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
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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
ALCOA INC COM 013817101 27,449 2,124,500 SH Call SOLE   2,124,500 0 0
ALCOA INC COM 013817101 12,920 1,000,000 SH   SOLE   1,000,000 0 0
ALCOA INC DEP SHS 1/10TH 013817309 17,536 400,000 SH   SOLE   400,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 55,466 1,050,885 SH   SOLE   1,050,885 0 0
AOL INC COM 00184X105 15,844 400,000 SH Call SOLE   400,000 0 0
AT&T INC COM 00206R102 65,300 2,000,000 SH Call SOLE   2,000,000 0 0
AVAGO TECHNOLOGIES LTD SHS Y0486S104 12,698 100,000 SH Put SOLE   100,000 0 0
BANK AMER CORP COM 060505104 33,807 2,196,655 SH   SOLE   2,196,655 0 0
CHEVRON CORP NEW COM 166764100 73,486 700,000 SH Call SOLE   700,000 0 0
CITIGROUP INC COM NEW 172967424 259,893 5,044,500 SH Call SOLE   5,044,500 0 0
CITIGROUP INC COM NEW 172967424 274,025 5,318,800 SH Call SOLE   5,318,800 0 0
CITIZENS FINL GROUP INC COM 174610105 7,239 300,000 SH   SOLE   300,000 0 0
COCA COLA CO COM 191216100 40,550 1,000,000 SH Call SOLE   1,000,000 0 0
CON-WAY INC COM 205944101 26,668 604,300 SH   SOLE   604,300 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 26,930 1,000,000 SH Call SOLE   1,000,000 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 13,465 500,000 SH   SOLE   500,000 0 0
CREE INC COM 225447101 35,490 1,000,000 SH Call SOLE   1,000,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 44,960 1,000,000 SH Call SOLE   1,000,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 22,480 500,000 SH Call SOLE   500,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 48,599 1,080,935 SH   SOLE   1,080,935 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 69,460 2,000,000 SH Call SOLE   2,000,000 0 0
EBAY INC COM 278642103 57,680 1,000,000 SH Call SOLE   1,000,000 0 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 4,893 300,000 SH   SOLE   300,000 0 0
FIRST SOLAR INC COM 336433107 31,808 532,000 SH Call SOLE   532,000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 8,070 500,000 SH   SOLE   500,000 0 0
GENERAL MTRS CO COM 37045V100 39,919 1,064,500 SH Call SOLE   1,064,500 0 0
GENERAL MTRS CO COM 37045V100 39,919 1,064,500 SH Call SOLE   1,064,500 0 0
HOME DEPOT INC COM 437076102 56,805 500,000 SH Call SOLE   500,000 0 0
INTEL CORP COM 458140100 31,270 1,000,000 SH Call SOLE   1,000,000 0 0
INTEL CORP COM 458140100 31,270 1,000,000 SH Call SOLE   1,000,000 0 0
INTEL CORP COM 458140100 31,270 1,000,000 SH Call SOLE   1,000,000 0 0
INTEL CORP COM 458140100 3,127 100,000 SH   SOLE   100,000 0 0
INTL PAPER CO COM 460146103 55,490 1,000,000 SH Call SOLE   1,000,000 0 0
INTL PAPER CO COM 460146103 11,098 200,000 SH   SOLE   200,000 0 0
ISHARES TR 20+ YR TR BD ETF 464287432 261,380 2,000,000 SH Put SOLE   2,000,000 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 68,686 200,000 SH Put SOLE   200,000 0 0
LEXICON PHARMACEUTICALS INC COM 528872104 7,521 7,964,370 SH   SOLE   7,964,370 0 0
METLIFE INC COM 59156R108 50,550 1,000,000 SH Call SOLE   1,000,000 0 0
MICROSEMI CORP COM 595137100 3,540 100,000 SH   SOLE   100,000 0 0
MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 18,660 3,000,000 SH   SOLE   3,000,000 0 0
MOBILEYE N V AMSTELVEEN ORD SHS N51488117 21,015 500,000 SH Call SOLE   500,000 0 0
NEOPHOTONICS CORP COM 64051T100 13,500 2,000,000 SH   SOLE   2,000,000 0 0
NORANDA ALUM HLDG CORP COM 65542W107 5,248 1,767,162 SH   SOLE   1,767,162 0 0
NUCOR CORP COM 670346105 47,055 990,000 SH Call SOLE   990,000 0 0
NVIDIA CORP COM 67066G104 49,090 2,346,000 SH   SOLE   2,346,000 0 0
OFFICE DEPOT INC COM 676220106 18,961 2,060,995 SH   SOLE   2,060,995 0 0
PENNEY J C INC COM 708160106 12,615 1,500,000 SH Call SOLE   1,500,000 0 0
PENNEY J C INC COM 708160106 4,205 500,000 SH   SOLE   500,000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 6,010 1,000,000 SH Call SOLE   1,000,000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 6,010 1,000,000 SH Call SOLE   1,000,000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 6,010 1,000,000 SH Call SOLE   1,000,000 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 105,600 1,000,000 SH Call SOLE   1,000,000 0 0
PRUDENTIAL FINL INC COM 744320102 160,620 2,000,000 SH Call SOLE   2,000,000 0 0
PRUDENTIAL FINL INC COM 744320102 81,113 1,010,000 SH Call SOLE   1,010,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 58,692 300,000 SH Put SOLE   300,000 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 9,829 100,000 SH Put SOLE   100,000 0 0
SONY CORP ADR NEW 835699307 13,390 500,000 SH Call SOLE   500,000 0 0
SONY CORP ADR NEW 835699307 13,291 496,300 SH   SOLE   496,300 0 0
SPROUTS FMRS MKT INC COM 85208M102 17,615 500,000 SH   SOLE   500,000 0 0
SUNEDISON INC COM 86732Y109 24,000 1,000,000 SH Put SOLE   1,000,000 0 0
SUNPOWER CORP COM 867652406 21,917 700,000 SH   SOLE   700,000 0 0
TESLA MTRS INC COM 88160R101 94,385 500,000 SH Call SOLE   500,000 0 0
TESLA MTRS INC COM 88160R101 84,947 450,000 SH Call SOLE   450,000 0 0
TRANSENTERIX INC COM NEW 89366M201 2,930 1,000,000 SH   SOLE   1,000,000 0 0
UNITED CONTL HLDGS INC COM 910047109 16,813 250,000 SH   SOLE   250,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106 193,638 1,997,500 SH Call SOLE   1,997,500 0 0
VIOLIN MEMORY INC COM 92763A101 129 34,300 SH   SOLE   34,300 0 0
WABASH NATL CORP COM 929566107 5,809 411,966 SH   SOLE   411,966 0 0
WAL-MART STORES INC COM 931142103 164,500 2,000,000 SH Call SOLE   2,000,000 0 0
WAL-MART STORES INC COM 931142103 164,500 2,000,000 SH Call SOLE   2,000,000 0 0
WAL-MART STORES INC COM 931142103 29,560 359,396 SH   SOLE   359,396 0 0
YRC WORLDWIDE INC COM PAR $.01 984249607 18,020 1,003,349 SH   SOLE   1,003,349 0 0