0001193125-12-059978.txt : 20120214 0001193125-12-059978.hdr.sgml : 20120214 20120214141253 ACCESSION NUMBER: 0001193125-12-059978 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 EFFECTIVENESS DATE: 20120214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hudson Bay Capital Management LP CENTRAL INDEX KEY: 0001393825 IRS NUMBER: 371511173 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12909 FILM NUMBER: 12607665 BUSINESS ADDRESS: STREET 1: 777 THIRD AVE., 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-571-1244 MAIL ADDRESS: STREET 1: 777 THIRD AVE., 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: Hudson Bay Capital Management, L.P. DATE OF NAME CHANGE: 20070320 13F-HR 1 d300387d13fhr.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2011 ---------------------------- Check here if Amendment [ ]; Amendment Number: ----- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Hudson Bay Capital Management LP -------------------------------------------------- Address: 777 Third Ave, 30th Floor -------------------------------------------------- New York, New York 10017 -------------------------------------------------- -------------------------------------------------- Form 13F File Number: 028-12909 ------------------ The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Charles Winkler -------------------------------------------------- Title: Chief Operating Officer -------------------------------------------------- Phone: (212) 571-1244 -------------------------------------------------- Signature, Place, and Date of Signing: /s/Charles Winkler New York, NY 2/14/12 ------------------------ -------------------------- --------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ------------- Form 13F Information Table Entry Total: 331 ------------- Form 13F Information Table Value Total: $1,780,121 ------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE

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 MANAGERS SOLE SHARED NONE --------------------------- ---------------- --------- --------- ---------- --- ---- ---------- -------- -------- ---------- ---- * SPDR S&P 500 ETF TR PUT 78462F953 3,765 30,000 PUT SOLE 30,000 99 CENTS ONLY STORES COM 65440K106 6,637 302,361 SH SOLE 302,361 AASTROM BIOSCIENCES INC COM NEW 00253U305 163 89,438 SH SOLE 89,438 ACE LTD CALL H0023R905 421 6,000 CALL SOLE 6,000 ACE LTD PUT H0023R955 877 12,500 PUT SOLE 12,500 ADVANCED ANALOGIC TECHNOLOGI COM 00752J108 3,303 571,368 SH SOLE 571,368 ADVENTRX PHARMACEUTICALS INC COM NEW 00764X202 288 495,734 SH SOLE 495,734 AFLAC INC CALL 001055902 398 9,200 CALL SOLE 9,200 AFLAC INC PUT 001055952 722 16,700 PUT SOLE 16,700 AGFEED INDUSTRIES INC CALL 00846L901 11 29,300 CALL SOLE 29,300 AGNICO EAGLE MINES LTD CALL 008474908 214 5,900 CALL SOLE 5,900 AGNICO EAGLE MINES LTD PUT 008474958 726 20,000 PUT SOLE 20,000 ALLIED NEVADA GOLD CORP PUT 019344950 273 9,000 PUT SOLE 9,000 ALLSTATE CORP CALL 020002901 260 9,500 CALL SOLE 9,500

