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
AES CORP COM 00130H105 119 10,700 SH   SOLE   118,877 0 0
ALPHABET INC CAP STK CL C 02079K107 1,972 2,170 SH   SOLE   1,971,944 0 0
ALPHABET INC CAP STK CL A 02079K305 9,239 9,938 SH   SOLE   9,239,160 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 2,591 51,500 SH   SOLE   2,591,480 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 188 3,000 SH   SOLE   187,560 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 9,381 445,007 SH   SOLE   0 0 0
AUTONATION INC COM 05329W102 2,125 50,400 SH   SOLE   2,124,864 0 0
AVIS BUDGET GROUP COM 053774105 5,251 192,550 SH   SOLE   5,250,839 0 0
BANK AMER CORP *W EXP 01/16/201 060505146 12,483 1,036,797 SH   SOLE   0 0 0
BANK AMER CORP CALL 060505904 424 7,000 SH Call SOLE   0 0 0
BANK AMER CORP COM 060505104 14,332 590,756 SH   SOLE   14,331,741 0 0
CA INC COM 12673P105 1,357 39,375 SH   SOLE   1,357,256 0 0
CELGENE CORP COM 151020104 10,741 82,709 SH   SOLE   10,741,418 0 0
CITIGROUP INC COM NEW 172967424 11,155 166,792 SH   SOLE   11,155,049 0 0
CITIGROUP INC CALL 172967904 565 2,000 SH Call SOLE   0 0 0
CONTROLADORA VUELA CIA DE AV SPON ADR RP 10 21240E105 15,596 1,071,890 SH   SOLE   15,596,000 0 0
CVS HEALTH CORP COM 126650100 234 2,910 SH   SOLE   234,139 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 6,385 118,811 SH   SOLE   6,384,903 0 0
DISNEY WALT CO CALL 254687906 5 1,200 SH Call SOLE   0 0 0
FACEBOOK INC CALL 30303M902 253 500 SH Call SOLE   0 0 0
FACEBOOK INC CL A 30303M102 7,568 50,126 SH   SOLE   7,568,023 0 0
FIAT CHRYSLER AUTOMOBILES N CALL N31738902 25 1,000 SH Call SOLE   0 0 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 2,124 199,831 SH   SOLE   2,124,204 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 4,511 20,327 SH   SOLE   4,510,561 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 5,225 24,834 SH   SOLE   5,225,074 0 0
HERTZ GLOBAL HLDGS INC COM 42806J106 1,383 120,300 SH   SOLE   1,383,450 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 420 25,300 SH   SOLE   419,727 0 0
HP INC COM 40434L105 442 25,300 SH   SOLE   442,244 0 0
INTEL CORP COM 458140100 3,295 97,670 SH   SOLE   3,295,386 0 0
JPMORGAN CHASE & CO COM 46625H100 7,237 79,180 SH   SOLE   7,237,052 0 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 2,580 51,298 SH   SOLE   0 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 314 4,000 SH   SOLE   313,600 0 0
MGIC INVT CORP WIS COM 552848103 3,143 280,621 SH   SOLE   3,142,955 0 0
MGIC INVT CORP WIS CALL 552848903 685 10,000 SH Call SOLE   0 0 0
MICRON TECHNOLOGY INC COM 595112103 1,469 49,200 SH   SOLE   1,469,112 0 0
MORGAN STANLEY CALL 617446908 452 2,500 SH Call SOLE   0 0 0
NETFLIX INC COM 64110L106 24,526 164,152 SH   SOLE   24,525,950 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 1,313 84,400 SH   SOLE   1,313,264 0 0
PANDORA MEDIA INC COM 698354107 1,844 206,754 SH   SOLE   1,844,246 0 0
RADIAN GROUP INC COM 750236101 2,917 178,398 SH   SOLE   2,916,807 0 0
RADIAN GROUP INC CALL 750236901 515 6,000 SH Call SOLE   0 0 0
RYANAIR HLDGS PLC SPONSORED ADR NE 783513203 13,932 129,470 SH   SOLE   13,932,267 0 0
SELECT SECTOR SPDR TR CALL 81369Y905 209 3,000 SH Call SOLE   0 0 0
SPIRIT AIRLS INC COM 848577102 7,951 153,937 SH   SOLE   7,950,846 0 0
SPIRIT AIRLS INC CALL 848577902 108 1,000 SH Call SOLE   0 0 0
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 2,440 180,892 SH   SOLE   2,440,233 0 0
TEVA PHARMACEUTICAL INDS LTD CALL 881624909 362 1,800 SH Call SOLE   0 0 0
TWITTER INC CALL 90184L902 476 2,000 SH Call SOLE   0 0 0
UNITED CONTL HLDGS INC COM 910047109 2,484 33,010 SH   SOLE   2,484,003 0 0