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<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
	 <infoTable>
		<nameOfIssuer>3-D SYS CORP DEL</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>88554D205</cusip>
		<value>4522</value>
		<shrsOrPrnAmt>
			<sshPrnamt>103000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>103000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>51JOB INC</nameOfIssuer>
		<titleOfClass>SP ADR REP COM</titleOfClass>
		<cusip>316827104</cusip>
		<value>473</value>
		<shrsOrPrnAmt>
			<sshPrnamt>7000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>7000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ACTIVISION BLIZZARD INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00507V109</cusip>
		<value>7130</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>500000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ACUITY BRANDS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00508Y102</cusip>
		<value>13267</value>
		<shrsOrPrnAmt>
			<sshPrnamt>175677</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>175677</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>AERCAP HOLDINGS NV</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>N00985106</cusip>
		<value>6094</value>
		<shrsOrPrnAmt>
			<sshPrnamt>349039</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>349039</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ALBEMARLE CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>012653101</cusip>
		<value>6970</value>
		<shrsOrPrnAmt>
			<sshPrnamt>111890</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>111890</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ALLSTATE CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>020002101</cusip>
		<value>9624</value>
		<shrsOrPrnAmt>
			<sshPrnamt>200000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>200000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>AMDOCS LTD</nameOfIssuer>
		<titleOfClass>ORD</titleOfClass>
		<cusip>G02602103</cusip>
		<value>1506</value>
		<shrsOrPrnAmt>
			<sshPrnamt>40600</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>40600</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>AMERICAN INTL GROUP INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>026874784</cusip>
		<value>23870</value>
		<shrsOrPrnAmt>
			<sshPrnamt>534000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>534000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ANADARKO PETE CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>032511107</cusip>
		<value>42965</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>500000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>B/E AEROSPACE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>073302101</cusip>
		<value>11965</value>
		<shrsOrPrnAmt>
			<sshPrnamt>189676</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>189676</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>BANCORPSOUTH INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>059692103</cusip>
		<value>3203</value>
		<shrsOrPrnAmt>
			<sshPrnamt>180951</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>180951</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>BANK OF AMERICA CORPORATION</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>060505104</cusip>
		<value>9002</value>
		<shrsOrPrnAmt>
			<sshPrnamt>700000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>700000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>BARRICK GOLD CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>067901108</cusip>
		<value>1181</value>
		<shrsOrPrnAmt>
			<sshPrnamt>75000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>75000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>BARRICK GOLD CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>067901108</cusip>
		<value>19675</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1250000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1250000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>BLACKSTONE MTG TR INC</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>09257W100</cusip>
		<value>1235</value>
		<shrsOrPrnAmt>
			<sshPrnamt>50000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>50000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>BUFFALO WILD WINGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>119848109</cusip>
		<value>5266</value>
		<shrsOrPrnAmt>
			<sshPrnamt>53601</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>53601</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>CAPITAL ONE FINL CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>14040H105</cusip>
		<value>1570</value>
		<shrsOrPrnAmt>
			<sshPrnamt>25000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>25000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>CARTER INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>146229109</cusip>
		<value>7777</value>
		<shrsOrPrnAmt>
			<sshPrnamt>105000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>105000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>CEMEX SAB DE CV</nameOfIssuer>
		<titleOfClass>SPON ADR NEW</titleOfClass>
		<cusip>151290889</cusip>
		<value>12138</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1147260</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1147260</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>CHENIERE ENERGY INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>16411R208</cusip>
		<value>1666</value>
		<shrsOrPrnAmt>
			<sshPrnamt>60000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>60000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>CITIGROUP INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>172967424</cusip>
		<value>10553</value>
		<shrsOrPrnAmt>
			<sshPrnamt>220000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>220000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>COLFAX CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>194014106</cusip>
		<value>4148</value>
		<shrsOrPrnAmt>
			<sshPrnamt>79600</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>79600</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>COMCAST CORP NEW</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>20030N101</cusip>
		<value>18788</value>
		<shrsOrPrnAmt>