ALLSTATE CORP PUT 020002951 499 18,200 PUT SOLE 18,200 ALTRIA GROUP INC PUT 02209S953 371 12,500 PUT SOLE 12,500 AMAZON COM COM 023135106 325 1,880 SH SOLE 1,880 AMAZON COM INC PUT 023135956 415 2,400 PUT SOLE 2,400 AMERICAN DENTAL PARTNERS COM 025353103 7,392 392,580 SH SOLE 392,580 AMERICANEXPRESS CO CALL 025816909 1,288 27,300 CALL SOLE 27,300 AMERICANEXPRESS CO PUT 025816959 1,307 27,700 PUT SOLE 27,700 AMERICANINTL GROUP INC CALL 026874904 244 10,500 CALL SOLE 10,500 AMERICANINTL GROUP INC PUT 026874954 406 17,500 PUT SOLE 17,500 AMERIPRISE FINL INC CALL 03076C906 283 5,700 CALL SOLE 5,700 AMERIPRISE FINL INC PUT 03076C956 382 7,700 PUT SOLE 7,700 ANGLOGOLD ASHANTI LTD CALL 035128906 539 12,700 CALL SOLE 12,700 ANGLOGOLD ASHANTI LTD PUT 035128956 955 22,500 PUT SOLE 22,500 AON CORP CALL 037389903 402 8,600 CALL SOLE 8,600 AON CORP PUT 037389953 421 9,000 PUT SOLE 9,000 ARMOUR RESIDENTIAL REIT INC *W EXP 11/07/201 042315119 6 407,000 PRN SOLE 407,000 AURICO GOLD INC CALL 05155C905 127 15,800 CALL SOLE 15,800 AURICO GOLD INC PUT 05155C955 213 26,600 PUT SOLE 26,600 AUSTRALIA ACQUISITION CORP SHS G06368107 368 37,600 SH SOLE 37,600 AVALONBAY CMNTYS INC CALL 053484901 287 2,200 CALL SOLE 2,200 AVALONBAY CMNTYS INC PUT 053484951 353 2,700 PUT SOLE 2,700 AVON PRODS INC PUT 054303952 210 12,000 PUT SOLE 12,000 BANK OF AMERICA CORP COM 060505104 24,063 4,327,797 SH SOLE 4,327,797 BANK OF AMERICA CORP-CW19 A *W EXP 01/16/201 060505146 2,245 1,111,182 PRN SOLE 1,111,182 BANK OF AMERICA CORP-CW19 B *W EXP 10/28/201 060505153 190 644,270 PRN SOLE 644,270 BANK OF AMERICA CORPORATION CALL 060505904 8,991 1,617,100 CALL SOLE 1,617,100 BANK OF AMERICA CORPORATION PUT 060505954 23,602 4,244,900 PUT SOLE 4,244,900 BANK OF NEW YORK MELLON CORP CALL 064058900 685 34,400 CALL SOLE 34,400 BANK OF NEW YORK MELLON CORP PUT 064058950 629 31,600 PUT SOLE 31,600 BARRICK GOLD CORP CALL 067901908 1,615 35,700 CALL SOLE 35,700 BARRICK GOLD CORP PUT 067901958 2,389 52,800 PUT SOLE 52,800 BB&T CORP CALL 054937907 488 19,400 CALL SOLE 19,400 BB&T CORP PUT 054937957 481 19,100 PUT SOLE 19,100 BERKSHIRE HATHAWAY INC DEL CALL 084670902 4,151 54,400 CALL SOLE 54,400 BERKSHIRE HATHAWAY INC DEL PUT 084670952 3,258 42,700 PUT SOLE 42,700 BIOGEN IDEC INC COM 09062X103 770 7,000 SH SOLE 7,000 BLACKROCK CALL 09247X901 499 2,800 CALL SOLE 2,800 BLACKROCK PUT 09247X951 499 2,800 PUT SOLE 2,800 BLUE COAT SYSTEMS INC COM NEW 09534T508 3,153 123,885 SH SOLE 123,885 BLUE COAT SYSTEMS INC CALL 09534T908 13,094 514,500 CALL SOLE 514,500 BOSTON PROPERTIES INC CALL 101121901 568 5,700 CALL SOLE 5,700 CAPITAL ONE FINANCIAL C-CW18 *W EXP 11/14/201 14040H139 1,414 96,822 PRN SOLE 96,822 CAPITAL ONE FINL CORP CALL 14040H905 626 14,800 CALL SOLE 14,800 CAPITAL ONE FINL CORP PUT 14040H955 