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 116 10,700 SH   SOLE   10,700 0 0
ALPHABET INC CAP STK CL C 02079K107 2,271 2,170 SH   SOLE   2,170 0 0
ALPHABET INC CAP STK CL A 02079K305 9,415 8,938 SH   SOLE   8,938 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 2,680 51,500 SH   SOLE   51,500 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 8,064 445,007 SH   SOLE   0 0 445,007
AMERICAN INTL GROUP INC COM NEW 026874784 179 3,000 SH   SOLE   3,000 0 0
AUTONATION INC COM 05329W102 2,587 50,400 SH   SOLE   50,400 0 0
AVIS BUDGET GROUP COM 053774105 11,064 252,150 SH   SOLE   252,150 0 0
AVIS BUDGET GROUP CALL 053774905 30 1,000 SH Call SOLE   0 0 1,000
BANK AMER CORP CALL 060505904 2,739 7,000 SH Call SOLE   0 0 7,000
BANK AMER CORP *W EXP 01/16/201 060505146 18,206 1,036,797 SH   SOLE   0 0 1,036,797
BANK AMER CORP COM 060505104 16,421 556,256 SH   SOLE   556,256 0 0
CA INC COM 12673P105 1,310 39,375 SH   SOLE   39,375 0 0
CELGENE CORP COM 151020104 7,609 72,909 SH   SOLE   72,909 0 0
CITIGROUP INC CALL 172967904 1,123 4,000 SH Call SOLE   0 0 4,000
CITIGROUP INC COM NEW 172967424 11,392 153,092 SH   SOLE   153,092 0 0
CONTROLADORA VUELA CIA DE AV SPON ADR RP 10 21240E105 18,189 2,267,950 SH   SOLE   2,267,950 0 0
CVS HEALTH CORP COM 126650100 211 2,910 SH   SOLE   2,910 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 5,629 100,511 SH   SOLE   100,511 0 0
DXC TECHNOLOGY CO COM 23355L106 206 2,173 SH   SOLE   2,173 0 0
EBAY INC COM 278642103 125 3,300 SH   SOLE   3,300 0 0
FACEBOOK INC CL A 30303M102 7,822 44,326 SH   SOLE   44,326 0 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 3,565 199,831 SH   SOLE   199,831 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 4,159 16,327 SH   SOLE   16,327 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 4,532 24,834 SH   SOLE   24,834 0 0
HERTZ GLOBAL HLDGS INC COM 42806J106 3,872 175,200 SH   SOLE   175,200 0 0
HEWLETT PACKARD ENTERPRISE C COM 42824C109 363 25,300 SH   SOLE   25,300 0 0
HP INC COM 40434L105 532 25,300 SH   SOLE   25,300 0 0
INTEL CORP COM 458140100 4,508 97,670 SH   SOLE   97,670 0 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 3,408 51,298 SH   SOLE   0 0 51,298
JPMORGAN CHASE & CO COM 46625H100 7,441 69,580 SH   SOLE   69,580 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 257 4,000 SH   SOLE   4,000 0 0
MGIC INVT CORP WIS CALL 552848903 1,669 7,500 SH Call SOLE   0 0 7,500
MGIC INVT CORP WIS COM 552848103 3,960 280,621 SH   SOLE   280,621 0 0
MICRO FOCUS INTERNATIONAL PL CALL 594837904 117 3,474 SH   SOLE   3,474 0 0
MICRON TECHNOLOGY INC COM 595112103 2,023 49,200 SH   SOLE   49,200 0 0
NETFLIX INC COM 64110L106 30,455 158,652 SH   SOLE   158,652 0 0
PAYPAL HLDGS INC COM 70450Y103 243 3,300 SH   SOLE   3,300 0 0
RADIAN GROUP INC COM 750236101 3,677 178,398 SH   SOLE   178,398 0 0
RADIAN GROUP INC CALL 750236901 1,095 3,000 SH Call SOLE   0 0 3,000
RYANAIR HLDGS PLC SPONSORED ADR NE 783513203 18,699 179,470 SH   SOLE   179,470 0 0
SPIRIT AIRLS INC COM 848577102 10,366 231,137 SH   SOLE   231,137 0 0
TELEFONICA BRASIL SA SPONSORED ADR 87936R106 2,683 180,892 SH   SOLE   180,892 0 0
UNITED CONTL HLDGS INC COM 910047109 2,225 33,010 SH   SOLE   33,010 0 0