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
Ryland Group Inc/The COM 783764103 552,160 14,000 SH Call SOLE None 552,160 0 0
Micron Technology Inc COM 595112103 26,360,000 800,000 SH Call SOLE None 26,360,000 0 0
SPDR S&P 500 ETF Trust COM 78462F103 195,720,000 1,000,000 SH Call SOLE None 195,720,000 0 0
VirnetX Holding Corp COM 92823T108 140,880 8,000 SH Call SOLE None 140,880 0 0
Visa Inc COM 92826C839 21,071,000 100,000 SH Call SOLE None 21,071,000 0 0
Agilent Technologies Inc COM 00846U101 11,488,000 200,000 SH Call SOLE None 11,488,000 0 0
Agilent Technologies Inc COM 00846U101 40,208,000 700,000 SH Call SOLE None 40,208,000 0 0
American Airlines Group Inc COM 02376R102 17,184,000 400,000 SH Call SOLE None 17,184,000 0 0
AngloGold Ashanti Ltd COM 35128206 4,990,900 290,000 SH Call SOLE None 4,990,900 0 0
AngloGold Ashanti Ltd COM 35128206 6,884,000 400,000 SH Call SOLE None 6,884,000 0 0
Apple Inc COM 37833100 3,717,200 40,000 SH Call SOLE None 3,717,200 0 0
Apple Inc COM 37833100 929,300 10,000 SH Call SOLE None 929,300 0 0
Apple Inc COM 37833100 5,575,800 60,000 SH Call SOLE None 5,575,800 0 0
Apple Inc COM 37833100 6,505,100 70,000 SH Call SOLE None 6,505,100 0 0
Apple Inc COM 37833100 7,434,400 80,000 SH Call SOLE None 7,434,400 0 0
Apple Inc COM 37833100 18,586,000 200,000 SH Call SOLE None 18,586,000 0 0
Apple Inc COM 37833100 2,602,040 28,000 SH Call SOLE None 2,602,040 0 0
Apple Inc COM 37833100 37,971,198 408,600 SH Call SOLE None 37,971,198 0 0
Apple Inc COM 37833100 45,015,292 484,400 SH Call SOLE None 45,015,292 0 0
Apple Inc COM 37833100 4,646,500 50,000 SH Call SOLE None 4,646,500 0 0
Apple Inc COM 37833100 13,939,500 150,000 SH Call SOLE None 13,939,500 0 0
Bank of America Corp COM 60505104 15,984,800 1,040,000 SH Call SOLE None 15,984,800 0 0
Bank of America Corp COM 60505104 1,844,400 120,000 SH Call SOLE None 1,844,400 0 0
Bank of America Corp COM 60505104 2,459,200 160,000 SH Call SOLE None 2,459,200 0 0
Barrick Gold Corp COM 67901108 10,980,000 600,000 SH Call SOLE None 10,980,000 0 0
Barrick Gold Corp COM 67901108 183,000 10,000 SH Call SOLE None 183,000 0 0
Barrick Gold Corp COM 67901108 11,565,600 632,000 SH Call SOLE None 11,565,600 0 0
Caterpillar Inc COM 149123101 1,086,700 10,000 SH Call SOLE None 1,086,700 0 0
Facebook Inc COM 30303M102 672,900 10,000 SH Call SOLE None 672,900 0 0
Facebook Inc COM 30303M102 13,458,000 200,000 SH Call SOLE None 13,458,000 0 0
General Motors Co COM 37045V100 36,300,000 1,000,000 SH Call SOLE None 36,300,000 0 0
Hewlett-Packard Co COM 428236103 6,736,000 200,000 SH Call SOLE None 6,736,000 0 0
Market Vectors Gold Miners ETF COM 57060U100 264,500 10,000 SH Call SOLE None 264,500 0 0
Market Vectors Gold Miners ETF COM 57060U100 264,500 10,000 SH Call SOLE None 264,500 0 0
Pandora Media Inc COM 698354107 5,864,600 198,800 SH Call SOLE None 5,864,600 0 0
Ryland Group Inc/The COM 783764103 236,640 6,000 SH Call SOLE None 236,640 0 0
Tesla Motors Inc COM 88160R101 1,920,480 8,000 SH Call SOLE None 1,920,480 0 0