448 10,600 PUT SOLE 10,600 CELL THERAPEUTICS INC PUT 150934952 33 28,800 PUT SOLE 28,800 CHUBB CORP CALL 171232901 491 7,100 CALL SOLE 7,100 CHUBB CORP PUT 171232951 581 8,400 PUT SOLE 8,400 CITIGROUP INC COM NEW 172967424 2,536 96,376 SH SOLE 96,376 CITIGROUP INC CALL 172967904 6,841 260,000 CALL SOLE 260,000 CITIGROUP INC PUT 172967954 9,766 371,200 PUT SOLE 72,900 CLEAN ENERGY FUELS CORP COM 184499101 803 64,442 SH SOLE 64,442 CLEAN ENERGY FUELS CORP PUT 184499951 244 19,600 PUT SOLE 19,600 CME GROUP INC CALL 12572Q905 585 2,400 CALL SOLE 2,400 CME GROUP INC PUT 12572Q955 292 1,200 PUT SOLE 1,200 CMS ENERGY CORP NOTE 125896AW0 74,852 42,519,000 SH SOLE 42,519,000 COCA COLA COM 191216100 404 5,778 SH SOLE 5,778 COCA COLA CO PUT 191216950 980 14,000 PUT SOLE 14,000 COGDELL SPENCER INC COM 19238U107 2,817 662,715 SH SOLE 662,715 COLGATE PALMOLIVE CO PUT 194162953 323 3,500 PUT SOLE 3,500 COMCAST CORP NEW PUT 20030N951 206 8,700 PUT SOLE 8,700 COMERICA INC-CW18 (CMA/WS) *W EXP 11/14/201 200340115 1,178 218,976 PRN SOLE 218,976 COMPANIA DE MINAS BUENAVENTU CALL 204448904 552 14,400 CALL SOLE 14,400 COMPLETE PRODUCTION SERVICES COM 20453E109 6,818 203,159 SH SOLE 203,159 CONCEPTUS INC COM 206016107 5,515 436,346 SH SOLE 436,346 CONSTELLATION ENERGY GROUP COM 210371100 12,842 323,731 SH SOLE 323,731 CORNERSTONE STRATEGIC VALUE COM NEW 21924B203 1,216 184,492 SH SOLE 184,492 COSTCO WHSL CORP NEW PUT 22160K955 283 3,400 PUT SOLE 3,400 CVSCAREMARK CORPORATION PUT 126650950 469 11,500 PUT SOLE 11,500 CYTORI THERAPEUTICS INC - CW1 *W EXP 09/13/201 23283K113 106 106,326 PRN SOLE 106,326 DELPHI FINANCIAL GROUP - DFG CL A 247131105 7,252 163,700 SH SOLE 163,700 DEMANDTEC INC COM NEW 24802R506 10,587 803,865 SH SOLE 803,865 DERMA SCIENCES INC COM PAR $.01 249827502 1,620 213,728 SH SOLE 213,728 DEUTSCHE BANK AG -REG NAMEN AKT D18190898 515 13,600 SH SOLE 13,600 DEUTSCHE BANK AG -REG PUT D18190958 515 13,600 PUT SOLE 13,600 DEVELOPERS DIVERSIFIED NOTE 251591AX1 24,439 25,000,000 SH SOLE 25,000,000 DIRECTV PUT 25490A951 205 4,800 PUT SOLE 4,800 DISCOVER FINL SVCS CALL 254709908 310 12,900 CALL SOLE 12,900 DISCOVER FINL SVCS PUT 254709958 338 14,100 PUT SOLE 14,100 DISNEY WALT CO PUT 254687956 225 6,000 PUT SOLE 6,000 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 2,614 37,200 SH SOLE 37,200 EL PASO CORPORATION COM 28336L109 21,144 795,795 SH SOLE 795,795 ELDORADO GOLD CORP NEW CALL 284902903 433 31,600 CALL SOLE 31,600 ELDORADO GOLD CORP NEW PUT 284902953 599 43,700 PUT SOLE 43,700 EQUITY RESIDENTIAL CALL 29476L907 325 5,700 CALL SOLE 5,700 EQUITY RESIDENTIAL PUT 29476L957 542 9,500 PUT SOLE 9,500 EXCO RESOURCES INC COM 269279402 347 33,219 SH SOLE 33,219 EXIDE TECHNOLOGIES PUT 302051956 118 45,000 PUT SOLE 45,000 EXPRESS SCRIPTS INC CALL 302182900 6,704 150,000 CALL SOLE 150,000 FAIRPOINT COMMUNICATIONS INCCOM COM NEW 305560302 433 