0 0
COMMUNITY FIRST BANCSHARES I COM 20369M104 534 46,000 SH   SOLE   46,000 0 0
DEL TACO RESTAURANTS INC *W EXP 06/30/202 245496112 59 20,000 SH   SOLE   20,000 0 0
FACEBOOK INC CL A 30303M102 2,559 14,500 SH   SOLE   14,500 0 0
FACEBOOK INC CL A 30303M102 1,500 8,500 SH Call SOLE   0 0 0
FLIR SYS INC COM 302445101 280 6,000 SH   SOLE   6,000 0 0
FRANKLIN COVEY CO COM 353469109 2,853 137,500 SH   SOLE   137,500 0 0
GODADDY INC CL A 380237107 2,112 42,000 SH Call SOLE   0 0 0
HALLMARK FINL SVCS INC EC COM NEW 40624Q203 425 40,700 SH   SOLE   40,700 0 0
INTERACTIVE BROKERS GROUP IN COM 45841N107 2,872 48,500 SH   SOLE   48,500 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 911 57,000 SH Call SOLE   0 0 0
MIND C T I LTD ORD M70240102 529 191,000 SH   SOLE   191,000 0 0
MIX TELEMATICS LTD SPONSORED ADR 60688N102 510 40,000 SH   SOLE   40,000 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 1,017 43,500 SH   SOLE   43,500 0 0
PDL CMNTY BANCORP COM 69290X101 1,442 95,000 SH   SOLE   95,000 0 0
PICO HLDGS INC COM NEW 693366205 896 70,000 SH   SOLE   70,000 0 0
PRICELINE GRP INC COM NEW 741503403 2,129 1,225 SH   SOLE   1,225 0 0
PRICELINE GRP INC COM NEW 741503403 2,433 1,400 SH Call SOLE   0 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 7,339 27,500 SH Call SOLE   0 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 4,403 16,500 SH Put SOLE   16,500 0 0
USA TECHNOLOGIES INC COM NO PAR 90328S500 1,097 112,500 SH   SOLE   112,500 0 0