			<sshPrnamt>450000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>450000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>CON-WAY INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>205944101</cusip>
		<value>6066</value>
		<shrsOrPrnAmt>
			<sshPrnamt>155698</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>155698</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>COOPER COS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>216648402</cusip>
		<value>7081</value>
		<shrsOrPrnAmt>
			<sshPrnamt>59479</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>59479</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>COOPER COS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>216648402</cusip>
		<value>15477</value>
		<shrsOrPrnAmt>
			<sshPrnamt>130000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>130000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>COVANCE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>222816100</cusip>
		<value>1142</value>
		<shrsOrPrnAmt>
			<sshPrnamt>15000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>15000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>CREE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>225447101</cusip>
		<value>638</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>10000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>CTRIP COM INTL LTD</nameOfIssuer>
		<titleOfClass>AMERICAN DEP SHS</titleOfClass>
		<cusip>22943F100</cusip>
		<value>581</value>
		<shrsOrPrnAmt>
			<sshPrnamt>17800</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>17800</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>CVB FINL CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>126600105</cusip>
		<value>2154</value>
		<shrsOrPrnAmt>
			<sshPrnamt>183200</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>183200</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>CVS CAREMARK CORPORATION</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>126650100</cusip>
		<value>2573</value>
		<shrsOrPrnAmt>
			<sshPrnamt>45000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>45000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>CVS CAREMARK CORPORATION</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>126650100</cusip>
		<value>11436</value>
		<shrsOrPrnAmt>
			<sshPrnamt>200000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>200000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>DELTA AIR LINES INC DEL</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>247361702</cusip>
		<value>7168</value>
		<shrsOrPrnAmt>
			<sshPrnamt>383106</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>383106</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>DISCOVER FINL SVCS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>254709108</cusip>
		<value>1191</value>
		<shrsOrPrnAmt>
			<sshPrnamt>25000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>25000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>DISH NETWORK CORP</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>25470M109</cusip>
		<value>31465</value>
		<shrsOrPrnAmt>
			<sshPrnamt>740000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>740000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>DISNEY WALT CO</nameOfIssuer>
		<titleOfClass>COM DISNEY</titleOfClass>
		<cusip>254687106</cusip>
		<value>9363</value>
		<shrsOrPrnAmt>
			<sshPrnamt>148260</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>148260</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>DOW CHEM CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>260543103</cusip>
		<value>6507</value>
		<shrsOrPrnAmt>
			<sshPrnamt>202273</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>202273</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>DU PONT E I DE NEMOURS &amp; CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>263534109</cusip>
		<value>17325</value>
		<shrsOrPrnAmt>
			<sshPrnamt>330000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>330000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>EAGLE MATERIALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>26969P108</cusip>
		<value>6611</value>
		<shrsOrPrnAmt>
			<sshPrnamt>99763</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>99763</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>EATON CORP PLC</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G29183103</cusip>
		<value>7416</value>
		<shrsOrPrnAmt>
			<sshPrnamt>112694</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>112694</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>EBAY INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>278642103</cusip>
		<value>1888</value>
		<shrsOrPrnAmt>
			<sshPrnamt>36500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>36500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>EMBRAER S A</nameOfIssuer>
		<titleOfClass>SP ADR REP 4 COM</titleOfClass>
		<cusip>29082A107</cusip>
		<value>1184</value>
		<shrsOrPrnAmt>
			<sshPrnamt>32100</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>32100</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>EXONE CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>302104104</cusip>
		<value>926</value>
		<shrsOrPrnAmt>
			<sshPrnamt>15000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>15000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>FIRST NBC BK HLDG CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>32115D106</cusip>
		<value>2074</value>
		<shrsOrPrnAmt>
			<sshPrnamt>85000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>85000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>FIRST NIAGARA FINL GP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>33582V108</cusip>
		<value>1549</value>
		<shrsOrPrnAmt>
			<sshPrnamt>153848</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>153848</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>FLEXTRONICS INTL LTD</nameOfIssuer>
		<titleOfClass>ORD</titleOfClass>
		<cusip>Y2573F102</cusip>
		<value>831</value>
		<shrsOrPrnAmt>
			<sshPrnamt>107300</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>107300</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>FLOWSERVE CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>34354P105</cusip>
		<value>7035</value>
		<shrsOrPrnAmt>
			<sshPrnamt>130248</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>130248</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>FORD MTR CO DEL</nameOfIssuer>