100,000 SH SOLE 100,000 FEDERATED INVESTORS INC -CL B CL B 314211103 317 20,900 SH SOLE 20,900 FEDERATED INVS INC PA PUT 314211953 688 45,400 PUT SOLE 45,400 FIFTH THIRD BANCORP CALL 316773900 275 21,600 CALL SOLE 21,600 FIFTH THIRD BANCORP PUT 316773950 317 24,900 PUT SOLE 24,900 FIRST FINANCIAL BANCORP-CW18 *W EXP 12/23/201 320209117 71 14,337 PRN SOLE 14,337 FIRSTMAJESTIC SILVER CORP CALL 32076V903 337 20,000 CALL SOLE 20,000 FIRSTMAJESTIC SILVER CORP PUT 32076V953 224 13,300 PUT SOLE 13,300 FORD MTR CO DEL CALL 345370900 118 11,000 CALL SOLE 11,000 FRANKLIN RES INC CALL 354613901 490 5,100 CALL SOLE 5,100 FRANKLIN RES INC PUT 354613951 269 2,800 PUT SOLE 2,800 GALENA BIOPHARMA INC COM 363256108 132 280,880 SH SOLE 280,880 GENERAL MOTORS-CW16 *W EXP 07/10/201 37045V118 9,956 848,802 PRN SOLE 848,802 GENERAL MOTORS-CW19 *W EXP 07/10/201 37045V126 21,808 2,788,688 PRN SOLE 2,788,688 GENWORTH FINL INC CALL 37247D906 126 19,300 CALL SOLE 19,300 GLOBAL INDEMNITY PLC SHS G39319101 5,146 259,497 SH SOLE 259,497 GOLD FIELDS LTD CALL 38059T906 470 30,800 CALL SOLE 30,800 GOLD FIELDS LTD PUT 38059T956 717 47,000 PUT SOLE 47,000 GOLDCORP INC CALL 380956909 1,810 40,900 CALL SOLE 40,900 GOLDCORP INC PUT 380956959 1,372 31,000 PUT SOLE 31,000 GOLDMAN SACHS GROUP INC COM 38141G104 771 8,523 SH SOLE 8,523 GOLDMAN SACHS GROUP INC CALL 38141G904 1,474 16,300 CALL SOLE 16,300 GOLDMAN SACHS GROUP INC PUT 38141G954 2,342 25,900 PUT SOLE 25,900 GOODRICH (B.F.) CO COM 382388106 12,914 104,400 SH SOLE 104,400 GOODRICH CORP CALL 382388906 88,681 716,900 CALL SOLE 716,900 GREEN BANKSHARES INCCOM COM NEW 394361208 157 124,537 SH SOLE 124,537 HARMONY GOLD MNG LTD CALL 413216900 241 20,700 CALL SOLE 20,700 HARMONY GOLD MNG LTD PUT 413216950 272 23,400 PUT SOLE 23,400 HARTFORD FINANCIAL SV-CW19 9.699 *W EXP 06/26/201 416515120 16,944 1,853,851 PRN SOLE 1,853,851 HARTFORD FINL SVCS GROUP INC CALL 416515904 208 12,800 CALL SOLE 12,800 HARTFORD FINL SVCS GROUP INC PUT 416515954 172 10,600 PUT SOLE 10,600 HCP INC CALL 40414L909 398 9,600 CALL SOLE 9,600 HCP INC PUT 40414L959 501 12,100 PUT SOLE 12,100 HEALTH CARE REIT INC CALL 42217K906 273 5,000 CALL SOLE 5,000 HEALTH CARE REIT INC PUT 42217K956 338 6,200 PUT SOLE 6,200 HEALTHSOUTH CORP COM NEW 421924309 1,828 103,465 SH SOLE 103,465 HEALTHSOUTH CORP CALL 421924909 3,515 198,900 CALL SOLE 198,900 HEALTHSPRING INC COM 42224N101 5,558 101,910 SH SOLE 101,910 HEALTHSPRING INC CALL 42224N901 69,266 1,270,000 CALL SOLE 1,270,000 HECLA MNG CO CALL 422704906 128 24,500 CALL SOLE 24,500 HECLA MNG CO PUT 422704956 108 20,700 PUT SOLE 20,700 HERTZ GLOBAL HOLDINGS INC NOTE 42805TAA3 1,560 1,000,000 SH SOLE 1,000,000 HERTZ GLOBAL HOLDINGS INC COM 42805T105 234 20,000 SH SOLE 20,000 HOME DEPOT INC PUT 437076952 286 6,800 PUT SOLE 6,800 HOST HOTELS & RESORTS INC CALL 44107P904 236 16,000 CALL SOLE 16,000 HOST HOTELS & RESORTS