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 COMM N00985106 4,672 102,000 SH   SOLE   102,000 0 0
AERCAP HOLDINGS NV COMM N00985106 536 11,700 SH Call SOLE   11,700 0 0
AERCAP HOLDINGS NV COMM N00985106 930 20,300 SH Call SOLE   20,300 0 0
AMERICAN AIRLINES GROUP INC COMM 02376R102 1,718 40,000 SH Call SOLE   40,000 0 0
AMERICAN AIRLINES GROUP INC COMM 02376R102 1,289 30,000 SH Call SOLE   30,000 0 0
AMERICAN AIRLINES GROUP INC COMM 02376R102 1,289 30,000 SH Call SOLE   30,000 0 0
AMERICAN AIRLINES GROUP INC COMM 02376R102 1,074 25,000 SH Call SOLE   25,000 0 0
AMERICAN AIRLINES GROUP INC COMM 02376R102 1,074 25,000 SH Call SOLE   25,000 0 0
AMERICAN AIRLINES GROUP INC COMM 02376R102 13,318 310,000 SH   SOLE   310,000 0 0
AMERICAN AXLE & MFG HOLDINGS COMM 024061103 2,834 150,000 SH   SOLE   150,000 0 0
BALTIC TRADING LTD COMM Y0553W103 299 50,000 SH   SOLE   50,000 0 0
BANK OF AMERICA CORP COMM 060505104 842 54,800 SH   SOLE   54,800 0 0
BLUELINX HOLDINGS INC COMM 09624H109 971 693,767 SH   SOLE   693,767 0 0
CHEGG INC COMM 163092109 352 50,000 SH   SOLE   50,000 0 0
CHINA CERAMICS CO LTD COMM G2113X100 14 10,000 SH   SOLE   10,000 0 0
CHINA MING YANG WIND POW-ADS ADRS 16951C108 1,715 500,000 SH   SOLE   500,000 0 0
CHINA XD PLASTICS CO LTD COMM 16948F107 688 82,040 SH   SOLE   82,040 0 0
CHIPMOS TECHNOLOGIES BERMUDA COMM G2110R114 5,265 218,178 SH   SOLE   218,178 0 0
CHIPMOS TECHNOLOGIES BERMUDA COMM G2110R114 2,654 110,000 SH Call SOLE   110,000 0 0
CHIPMOS TECHNOLOGIES BERMUDA COMM G2110R114 381 15,800 SH Call SOLE   15,800 0 0
COMMERCIAL VEHICLE GROUP INC COMM 202608105 2,647 263,629 SH   SOLE   263,629 0 0
COMMERCIAL VEHICLE GROUP INC COMM 202608105 301 30,000 SH Call SOLE   30,000 0 0
DANAOS CORP COMM Y1968P105 769 130,836 SH   SOLE   130,836 0 0
GT ADVANCED TECHNOLOGIES INC COMM 36191U106 13,758 739,675 SH   SOLE   739,675 0 0
GT ADVANCED TECHNOLOGIES INC COMM 36191U106 186 10,000 SH Call SOLE   10,000 0 0
GT ADVANCED TECHNOLOGIES INC COMM 36191U106 5,952 320,000 SH Call SOLE   320,000 0 0
GT ADVANCED TECHNOLOGIES INC COMM 36191U106 744 40,000 SH Call SOLE   40,000 0 0
GT ADVANCED TECHNOLOGIES INC COMM 36191U106 2,976 160,000 SH Call SOLE   160,000 0 0
HERCULES OFFSHORE INC COMM 427093109 201 50,000 SH Call SOLE   50,000 0 0
HERCULES OFFSHORE INC COMM 427093109 80 20,000 SH Call SOLE   20,000 0 0
HERCULES OFFSHORE INC COMM 427093109 1,387 345,000 SH   SOLE   345,000 0 0
HOVNANIAN ENTERPRISES-A COMM 442487203 103 20,000 SH   SOLE   20,000 0 0
KEMET CORP COMM 488360207 1,869 325,000 SH Call SOLE   325,000 0 0
KEMET CORP COMM 488360207 58 10,000 SH Call SOLE   10,000 0 0
KEMET CORP COMM 488360207 5,470 951,300 SH   SOLE   951,300 0 0
LMI AEROSPACE INC COMM 502079106 653 49,900 SH   SOLE   49,900 0 0
MANNKIND CORP COMM 56400P201 11,398 1,040,000 SH   SOLE   1,040,000 0 0
MANNKIND CORP COMM 56400P201 76 6,900 SH Call SOLE   6,900 0 0
MANNKIND CORP COMM 56400P201 110 10,000 SH Call SOLE   10,000 0 0
MANNKIND CORP COMM 56400P201 877 80,000 SH Call SOLE   80,000 0 0
MANNKIND CORP COMM 56400P201 1,973 180,000 SH Call SOLE   180,000 0 0
MANNKIND CORP COMM 56400P201 398 36,300 SH Call SOLE   36,300 0 0
MANNKIND CORP COMM 56400P201 1,041 95,000 SH Call SOLE   95,000 0 0