		<titleOfClass>COM PAR $0.01</titleOfClass>
		<cusip>345370860</cusip>
		<value>7735</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>500000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>FORD MTR CO DEL</nameOfIssuer>
		<titleOfClass>COM PAR $0.01</titleOfClass>
		<cusip>345370860</cusip>
		<value>46410</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3000000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>3000000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>GENERAL MTRS CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>37045V100</cusip>
		<value>21652</value>
		<shrsOrPrnAmt>
			<sshPrnamt>650000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>650000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>GILEAD SCIENCES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>375558103</cusip>
		<value>6409</value>
		<shrsOrPrnAmt>
			<sshPrnamt>125000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>125000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>GOOGLE INC</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>38259P508</cusip>
		<value>10072</value>
		<shrsOrPrnAmt>
			<sshPrnamt>11441</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>11441</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>GRAINGER W W INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>384802104</cusip>
		<value>6961</value>
		<shrsOrPrnAmt>
			<sshPrnamt>27604</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>27604</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>GREEN MTN COFFEE ROASTERS IN</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>393122106</cusip>
		<value>5265</value>
		<shrsOrPrnAmt>
			<sshPrnamt>70000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>70000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>HARTFORD FINL SVCS GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>416515104</cusip>
		<value>33046</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1068764</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1068764</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>HERBALIFE LTD</nameOfIssuer>
		<titleOfClass>COM USD SHS</titleOfClass>
		<cusip>G4412G101</cusip>
		<value>22570</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>500000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>HOME DEPOT INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>437076102</cusip>
		<value>4648</value>
		<shrsOrPrnAmt>
			<sshPrnamt>60000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>60000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>HOWARD HUGHES CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>44267D107</cusip>
		<value>14908</value>
		<shrsOrPrnAmt>
			<sshPrnamt>133000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>133000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>INGERSOLL-RAND PLC</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G47791101</cusip>
		<value>7090</value>
		<shrsOrPrnAmt>
			<sshPrnamt>127702</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>127702</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>INTELSAT S A</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>L5140P101</cusip>
		<value>10000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>500000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>INTERACTIVE BROKERS GROUP IN</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>45841N107</cusip>
		<value>1833</value>
		<shrsOrPrnAmt>
			<sshPrnamt>114798</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>114798</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ISHARES INC</nameOfIssuer>
		<titleOfClass>MSCI STH KOR CAP</titleOfClass>
		<cusip>464286772</cusip>
		<value>7980</value>
		<shrsOrPrnAmt>
			<sshPrnamt>150000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>150000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ISHARES TR</nameOfIssuer>
		<titleOfClass>BARCLYS MBS BD</titleOfClass>
		<cusip>464288588</cusip>
		<value>42092</value>
		<shrsOrPrnAmt>
			<sshPrnamt>50000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>50000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ISHARES TR</nameOfIssuer>
		<titleOfClass>JPMORGAN USD</titleOfClass>
		<cusip>464288281</cusip>
		<value>10953</value>
		<shrsOrPrnAmt>
			<sshPrnamt>100000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>100000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ISHARES TR</nameOfIssuer>
		<titleOfClass>BARCLYS MBS BD</titleOfClass>
		<cusip>464288588</cusip>
		<value>5262</value>
		<shrsOrPrnAmt>
			<sshPrnamt>400000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>400000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ISHARES TR</nameOfIssuer>
		<titleOfClass>HIGH YLD CORP</titleOfClass>
		<cusip>464288513</cusip>
		<value>28173</value>
		<shrsOrPrnAmt>
			<sshPrnamt>310000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>310000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ISHARES TR</nameOfIssuer>
		<titleOfClass>US PFD STK IDX</titleOfClass>
		<cusip>464288687</cusip>
		<value>15712</value>
		<shrsOrPrnAmt>
			<sshPrnamt>400000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>400000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ISHARES TR</nameOfIssuer>
		<titleOfClass>MSCI EMERG MKT</titleOfClass>
		<cusip>464287234</cusip>
		<value>20093</value>
		<shrsOrPrnAmt>
			<sshPrnamt>521900</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>521900</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ISHARES TR</nameOfIssuer>
		<titleOfClass>MSCI EMERG MKT</titleOfClass>
		<cusip>464287234</cusip>
		<value>38500</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1000000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1000000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ISHARES TR</nameOfIssuer>
		<titleOfClass>RUSSELL 2000</titleOfClass>
		<cusip>464287655</cusip>
		<value>145500</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1500000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>JA SOLAR HOLDINGS CO LTD</nameOfIssuer>
		<titleOfClass>SPON ADR REP5ORD</titleOfClass>
		<cusip>466090206</cusip>
		<value>72</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>10000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>JARDEN CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>471109108</cusip>
		<value>9625</value>