INC PUT 44107P954 518 35,100 PUT SOLE 35,100 HUDSON CITY BANCORP CALL 443683907 86 13,700 CALL SOLE 13,700 HUDSON CITY BANCORP PUT 443683957 94 15,100 PUT SOLE 15,100 HUNTINGTON BANCSHARES INC CALL 446150904 119 21,700 CALL SOLE 21,700 HUNTINGTON BANCSHARES INC PUT 446150954 130 23,700 PUT SOLE 23,700 IAMGOLD CORP CALL 450913908 328 20,700 CALL SOLE 20,700 IAMGOLD CORP PUT 450913958 360 22,700 PUT SOLE 22,700 INHIBITEX INC COM 45719T103 242 22,100 SH SOLE 22,100 INTERCONTINENTALEXCHANGE INC CALL 45865V900 277 2,300 CALL SOLE 2,300 INTERCONTINENTALEXCHANGE INC PUT 45865V950 205 1,700 PUT SOLE 1,700 INTERDIGITAL INC COM 45867G101 3,486 80,000 SH SOLE 80,000 INVESCO LTD CALL G491BT908 201 10,000 CALL SOLE 10,000 IPATH S&P 500 VIX S/T FU ETN PUT 06740C951 16,525 465,100 PUT SOLE 465,100 ISHARES RUSSELL 2000 PUT 464287952 737 10,000 PUT SOLE 10,000 ISTA PHARMACEUTICALS INC COM NEW 45031X204 403 57,193 SH SOLE 57,193 IVANHOE MINES LTD (USD) COM 46579N103 4,889 275,900 SH SOLE 275,900 JEFFERIES GROUP INC NEW CALL 472319902 1,375 100,000 CALL SOLE 100,000 JP MORGAN CHASE & CO COM 46625H100 343 10,308 SH SOLE 10,308 JPMORGAN CHASE & CO CALL 46625H900 4,502 135,400 CALL SOLE 135,400 JPMORGAN CHASE & CO PUT 46625H950 2,826 85,000 PUT SOLE 85,000 KELLOGG CO PUT 487836958 324 6,400 PUT SOLE 6,400 KEYCORP NEW CALL 493267908 165 21,400 CALL SOLE 21,400 KEYCORP NEW PUT 493267958 185 24,100 PUT SOLE 24,100 KIMCO RLTY CORP CALL 49446R909 245 15,100 CALL SOLE 15,100 KINROSS GOLD CORP CALL 496902904 576 50,500 CALL SOLE 50,500 KINROSS GOLD CORP PUT 496902954 815 71,500 PUT SOLE 71,500 KRAFT FOODS INC CL A 50075N104 239 6,400 SH SOLE 6,400 KRAFT FOODS INC PUT 50075N954 669 17,900 PUT SOLE 17,900 L-3 COMMUNICATIONS CORP DEBT 502413AW7 14,880 15,561,000 SH SOLE 15,561,000 LABORATORY CORP AMER HLDGS CALL 50540R909 8,425 98,000 CALL SOLE 98,000 LIBERTY MEDIA CORPDEB3.500% 1/1 DEB 530715AN1 11,065 19,584,000 SH SOLE 19,584,000 LINCOLN NATIONAL CORP-CW19 10.849 *W EXP 07/10/201 534187117 22,282 1,811,544 PRN SOLE 1,811,544 LINCOLN NATL CORP IND PUT 534187959 249 12,800 PUT SOLE 12,800 LOEWS CORP PUT 540424958 512 13,600 PUT SOLE 13,600 LOOPNET INC COM 543524300 6,744 368,903 SH SOLE 368,903 M & T BK CORP CALL 55261F904 244 3,200 CALL SOLE 3,200 M & T BK CORP PUT 55261F954 260 3,400 PUT SOLE 3,400 MAGMA DESIGN AUTOMATION COM 559181102 4,425 616,305 SH SOLE 616,305 MARSH & MCLENNAN COS INC CALL 571748902 471 14,900 CALL SOLE 14,900 MARSH & MCLENNAN COS INC PUT 571748952 455 14,400 PUT SOLE 14,400 MARSHALL EDWARDS INC COM NEW 572322402 1,014 1,150,832 SH SOLE 1,150,832 MARTIN MARIETTA MATLS INC COM 573284106 1,216 16,128 SH SOLE 16,128 MCDONALDS CORP PUT 580135951 421 4,200 PUT SOLE 4,200 MEAD JOHNSON NUTRITION CO COM 582839106 351 5,100 SH SOLE 5,100 MEAD JOHNSON NUTRITION CO PUT 582839956 1,869 27,200 PUT SOLE 27,200 MEDCO HEALTH SOLUTIONS INC COM 58405U102 