MANNKIND CORP COMM 56400P201 767 70,000 SH Call SOLE   70,000 0 0
MANNKIND CORP COMM 56400P201 219 20,000 SH Call SOLE   20,000 0 0
MANNKIND CORP COMM 56400P201 285 26,000 SH Call SOLE   26,000 0 0
MANNKIND CORP COMM 56400P201 88 8,000 SH Call SOLE   8,000 0 0
MANNKIND CORP COMM 56400P201 329 30,000 SH Call SOLE   30,000 0 0
MANNKIND CORP COMM 56400P201 329 30,000 SH Call SOLE   30,000 0 0
MANNKIND CORP COMM 56400P201 1,885 172,000 SH Call SOLE   172,000 0 0
MANNKIND CORP COMM 56400P201 1,096 100,000 SH Call SOLE   100,000 0 0
MANNKIND CORP WRNT 56400P201 1,699 155,000 SH   SOLE   155,000 0 0
MGIC INVESTMENT CORP - WISC COMM 552848103 2,583 279,500 SH   SOLE   279,500 0 0
MGIC INVESTMENT CORP - WISC COMM 552848103 1,363 147,500 SH Call SOLE   147,500 0 0
MGIC INVESTMENT CORP - WISC COMM 552848103 554 60,000 SH Call SOLE   60,000 0 0
MGIC INVESTMENT CORP - WISC COMM 552848103 92 10,000 SH Call SOLE   10,000 0 0
MICRON TECHNOLOGY INC COMM 595112103 4,284 130,000 SH Call SOLE   130,000 0 0
MICRON TECHNOLOGY INC COMM 595112103 8,897 270,000 SH Call SOLE   270,000 0 0
MICRON TECHNOLOGY INC COMM 595112103 659 20,000 SH Call SOLE   20,000 0 0
MOLYCORP INC COMM 608753109 257 100,000 SH   SOLE   100,000 0 0
MOTORCAR PARTS OF AMERICA IN COMM 620071100 3,350 137,596 SH   SOLE   137,596 0 0
NAVIOS MARITIME ACQUISITION COMM Y62159101 408 110,000 SH   SOLE   110,000 0 0
NETLIST INC COMM 64118P109 65 50,000 SH   SOLE   50,000 0 0
OCLARO INC COMM 67555N206 538 244,583 SH   SOLE   244,583 0 0
OCWEN FINANCIAL CORP COMM 675746309 1,184 31,907 SH   SOLE   31,907 0 0
RADIAN GROUP INC COMM 750236101 9,060 611,741 SH   SOLE   611,741 0 0
RADIAN GROUP INC COMM 750236101 2,362 159,500 SH Call SOLE   159,500 0 0
RADISYS CORP COMM 750459109 70 20,000 SH   SOLE   20,000 0 0
TARGET CORP COMM 87612E106 580 10,000 SH Call SOLE   10,000 0 0
TARGET CORP COMM 87612E106 2,318 40,000 SH Call SOLE   40,000 0 0
TRONOX INC COMM Q9235V101 269 10,000 SH Call SOLE   10,000 0 0
TRONOX INC COMM Q9235V101 802 29,800 SH Call SOLE   29,800 0 0
ULTRAPETROL (BAHAMAS) LTD COMM P94398107 5,049 1,700,000 SH   SOLE   1,700,000 0 0
UNITED CONTINENTAL HOLDINGS COMM 910047109 407 9,900 SH Call SOLE   9,900 0 0
UNITED CONTINENTAL HOLDINGS COMM 910047109 5,750 140,000 SH Call SOLE   140,000 0 0
UNITED CONTINENTAL HOLDINGS COMM 910047109 205 5,000 SH Call SOLE   5,000 0 0
UNITED CONTINENTAL HOLDINGS COMM 910047109 3,286 80,000 SH Call SOLE   80,000 0 0
UNITED CONTINENTAL HOLDINGS COMM 910047109 12,941 315,100 SH   SOLE   315,100 0 0
VELTI PLC RESTRICTED RSTD VELTRSTD 13 1,333,333 SH   SOLE   1,333,333 0 0
VERSO PAPER CORP COMM 92531L108 1,647 784,193 SH   SOLE   784,193 0 0
WTS ATRINSIC INC SER A EXP 05/31/16 WRNT ATRNWA 0 94,828 SH   SOLE   94,828 0 0
WTS ATRINSIC INC SER C EXP 05/31/16 WRNT ATRNWC 0 45,043 SH   SOLE   45,043 0 0
XERIUM TECHNOLOGIES INC COMM 98416J118 4,031 288,728 SH   SOLE   288,728 0 0
XUEDA EDUCATION GROUP-ADR ADRS 98418W109 890 200,000 SH   SOLE   200,000 0 0
YRC WORLDWIDE INC COMM 984249607 9,019 320,859 SH   SOLE   320,859 0 0
YRC WORLDWIDE INC COMM 984249607 4,815 171,300 SH Call SOLE   171,300 0 0
YRC WORLDWIDE INC COMM 984249607 2,811 100,000 SH Call SOLE   100,000 0 0