		<shrsOrPrnAmt>
			<sshPrnamt>220000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>220000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>JINKOSOLAR HLDG CO LTD</nameOfIssuer>
		<titleOfClass>SPONSORED ADR</titleOfClass>
		<cusip>47759T100</cusip>
		<value>131</value>
		<shrsOrPrnAmt>
			<sshPrnamt>14500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>14500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>KANSAS CITY SOUTHERN</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>485170302</cusip>
		<value>6723</value>
		<shrsOrPrnAmt>
			<sshPrnamt>63449</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>63449</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>LAS VEGAS SANDS CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>517834107</cusip>
		<value>6616</value>
		<shrsOrPrnAmt>
			<sshPrnamt>125000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>125000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>LIBERTY INTERACTIVE CORP</nameOfIssuer>
		<titleOfClass>LBT VENT COM A</titleOfClass>
		<cusip>53071M880</cusip>
		<value>11238</value>
		<shrsOrPrnAmt>
			<sshPrnamt>132197</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>132197</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>LINKEDIN CORP</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>53578A108</cusip>
		<value>7667</value>
		<shrsOrPrnAmt>
			<sshPrnamt>43000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>43000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>LITTELFUSE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>537008104</cusip>
		<value>3210</value>
		<shrsOrPrnAmt>
			<sshPrnamt>43018</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>43018</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>LOUISIANA PAC CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>546347105</cusip>
		<value>5532</value>
		<shrsOrPrnAmt>
			<sshPrnamt>374061</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>374061</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>MACYS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>55616P104</cusip>
		<value>5782</value>
		<shrsOrPrnAmt>
			<sshPrnamt>120467</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>120467</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>MADISON SQUARE GARDEN CO</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>55826P100</cusip>
		<value>4444</value>
		<shrsOrPrnAmt>
			<sshPrnamt>75000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>75000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>MARRIOTT INTL INC NEW</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>571903202</cusip>
		<value>2384</value>
		<shrsOrPrnAmt>
			<sshPrnamt>59062</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>59062</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>MARTIN MARIETTA MATLS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>573284106</cusip>
		<value>6396</value>
		<shrsOrPrnAmt>
			<sshPrnamt>64990</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>64990</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>MCGRAW HILL FINL INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>580645109</cusip>
		<value>2660</value>
		<shrsOrPrnAmt>
			<sshPrnamt>50000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>50000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>MERCK &amp; CO INC NEW</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>58933Y105</cusip>
		<value>232</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>5000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>MICHAEL KORS HLDGS LTD</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G60754101</cusip>
		<value>8768</value>
		<shrsOrPrnAmt>
			<sshPrnamt>141373</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>141373</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>MONSANTO CO NEW</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>61166W101</cusip>
		<value>24700</value>
		<shrsOrPrnAmt>
			<sshPrnamt>250000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>250000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>MORGAN STANLEY</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>617446448</cusip>
		<value>127891</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5235004</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>5235004</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>NATIONAL FINL PARTNERS CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>63607P208</cusip>
		<value>5695</value>
		<shrsOrPrnAmt>
			<sshPrnamt>225000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>225000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>NAVISTAR INTL CORP NEW</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>63934E108</cusip>
		<value>5741</value>
		<shrsOrPrnAmt>
			<sshPrnamt>206816</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>206816</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>NEW ORIENTAL ED &amp; TECH GRP I</nameOfIssuer>
		<titleOfClass>SPON ADR</titleOfClass>
		<cusip>647581107</cusip>
		<value>735</value>
		<shrsOrPrnAmt>
			<sshPrnamt>33200</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>33200</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>NEW YORK CMNTY BANCORP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>649445103</cusip>
		<value>1001</value>
		<shrsOrPrnAmt>
			<sshPrnamt>71500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>71500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>NICE SYS LTD</nameOfIssuer>
		<titleOfClass>SPONSORED ADR</titleOfClass>
		<cusip>653656108</cusip>
		<value>258</value>
		<shrsOrPrnAmt>
			<sshPrnamt>7000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>7000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>NORDSTROM INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>655664100</cusip>
		<value>3192</value>
		<shrsOrPrnAmt>
			<sshPrnamt>53250</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>53250</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>OLD DOMINION FGHT LINES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>679580100</cusip>
		<value>19359</value>
		<shrsOrPrnAmt>
			<sshPrnamt>465131</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>465131</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>PACCAR INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>693718108</cusip>