42,339 757,409 SH SOLE 757,409 MEDGENICS INC-CW16 *W EXP 03/31/201 58436Q112 44 75,100 PRN SOLE 75,100 MEDICIS PHARMACEUTICAL CORP NOTE 58470KAA2 40,798 33,830,000 SH SOLE 33,830,000 METLIFE INC COM 59156R108 214 6,856 SH SOLE 6,856 METLIFE INC CALL 59156R908 689 22,100 CALL SOLE 22,100 METLIFE INC PUT 59156R958 1,104 35,400 PUT SOLE 35,400 MGIC INVT CORP WIS NOTE 552848AD5 27,489 45,750,000 SH SOLE 45,750,000 MICRON TECHNOLOGY INC NOTE 595112AJ2 26,935 19,000,000 SH SOLE 19,000,000 MORGAN STANLEY CALL 617446908 773 51,100 CALL SOLE 51,100 MORGAN STANLEY PUT 617446958 449 29,700 PUT SOLE 29,700 MORTONS RESTAURANT GROUP COM 619430101 408 59,243 SH SOLE 59,243 MOTOROLA MOBILITY HLDGS INC CALL 620097905 6,367 164,100 CALL SOLE 164,100 MOTOROLA MOBILITY HLDGS INC PUT 620097955 2,192 56,500 PUT SOLE 56,500 NAUTILUS MARINE ACQUISITION SHS Y6255E101 5,691 594,000 SH SOLE 594,000 NETAPP INC NOTE 64110DAB0 41,885 33,186,000 SH SOLE 33,186,000 NETLOGIC MICROSYSTEMS INC CALL 64118B900 109,054 2,200,000 CALL SOLE 2,200,000 NEVSUN RES LTD CALL 64156L901 68 12,300 CALL SOLE 12,300 NEW GOLD INC CDA CALL 644535906 245 24,300 CALL SOLE 24,300 NEW GOLD INC CDA PUT 644535956 436 43,300 PUT SOLE 43,300 NEWMONT MINING CORP COM 651639106 321 5,345 SH SOLE 5,345 NEWMONT MINING CORP CALL 651639906 738 12,300 CALL SOLE 12,300 NEWMONT MINING CORP PUT 651639956 2,082 34,700 PUT SOLE 34,700 NORTHERN TR CORP CALL 665859904 246 6,200 CALL SOLE 6,200 NORTHERN TR CORP PUT 665859954 218 5,500 PUT SOLE 5,500 NOVELLUS SYS COM 670008101 7,056 170,887 SH SOLE 170,887 NYSE EURONEXT COM 629491101 814 31,200 SH SOLE 31,200 OMNICARE INC CALL 681904908 10,421 302,500 CALL SOLE 302,500 OMNICARE INC PUT 681904958 3,445 100,000 PUT SOLE 100,000 OXYGEN BIOTHERAPEUTICS INC COM NEW 69207P209 46 32,000 SH SOLE 32,000 PACIFIC ETHANOL INC COM NEW 69423U206 768 762,000 SH SOLE 762,000 PEPSICO INC COM 713448108 274 4,137 SH SOLE 4,137 PEPSICO INC PUT 713448958 551 8,300 PUT SOLE 8,300 PHARMASSET INC COM 71715N106 11,794 92,000 SH SOLE 92,000 PHARMASSET INC CALL 71715N906 154,468 1,204,900 CALL SOLE 1,204,900 PHARMASSET INC PUT 71715N956 106,842 833,400 PUT SOLE 833,400 PHARMERICA CORP-W/I COM 71714F104 9,342 615,384 SH SOLE 615,384 PHILIP MORRIS INTL INC CALL 718172909 651 8,300 CALL SOLE 8,300 PHILIP MORRIS INTL INC PUT 718172959 581 7,400 PUT SOLE 7,400 PIONEER NAT RES CO NOTE 723787AH0 26,886 17,500,000 SH SOLE 17,500,000 PNC FINL SVCS GROUP INC CALL 693475905 646 11,200 CALL SOLE 11,200 PNC FINL SVCS GROUP INC PUT 693475955 963 16,700 PUT SOLE 16,700 PRICE T ROWE GROUP INC CALL 74144T908 325 5,700 CALL SOLE 5,700 PRICE T ROWE GROUP INC PUT 74144T958 410 7,200 PUT SOLE 7,200 PRINCIPAL FINL GROUP INC PUT 74251V952 226 9,200 PUT SOLE 9,200 PROCTER & GAMBLE COM 742718109 1,020 15,287 SH SOLE 15,287 PROCTER & GAMBLE CO PUT 742718959 1,948 29,200 PUT SOLE 29,200 PROGRESS ENERGY INC COM 