Tesla Motors Inc COM 88160R101 3,360,840 14,000 SH Call SOLE None 3,360,840 0 0
Toll Brothers Inc COM 889478103 369,000 10,000 SH Call SOLE None 369,000 0 0
Toll Brothers Inc COM 889478103 221,400 6,000 SH Call SOLE None 221,400 0 0
Twitter Inc COM 90184L102 409,700 10,000 SH Call SOLE None 409,700 0 0
Twitter Inc COM 90184L102 245,820 6,000 SH Call SOLE None 245,820 0 0
Twitter Inc COM 90184L102 819,400 20,000 SH Call SOLE None 819,400 0 0
Twitter Inc COM 90184L102 409,700 10,000 SH Call SOLE None 409,700 0 0
Twitter Inc COM 90184L102 983,280 24,000 SH Call SOLE None 983,280 0 0
Valero Energy Corp COM 91913Y100 10,020,000 200,000 SH Call SOLE None 10,020,000 0 0
VirnetX Holding Corp COM 92823T108 1,204,524 68,400 SH Call SOLE None 1,204,524 0 0
VirnetX Holding Corp COM 92823T108 1,056,600 60,000 SH Call SOLE None 1,056,600 0 0
VirnetX Holding Corp COM 92823T108 105,660 6,000 SH Call SOLE None 105,660 0 0
VirnetX Holding Corp COM 92823T108 105,660 6,000 SH Call SOLE None 105,660 0 0
Ryland Group Inc/The COM 783764103 394,400 10,000 SH Put SOLE None 394,400 0 0
Apple Inc COM 37833100 33,454,800 360,000 SH Put SOLE None 33,454,800 0 0
Apple Inc COM 37833100 1,858,600 20,000 SH Put SOLE None 1,858,600 0 0
Apple Inc COM 37833100 26,317,776 283,200 SH Put SOLE None 26,317,776 0 0
Apple Inc COM 37833100 22,303,200 240,000 SH Put SOLE None 22,303,200 0 0
Bank of America Corp COM 60505104 860,720 56,000 SH Put SOLE None 860,720 0 0
Bank of America Corp COM 60505104 614,800 40,000 SH Put SOLE None 614,800 0 0
Bank of America Corp COM 60505104 307,400 20,000 SH Put SOLE None 307,400 0 0
Caterpillar Inc COM 149123101 738,956 6,800 SH Put SOLE None 738,956 0 0
Citigroup Inc COM 172967424 4,710,000 100,000 SH Put SOLE None 4,710,000 0 0
Hewlett-Packard Co COM 428236103 6,736,000 200,000 SH Put SOLE None 6,736,000 0 0
MetLife Inc COM 59156R108 1,111,200 20,000 SH Put SOLE None 1,111,200 0 0
Ryland Group Inc/The COM 783764103 788,800 20,000 SH Put SOLE None 788,800 0 0
3D Systems Corp COM 88554D205 358,800 6,000 SH Put SOLE None 358,800 0 0
3D Systems Corp COM 88554D205 358,800 6,000 SH Put SOLE None 358,800 0 0
Twitter Inc COM 90184L102 6,145,500 150,000 SH Put SOLE None 6,145,500 0 0
VirnetX Holding Corp COM 92823T108 352,200 20,000 SH Put SOLE None 352,200 0 0
SunTrust Banks Inc *W 867914103 632,948 15,800 SH   SOLE None 632,948 0 0
AG Mortgage Investment Trust I COM 1228105 189,300 10,000 SH   SOLE None 189,300 0 0
Aegerion Pharmaceuticals Inc COM 00767E102 1,251,510 39,000 SH   SOLE None 1,251,510 0 0
Amazon.com Inc COM 23135106 324,780 1,000 SH   SOLE None 324,780 0 0
American Capital Mortgage Inve COM 02504A104 355,515 17,758 SH   SOLE None 355,515 0 0
Apple Inc COM 37833100 41,976,481 451,700 SH   SOLE None 41,976,481 0 0
Arbor Realty Trust Inc COM 38923108 332,210 47,800 SH   SOLE None 332,210 0 0
Ares Capital Corp COM 04010L103 1,086,781 60,850 SH   SOLE None 1,086,781 0 0
Aspen Aerogels Inc COM 04523Y105 55,250 5,000 SH   SOLE None 55,250 0 0
Bank of America Corp COM 60505104 1,736,810 113,000 SH   SOLE None 1,736,810 0 0
