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
ALPHA NATURAL RESOURCES INC COM 02076X102 272 162,800 SH   SOLE   162,800 0 0
ALPHA NATURAL RESOURCES INC NOTE 2.375% 4/1 02076XAA0 3,947 4,109,000 PRN   SOLE   4,109,000 0 0
ANNALY CAP MGMT INC NOTE 5.000% 5/1 035710AB8 9,559 9,500,000 PRN   SOLE   9,500,000 0 0
CADENCE DESIGN SYSTEM INC NOTE 2.625% 6/0 127387AJ7 12,556 5,000,000 PRN   SOLE   5,000,000 0 0
CEMEX SAB DE CV NOTE 4.875% 3/1 151290AV5 11,323 11,000,000 PRN   SOLE   11,000,000 0 0
CLIFFS NAT RES INC COM 18683K101 1,571 220,000 SH   SOLE   220,000 0 0
COBALT INTL ENERGY INC COM 19075F106 2,672 300,517 SH   SOLE   300,517 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 6,050 10,000,000 PRN   SOLE   10,000,000 0 0
COOPER STD HLDGS INC COM 21676P103 3,173 54,821 SH   SOLE   54,821 0 0
INTEROIL CORP COM 460951106 532 10,900 SH   SOLE   10,900 0 0
INTEROIL CORP NOTE 2.750%11/1 460951AC0 15,270 15,100,000 PRN   SOLE   15,100,000 0 0
MBIA INC COM 55262C100 954 100,000 SH   SOLE   100,000 0 0
MASSEY ENERGY CO NOTE 3.250% 8/0 576203AJ2 11,469 11,900,000 PRN   SOLE   11,900,000 0 0
OMNICARE INC DBCV 3.250%12/1 681904AL2 3,089 2,860,000 PRN   SOLE   2,860,000 0 0
PEABODY ENERGY CORP COM 704549104 890 115,000 SH   SOLE   115,000 0 0
PRICELINE GRP INC DEBT 1.000% 3/1 741503AQ9 6,669 5,000,000 PRN   SOLE   5,000,000 0 0
RITE AID CORP NOTE 8.500% 5/1 767754BU7 14,628 5,000,000 PRN   SOLE   5,000,000 0 0
SANOFI RIGHT 12/31/2020 80105N113 631 799,076 SH   SOLE   799,076 0 0
TEREX CORP NEW NOTE 4.000% 6/0 880779AV5 8,744 5,000,000 PRN   SOLE   5,000,000 0 0
TESLA MTRS INC NOTE 1.500% 6/0 88160RAA9 16,763 9,000,000 PRN   SOLE   9,000,000 0 0
TOLL BROTHERS INC COM 889478103 529 15,430 SH   SOLE   15,430 0 0
WEBMD HEALTH CORP NOTE 2.250% 3/3 94770VAH5 7,057 7,000,000 PRN   SOLE   7,000,000 0 0
WEIGHT WATCHERS INTL INC NEW COM 948626106 869 35,000 SH   SOLE   35,000 0 0
WYNN RESORTS LTD COM 983134107 2,231 15,000 SH   SOLE   15,000 0 0
ZYNGA INC CL A 98986T108 767 288,500 SH   SOLE   288,500 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 744 65,000 SH   SOLE   65,000 0 0
SEADRILL LIMITED SHS G7945E105 2,985 250,000 SH   SOLE   250,000 0 0
AK STL HLDG CORP COM 001547108 46 100,000 SH Call SOLE   100,000 0 0
ADVANCED MICRO DEVICES INC COM 007903107 2 200,000 SH Call SOLE   200,000 0 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 1 300,000 SH Call SOLE   300,000 0 0
CELSION CORPORATION COM PAR $0.01 15117N404 0 49,500 SH Call SOLE   49,500 0 0
COBALT INTL ENERGY INC COM 19075F106 14 41,100 SH Call SOLE   41,100 0 0
MAST THERAPEUTICS INC COM 576314108 0 250,000 SH Call SOLE   250,000 0 0
THE ADT CORPORATION COM 00101J106 388 286,700 SH Put SOLE   286,700 0 0
ADOBE SYS INC COM 00724F101 158 736,200 SH Put SOLE   736,200 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 1,417 430,900 SH Put SOLE   430,900 0 0
AMAZON COM INC COM 023135106 102 30,000 SH Put SOLE   30,000 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 21 32,000 SH Put SOLE   32,000 0 0
ANNALY CAP MGMT INC COM 035710409 196 6,228,000 SH Put SOLE   6,228,000 0 0
APPLE INC COM 037833100 53 200,000 SH Put SOLE   200,000 0 0
ASHLAND INC NEW COM 044209104 70 145,000 SH Put SOLE   145,000 0 0
BEAZER HOMES USA INC COM NEW 07556Q881 25 35,000 SH Put SOLE   35,000 0 0
BEST BUY INC COM 086516101 0 154,100 SH Put SOLE   154,100 0 0
CBS CORP NEW CL B 124857202 65 261,500 SH Put SOLE   261,500 0 0
CIT GROUP INC COM NEW 125581801 409 513,100 SH Put SOLE   513,100 0 0
CATERPILLAR INC DEL COM 149123101 268 192,100 SH Put SOLE   192,100 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 0 3,486,740 SH Put SOLE   3,486,740 0 0