743263105 1,558 27,811 SH SOLE 27,811 PROGRESSIVE CORP OHIO CALL 743315903 388 19,900 CALL SOLE 19,900 PROGRESSIVE CORP OHIO PUT 743315953 267 13,700 PUT SOLE 13,700 PRUDENTIAL FINL INC CALL 744320902 581 11,600 CALL SOLE 11,600 PRUDENTIAL FINL INC PUT 744320952 707 14,100 PUT SOLE 14,100 PUBLIC STORAGE CALL 74460D909 659 4,900 CALL SOLE 4,900 PUBLIC STORAGE PUT 74460D959 350 2,600 PUT SOLE 2,600 RADIAN GROUP INC NOTE 750236AK7 40,375 90,481,000 SH SOLE 90,481,000 RANDGOLD RES LTD CALL 752344909 357 3,500 CALL SOLE 3,500 RANDGOLD RES LTD PUT 752344959 807 7,900 PUT SOLE 7,900 REGENERON PHARMACEUTICALS CALL 75886F907 3,215 58,000 CALL SOLE 58,000 REGIONS FINANCIAL CORP NEW CALL 7591EP900 129 30,100 CALL SOLE 30,100 REGIONS FINANCIAL CORP NEW PUT 7591EP950 155 36,000 PUT SOLE 36,000 RENTECH - RTK COM 760112102 373 284,654 SH SOLE 284,654 RIGHTNOW TECHNOLOGIES INC COM 76657R106 11,204 262,205 SH SOLE 262,205 ROSETTA GENOMICS LTD COM 777779307 13 71,001 SH SOLE 71,001 ROYAL GOLD INC PUT 780287958 317 4,700 PUT SOLE 4,700 RUBY TUESDAY INC COM 781182100 2,789 404,171 SH SOLE 404,171 S1 CORPORATION COM 78463B101 1,457 152,279 SH SOLE 152,279 SANOFI CVR RTS RIGHT 12/31/2020 80105N113 480 400,000 SH SOLE 400,000 SCHWAB CHARLES CORP NEW CALL 808513905 426 37,800 CALL SOLE 37,800 SCHWAB CHARLES CORP NEW PUT 808513955 224 19,900 PUT SOLE 19,900 SEALY CORPSR SECD 3RD 8% SR SECD 3RD 8% 812139400 9,343 164,641 PRN SOLE 164,641 SEMGROUP CORP-CLASS A CL A 81663A105 6,163 236,479 SH SOLE 236,479 SILVER WHEATON CORP CALL 828336907 463 16,000 CALL SOLE 16,000 SILVER WHEATON CORP PUT 828336957 724 25,000 PUT SOLE 25,000 SIMON PPTY GROUP INC NEW CALL 828806909 812 6,300 CALL SOLE 6,300 SIMON PPTY GROUP INC NEW PUT 828806959 1,251 9,700 PUT SOLE 9,700 SLM CORP CALL 78442P906 218 16,300 CALL SOLE 16,300 SOCKET MOBILE INC COM NEW 83368E200 152 74,512 SH SOLE 74,512 SOLUTIA INC-W/I-CW13 *W EXP 02/27/201 834376147 160 354,839 PRN SOLE 354,839 SONOSITE INC COM 83568G104 9,902 183,845 SH SOLE 183,845 SONOSITE INC CALL 83568G904 4,524 84,000 CALL SOLE 84,000 SOUTHERN UNION COM 844030106 28,232 670,454 SH SOLE 670,454 STATE STR CORP CALL 857477903 355 8,800 CALL SOLE 8,800 STATE STR CORP PUT 857477953 911 22,600 PUT SOLE 22,600 SUCCESSFACTORS INC COM 864596101 15,198 381,204 SH SOLE 381,204 SUCCESSFACTORS INC COM 864596101 389 9,767 SH SOLE 9,767 SUCCESSFACTORS INC CALL 864596901 39,364 987,300 CALL SOLE 987,300 SUNPOWER CORP DBCV4.500% 3/1 867652AE9 2,727 3,334,000 SH SOLE 3,334,000 SUNPOWER CORP DBCV4.750% 4/1 867652AC3 10,044 11,458,000 SH SOLE 11,458,000 SUNPOWER CORP COM 867652406 312 50,000 SH SOLE 50,000 SUNPOWER CORP DBCV 867652AA7 2,993 3,000,000 SH SOLE 3,000,000 SUNPOWER CORP PUT 867652959 312 50,000 PUT SOLE 50,000 SUNTRUST BKS INC CALL 867914903 343 19,400 CALL SOLE 19,400 T3 MOTION INC-CW13 *W EXP 99/99/999 89853X116 6 147,000 PRN SOLE 147,000 T3 