BlackRock Kelso Capital Corp COM 92533108 364,400 40,000 SH   SOLE None 364,400 0 0
Bluebird Bio Inc COM 09609G100 2,024,925 52,500 SH   SOLE None 2,024,925 0 0
Caterpillar Inc COM 149123101 1,086,700 10,000 SH   SOLE None 1,086,700 0 0
Cherry Hill Mortgage Investmen COM 164651101 316,128 15,767 SH   SOLE None 316,128 0 0
Costco Wholesale Corp COM 22160K105 806,120 7,000 SH   SOLE None 806,120 0 0
Facebook Inc COM 30303M102 1,278,510 19,000 SH   SOLE None 1,278,510 0 0
Fifth Street Finance Corp COM 31678A103 492,483 50,100 SH   SOLE None 492,483 0 0
Full Circle Capital Corp COM 359671104 6,521 835 SH   SOLE None 6,521 0 0
General Electric Co COM 369604103 4,940,640 188,000 SH   SOLE None 4,940,640 0 0
General Motors Co COM 37045V100 1,815,000 50,000 SH   SOLE None 1,815,000 0 0
Gilead Sciences Inc COM 375558103 7,047,350 85,000 SH   SOLE None 7,047,350 0 0
Hertz Global Holdings Inc COM 42805T105 700,750 25,000 SH   SOLE None 700,750 0 0
Horizon Technology Finance Cor COM 44045A102 64,138 4,387 SH   SOLE None 64,138 0 0
Hornbeck Offshore Services Inc COM 440543106 582,465 12,414 SH   SOLE None 582,465 0 0
InterDigital Inc/PA COM 45867G101 1,577,400 33,000 SH   SOLE None 1,577,400 0 0
KCAP Financial Inc COM 48668E101 399,030 47,000 SH   SOLE None 399,030 0 0
Liberty Media Corp COM 531229102 1,025,100 7,500 SH   SOLE None 1,025,100 0 0
Medley Capital Corp COM 58503F106 1,590,081 121,752 SH   SOLE None 1,590,081 0 0
Merck & Co Inc COM 58933Y105 4,338,750 75,000 SH   SOLE None 4,338,750 0 0
MetLife Inc COM 59156R108 1,555,680 28,000 SH   SOLE None 1,555,680 0 0
NetApp Inc COM 64110D104 1,826,000 50,000 SH   SOLE None 1,826,000 0 0
Nicholas Financial Inc COM 65373J209 495,420 34,500 SH   SOLE None 495,420 0 0
NIKE Inc COM 654106103 535,095 6,900 SH   SOLE None 535,095 0 0
OpenTable Inc COM 68372A104 2,072,000 20,000 SH   SOLE None 2,072,000 0 0
Pacific Coast Oil Trust COM 694103102 130,600 10,000 SH   SOLE None 130,600 0 0
PennantPark Floating Rate Capi COM 70806A106 79,438 5,559 SH   SOLE None 79,438 0 0
Permian Basin Royalty Trust COM 714236106 64,125 4,500 SH   SOLE None 64,125 0 0
Prospect Capital Corp COM 74348T102 1,934,929 182,111 SH   SOLE None 1,934,929 0 0
Rambus Inc COM 750917106 285,743 19,982 SH   SOLE None 285,743 0 0
Ryland Group Inc/The COM 783764103 631,040 16,000 SH   SOLE None 631,040 0 0
Stellus Capital Investment Cor COM 858568108 106,635 7,259 SH   SOLE None 106,635 0 0
Strategic Global Income Fund I COM 862719101 17,765 1,900 SH   SOLE None 17,765 0 0
SunEdison Inc COM 86732Y109 9,548,500 422,500 SH   SOLE None 9,548,500 0 0
THL Credit Inc COM 872438106 405,790 28,985 SH   SOLE None 405,790 0 0
Toll Brothers Inc COM 889478103 295,200 8,000 SH   SOLE None 295,200 0 0
Twitter Inc COM 90184L102 1,126,675 27,500 SH   SOLE None 1,126,675 0 0
Valero Energy Corp COM 91913Y100 1,401,497 27,974 SH   SOLE None 1,401,497 0 0
Verizon Communications Inc COM 92343V104 1,061,634 21,697 SH   SOLE None 1,061,634 0 0
VirnetX Holding Corp COM 92823T108 784,068 44,524 SH   SOLE None 784,068 0 0
Visa Inc COM 92826C839 157,871,728 749,237 SH   SOLE None 157,871,728 0 0