CENTURYLINK INC COM 156700106 327 292,200 SH Put SOLE   292,200 0 0
CHESAPEAKE ENERGY CORP COM 165167107 727 1,346,500 SH Put SOLE   1,346,500 0 0
CIENA CORP COM NEW 171779309 0 556,600 SH Put SOLE   556,600 0 0
CLIFFS NAT RES INC COM 18683K101 1,456 309,700 SH Put SOLE   309,700 0 0
COBALT INTL ENERGY INC COM 19075F106 3,698 1,223,700 SH Put SOLE   1,223,700 0 0
CONSTELLATION BRANDS INC CL A 21036P108 222 607,900 SH Put SOLE   607,900 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 84 1,531,200 SH Put SOLE   1,531,200 0 0
E TRADE FINANCIAL CORP COM NEW 269246401 259 1,209,500 SH Put SOLE   1,209,500 0 0
FACEBOOK INC CL A 30303M102 110 2,043,300 SH Put SOLE   2,043,300 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 0 169,100 SH Put SOLE   169,100 0 0
GENWORTH FINL INC COM CL A 37247D106 10 12,000 SH Put SOLE   12,000 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 0 90,000 SH Put SOLE   90,000 0 0
HEWLETT PACKARD CO COM 428236103 0 322,900 SH Put SOLE   322,900 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 165 86,400 SH Put SOLE   86,400 0 0
INTEROIL CORP COM 460951106 944 1,177,400 SH Put SOLE   1,177,400 0 0
KB HOME COM 48666K109 158 176,200 SH Put SOLE   176,200 0 0
BRANDS INC COM 501797104 53 23,200 SH Put SOLE   23,200 0 0
LENNAR CORP CL A 526057104 204 172,400 SH Put SOLE   172,400 0 0
LEXMARK INTL NEW CL A 529771107 0 235,000 SH Put SOLE   235,000 0 0
LINEAR TECHNOLOGY CORP COM 535678106 130 122,100 SH Put SOLE   122,100 0 0
MBIA INC COM 55262C100 1,052 2,638,800 SH Put SOLE   2,638,800 0 0
MGM RESORTS INTERNATIONAL COM 552953101 1,427 1,693,500 SH Put SOLE   1,693,500 0 0
MCDONALDS CORP COM 580135101 121 298,000 SH Put SOLE   298,000 0 0
MICRON TECHNOLOGY INC COM 595112103 74 1,480,700 SH Put SOLE   1,480,700 0 0
NETFLIX INC COM 64110L106 39 313,000 SH Put SOLE   313,000 0 0
PALO ALTO NETWORKS INC COM 697435105 33 156,300 SH Put SOLE   156,300 0 0
PEABODY ENERGY CORP COM 704549104 1,677 785,100 SH Put SOLE   785,100 0 0
PENNEY J C INC COM 708160106 3,914 5,055,000 SH Put SOLE   5,055,000 0 0
REALOGY HLDGS CORP COM 75605Y106 21 20,000 SH Put SOLE   20,000 0 0
RYLAND GROUP INC COM 783764103 4 53,500 SH Put SOLE   53,500 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 0 1,325,800 SH Put SOLE   1,325,800 0 0
SAFEWAY INC COM NEW 786514208 0 60,400 SH Put SOLE   60,400 0 0
SALESFORCE COM INC COM 79466L302 78 449,400 SH Put SOLE   449,400 0 0
TESORO CORP COM 881609101 195 98,100 SH Put SOLE   98,100 0 0
TESLA MTRS INC COM 88160R101 158 742,600 SH Put SOLE   742,600 0 0
U S G CORP COM NEW 903293405 257 163,000 SH Put SOLE   163,000 0 0
UNDER ARMOUR INC CL A 904311107 33 73,000 SH Put SOLE   73,000 0 0
UNITED CONTL HLDGS INC COM 910047109 0 802,600 SH Put SOLE   802,600 0 0
UNITED STATES STL CORP NEW COM 912909108 151 2,916,900 SH Put SOLE   2,916,900 0 0
VISA INC COM CL A 92826C839 59 220,500 SH Put SOLE   220,500 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 17 224,700 SH Put SOLE   224,700 0 0
WEBMD HEALTH CORP COM 94770V102 411 155,500 SH Put SOLE   155,500 0 0
WEIGHT WATCHERS INTL INC NEW COM 948626106 1,876 885,200 SH Put SOLE   885,200 0 0
WORKDAY INC CL A 98138H101 21 68,300 SH Put SOLE   68,300 0 0
WYNN RESORTS LTD COM 983134107 956 70,600 SH Put SOLE   70,600 0 0
YAHOO INC COM 984332106 49 536,200 SH Put SOLE   536,200 0 0
YELP INC CL A 985817105 156 150,000 SH Put SOLE   150,000 0 0
ZYNGA INC CL A 98986T108 312 810,000 SH Put SOLE   810,000 0 0
SEADRILL LIMITED SHS G7945E105 6,525 1,637,900 SH Put SOLE   1,637,900 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 88 25,000 SH Put SOLE   25,000 0 0