MOTION INC-CW16 *W EXP 05/13/201 89853X124 7 147,000 PRN SOLE 147,000 TANZANIAN ROYALTY EXPL CORP PUT 87600U954 28 11,700 PUT SOLE 11,700 TEKELEC COM 879101103 2,249 205,808 SH SOLE 205,808 TEMPLE INLAND COM 879868107 4,757 150,000 SH SOLE 150,000 TEMPLE INLAND INC CALL 879868907 74,538 2,350,600 CALL SOLE 2,350,600 TESSERA TECHNOLOGIES INC COM 88164L100 6,665 397,903 SH SOLE 397,903 TIB FINL CORPCOM COM NEW 872449202 202 22,505 SH SOLE 22,505 TIME WARNER INC CALL 887317903 307 8,500 CALL SOLE 8,500 TIVO INC COM 888706108 4,081 455,000 SH SOLE 455,000 TIVO INC CALL 888706908 1,794 200,000 CALL SOLE 200,000 TOWER BANCORP INC COM 891709107 4,064 142,399 SH SOLE 142,399 TRAILER BRIDGE COM 892782103 3 29,613 SH SOLE 29,613 TRANSATLANTIC COM 893521104 8,434 154,093 SH SOLE 154,093 TRAVELERS COMPANIES INC CALL 89417E909 568 9,600 CALL SOLE 9,600 TRAVELERS COMPANIES INC PUT 89417E959 716 12,100 PUT SOLE 12,100 UBS AG-REGISTERED PUT H89231958 1,274 107,700 PUT SOLE 107,700 UBS AG-REGISTERED (USD) SHS NEW H89231338 1,274 107,700 SH SOLE 107,700 UNITED RENTALS INC COM 911363109 9,422 318,848 SH SOLE 318,848 UNITED RENTALS INC CALL 911363909 10,065 340,600 CALL SOLE 340,600 US BANCORP DEL CALL 902973904 1,223 45,200 CALL SOLE 45,200 US BANCORP DEL PUT 902973954 1,531 56,600 PUT SOLE 56,600 VALLEY NATIONAL BANCORP-CW18 *W EXP 11/14/201 919794131 72 47,114 PRN SOLE 47,114 VECTOR GROUP LTD DBCV 92240MAL2 4,607 4,050,000 SH SOLE 4,050,000 VENTAS INC CALL 92276F900 425 7,700 CALL SOLE 7,700 VENTAS INC PUT 92276F950 413 7,500 PUT SOLE 7,500 VORNADO RLTY TR CALL 929042909 423 5,500 CALL SOLE 5,500 VORNADO RLTY TR PUT 929042959 323 4,200 PUT SOLE 4,200 WAL MART STORES INC COM 931142103 320 5,351 SH SOLE 5,351 WAL MART STORES INC PUT 931142953 1,195 20,000 PUT SOLE 20,000 WALGREEN CO COM 931422109 247 7,479 SH SOLE 7,479 WALGREEN CO CALL 931422909 38,515 1,165,000 CALL SOLE 1,165,000 WALGREEN CO PUT 931422959 668 20,200 PUT SOLE 20,200 WALTER ENERGY INC COM 93317Q105 2,241 37,000 SH SOLE 37,000 WALTER ENERGY INC CALL 93317Q905 9,550 157,700 CALL SOLE 157,700 WEBMD HEALTH CORP COM 94770V102 548 14,600 SH SOLE 14,600 WEBMD HEALTH CORP CALL 94770V902 7,484 199,300 CALL SOLE 199,300 WELLS FARGO & CO NEW CALL 949746901 3,930 142,600 CALL SOLE 142,600 WELLS FARGO & CO NEW PUT 949746951 4,112 149,200 PUT SOLE 149,200 WEYERHAEUSER CO CALL 962166904 258 13,800 CALL SOLE 13,800 WEYERHAEUSER CO PUT 962166954 271 14,500 PUT SOLE 14,500 WINN DIXIE STORES INC COM NEW 974280307 6,171 657,839 SH SOLE 657,839 WRIGHT MED GROUP INC CALL 98235T907 186 11,300 CALL SOLE 11,300 YAHOO INC PUT 984332956 2,131 132,100 PUT SOLE 132,100 YAHOO! INC COM 984332106 2,130 132,100 SH SOLE 132,100 YAMANA GOLD INC CALL 98462Y900 460 31,300 CALL SOLE 31,300 YAMANA GOLD INC PUT 98462Y950 715 48,700 PUT SOLE 48,700 ZIONS BANCORPORATION-CW20 *W EXP 05/22/202 989701115 31 10,867 PRN SOLE 10,867