Yahoo! Inc COM 984332106 2,459,100 70,000 SH   SOLE None 2,459,100 0 0
SINA Corp/China COM G81477104 3,981,600 80,000 SH   SOLE None 3,981,600 0 0
AMERICAN REALTY CAP PROP Note ARCP 3 08/01/18 02917TAA2 9,768,648 9,615,000 PRN   SOLE None 9,768,648 0 0
AMERICAN REALTY CAP PROP Note ARCP 3 3/4 12/15/20 02917TAB0 1,042,200 1,000,000 PRN   SOLE None 1,042,200 0 0
ARES CAPITAL CORP Note ARCC 5 3/4 02/01/16 04010LAB9 4,803,259 4,491,000 PRN   SOLE None 4,803,259 0 0
DDR CORP Note DDR 1 3/4 11/15/40 251591AX1 8,279,724 6,900,000 PRN   SOLE None 8,279,724 0 0
ELECTRONIC ARTS INC Note EA 0 3/4 07/15/16 285512AA7 10,806,644 8,575,000 PRN   SOLE None 10,806,644 0 0
ENDO HEALTH SOLUTIONS Note ENDP 1 3/4 04/15/15 29264FAB2 9,055,696 3,786,000 PRN   SOLE None 9,055,696 0 0
HOME INNS HTL MNGMT INC Note HMIN 2 12/15/15 43713WAB3 3,954,720 4,000,000 PRN   SOLE None 3,954,720 0 0
MGM RESORTS INTL Note MGM 4 1/4 04/15/15 55303QAE0 6,505,121 4,416,000 PRN   SOLE None 6,505,121 0 0
MICROCHIP TECHNOLOGY INC Note MCHP 2 1/8 12/15/37 595017AB0 21,034,200 11,000,000 PRN   SOLE None 21,034,200 0 0
MYLAN INC Note MYL 3 3/4 09/15/15 628530AJ6 34,868,882 9,026,000 PRN   SOLE None 34,868,882 0 0
OMNICARE INC Note OCR 3 1/4 12/15/35 681904AL2 9,867,936 9,247,000 PRN   SOLE None 9,867,936 0 0
REDWOOD TRUST INC Note RWT 4 5/8 04/15/18 758075AB1 1,145,520 1,105,000 PRN   SOLE None 1,145,520 0 0
REGIS CORP Note RGS 5 07/15/14 758932AA5 3,593,125 3,575,000 PRN   SOLE None 3,593,125 0 0
ROVI CORP Note ROVI 2 5/8 02/15/40 779376AB8 10,142 10,000 PRN   SOLE None 10,142 0 0
SERVICENOW INC Note NOW 0 11/01/18 81762PAA0 1,103,270 1,000,000 PRN   SOLE None 1,103,270 0 0
SINA CORP Note SINA 1 12/01/18 82922RAC7 5,430,242 5,900,000 PRN   SOLE None 5,430,242 0 0
SPIRIT REALTY CAPITAL IN Note SRC 2 7/8 05/15/19 84860WAA0 8,515,215 8,500,000 PRN   SOLE None 8,515,215 0 0
SPIRIT REALTY CAPITAL IN Note SRC 3 3/4 05/15/21 84860WAB8 7,134,009 7,100,000 PRN   SOLE None 7,134,009 0 0
STANDARD PACIFIC CORP Note SPF 1 1/4 08/01/32 85375CBC4 3,109,186 2,462,000 PRN   SOLE None 3,109,186 0 0
SUNPOWER CORP Note SPWR 4 1/2 03/15/15 867652AE9 7,082,152 3,850,000 PRN   SOLE None 7,082,152 0 0
TESLA MOTORS INC Note TSLA 1 1/2 06/01/18 88160RAA9 7,588,538 3,750,000 PRN   SOLE None 7,588,538 0 0
TESLA MOTORS INC Note TSLA 0 1/4 03/01/19 88160RAB7 2,927,160 3,000,000 PRN   SOLE None 2,927,160 0 0
TESLA MOTORS INC Note TSLA 1 1/4 03/01/21 88160RAC5 4,742,857 4,900,000 PRN   SOLE None 4,742,857 0 0
UNITED STATES STEEL CORP Note X 2 3/4 04/01/19 912909AH1 1,870,005 1,500,000 PRN   SOLE None 1,870,005 0 0
WEBMD HEALTH CORP Note WBMD 2 1/2 01/31/18 94770VAF9 736,204 700,000 PRN   SOLE None 736,204 0 0
WEBMD HEALTH CORP Note WBMD 1 1/2 12/01/20 94770VAJ1 2,790,750 2,500,000 PRN   SOLE None 2,790,750 0 0
YANDEX NV Note YNDX 1 1/8 12/15/18 98474TAA5 2,473,100 2,500,000 PRN   SOLE None 2,473,100 0 0
Anglogold Ashanti Ltd ADR ADR 35128206 4,990,900 290,000 SH Call SOLE None 4,990,900 0 0
Anglogold Ashanti Ltd ADR ADR 35128206 6,884,000 400,000 SH Call SOLE None 6,884,000 0 0