		<value>5058</value>
		<shrsOrPrnAmt>
			<sshPrnamt>94260</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>94260</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>PARKER HANNIFIN CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>701094104</cusip>
		<value>7223</value>
		<shrsOrPrnAmt>
			<sshPrnamt>75710</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>75710</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>POPULAR INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>733174700</cusip>
		<value>2041</value>
		<shrsOrPrnAmt>
			<sshPrnamt>67200</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>67200</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>POWERSHARES ETF TR II</nameOfIssuer>
		<titleOfClass>KBW BK PORT</titleOfClass>
		<cusip>73937B746</cusip>
		<value>2996</value>
		<shrsOrPrnAmt>
			<sshPrnamt>95000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>95000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>PRAXAIR INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>74005P104</cusip>
		<value>17274</value>
		<shrsOrPrnAmt>
			<sshPrnamt>150000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>150000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>PROTO LABS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>743713109</cusip>
		<value>650</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>10000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>PRUDENTIAL FINL INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>744320102</cusip>
		<value>5842</value>
		<shrsOrPrnAmt>
			<sshPrnamt>80000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>80000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>QLIK TECHNOLOGIES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>74733T105</cusip>
		<value>5937</value>
		<shrsOrPrnAmt>
			<sshPrnamt>210000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>210000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>QUIKSILVER INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>74838C106</cusip>
		<value>3220</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>500000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>REALOGY HLDGS CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>75605Y106</cusip>
		<value>6769</value>
		<shrsOrPrnAmt>
			<sshPrnamt>140909</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>140909</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>REGIONS FINL CORP NEW</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>7591EP100</cusip>
		<value>953</value>
		<shrsOrPrnAmt>
			<sshPrnamt>100000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>100000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>RELIANCE STEEL &amp; ALUMINUM CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>759509102</cusip>
		<value>6835</value>
		<shrsOrPrnAmt>
			<sshPrnamt>104252</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>104252</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>RYDER SYS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>783549108</cusip>
		<value>3647</value>
		<shrsOrPrnAmt>
			<sshPrnamt>60000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>60000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>SAKS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>79377W108</cusip>
		<value>90028</value>
		<shrsOrPrnAmt>
			<sshPrnamt>6600275</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>6600275</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>SCHEIN HENRY INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>806407102</cusip>
		<value>1344</value>
		<shrsOrPrnAmt>
			<sshPrnamt>14033</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>14033</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
		<titleOfClass>SBI INT-FINL</titleOfClass>
		<cusip>81369Y605</cusip>
		<value>81079</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4169633</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>4169633</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>SEMGROUP CORP</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>81663A105</cusip>
		<value>2693</value>
		<shrsOrPrnAmt>
			<sshPrnamt>50000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>50000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>SHERWIN WILLIAMS CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>824348106</cusip>
		<value>6425</value>
		<shrsOrPrnAmt>
			<sshPrnamt>36381</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>36381</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>SILICONWARE PRECISION INDS L</nameOfIssuer>
		<titleOfClass>SPONSD ADR SPL</titleOfClass>
		<cusip>827084864</cusip>
		<value>323</value>
		<shrsOrPrnAmt>
			<sshPrnamt>51487</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>51487</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>SOTHEBYS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>835898107</cusip>
		<value>7059</value>
		<shrsOrPrnAmt>
			<sshPrnamt>186205</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>186205</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
		<titleOfClass>TR UNIT</titleOfClass>
		<cusip>78462F103</cusip>
		<value>9946</value>
		<shrsOrPrnAmt>
			<sshPrnamt>62000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>62000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
		<titleOfClass>TR UNIT</titleOfClass>
		<cusip>78462F103</cusip>
		<value>336882</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2100000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2100000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer>
		<titleOfClass>S&amp;P BK ETF</titleOfClass>
		<cusip>78464A797</cusip>
		<value>14239</value>
		<shrsOrPrnAmt>
			<sshPrnamt>495777</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>495777</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer>
		<titleOfClass>S&amp;P HOMEBUILD</titleOfClass>
		<cusip>78464A888</cusip>
		<value>20138</value>
		<shrsOrPrnAmt>
			<sshPrnamt>684500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>684500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>ST JOE CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>790148100</cusip>
		<value>9317</value>
		<shrsOrPrnAmt>
			<sshPrnamt>442600</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>442600</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>STARBUCKS CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>855244109</cusip>
		<value>655</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>10000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>STARWOOD PPTY TR INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>85571B105</cusip>
		<value>1856</value>
		<shrsOrPrnAmt>
			<sshPrnamt>75000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>75000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>STERICYCLE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>858912108</cusip>
		<value>7730</value>
		<shrsOrPrnAmt>
			<sshPrnamt>70000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>70000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>STERLING FINL CORP WASH</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>859319303</cusip>
		<value>3963</value>
		<shrsOrPrnAmt>
			<sshPrnamt>166672</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>166672</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>SUNTRUST BKS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>867914103</cusip>
		<value>1579</value>
		<shrsOrPrnAmt>
			<sshPrnamt>50000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>50000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>SYNOVUS FINL CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>87161C105</cusip>
		<value>32268</value>
		<shrsOrPrnAmt>
			<sshPrnamt>11050633</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>11050633</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>TEVA PHARMACEUTICAL INDS LTD</nameOfIssuer>
		<titleOfClass>ADR</titleOfClass>
		<cusip>881624209</cusip>
		<value>2442</value>
		<shrsOrPrnAmt>
			<sshPrnamt>62300</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>62300</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>TIMKEN CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>887389104</cusip>
		<value>14202</value>
		<shrsOrPrnAmt>
			<sshPrnamt>252354</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>252354</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>TOLL BROTHERS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>889478103</cusip>
		<value>3425</value>
		<shrsOrPrnAmt>
			<sshPrnamt>104965</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>104965</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>TRACTOR SUPPLY CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>892356106</cusip>
		<value>14963</value>
		<shrsOrPrnAmt>
			<sshPrnamt>127292</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>127292</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>TWO HBRS INVT CORP</nameOfIssuer>
		<titleOfClass>*W EXP 11/07/201</titleOfClass>
		<cusip>90187B101</cusip>
		<value>2104</value>
		<shrsOrPrnAmt>
			<sshPrnamt>205300</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>205300</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>U S AIRWAYS GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>90341W108</cusip>
		<value>7120</value>
		<shrsOrPrnAmt>
			<sshPrnamt>433595</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>433595</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>UNION PAC CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>907818108</cusip>
		<value>16892</value>
		<shrsOrPrnAmt>
			<sshPrnamt>109492</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>109492</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>UNITED CONTL HLDGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>910047109</cusip>
		<value>6430</value>
		<shrsOrPrnAmt>
			<sshPrnamt>205489</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>205489</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>UNITED MICROELECTRONICS CORP</nameOfIssuer>
		<titleOfClass>SPON ADR NEW</titleOfClass>
		<cusip>910873405</cusip>
		<value>244</value>
		<shrsOrPrnAmt>
			<sshPrnamt>104600</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>104600</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>UNITED PARCEL SERVICE INC</nameOfIssuer>
		<titleOfClass>CL B</titleOfClass>
		<cusip>911312106</cusip>
		<value>5621</value>
		<shrsOrPrnAmt>
			<sshPrnamt>65000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>65000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>UNITED RENTALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>911363109</cusip>
		<value>37773</value>
		<shrsOrPrnAmt>
			<sshPrnamt>756819</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>756819</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>US BANCORP DEL</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>902973304</cusip>
		<value>5423</value>
		<shrsOrPrnAmt>
			<sshPrnamt>150000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>150000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>WATSCO INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>942622200</cusip>
		<value>6728</value>
		<shrsOrPrnAmt>
			<sshPrnamt>80132</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>80132</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>WHIRLPOOL CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>963320106</cusip>
		<value>572</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>5000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>WHIRLPOOL CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>963320106</cusip>
		<value>8005</value>
		<shrsOrPrnAmt>
			<sshPrnamt>70000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>70000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>WILSHIRE BANCORP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>97186T108</cusip>
		<value>1795</value>
		<shrsOrPrnAmt>
			<sshPrnamt>271200</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>271200</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>YINGLI GREEN ENERGY HLDG CO</nameOfIssuer>
		<titleOfClass>ADR</titleOfClass>
		<cusip>98584B103</cusip>
		<value>205</value>
		<shrsOrPrnAmt>
			<sshPrnamt>63300</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>63300</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	 <infoTable>
		<nameOfIssuer>YPF SOCIEDAD ANONIMA</nameOfIssuer>
		<titleOfClass>SPON ADR CL D</titleOfClass>
		<cusip>984245100</cusip>
		<value>393</value>
		<shrsOrPrnAmt>
			<sshPrnamt>26600</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>26600</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
</informationTable>
