/EUROPE SUMMARY: In an up day for...........>

OPTIONS: /EUROPE SUMMARY: In an up day for rates/bonds, we saw further

liquidation of ERN0 100.50/100.625 call spread, selling at 0.5 in 3.25k (had

been bought for 0.6 synth last Weds, a day before TLTRO announcement). Some

rolling up in RX as well, with July options expiring Fri.

** EGB options flow included:

* DUN0 112.10/112.20 call spread sold at 3/3.5 in 2k/2k

* DUQ0 112.30/50 call spread bought for 1.5 in 2k

* DUQO 112.20/40 call spread vs 111.80/111.60 put spread, sold at 2 in 2k (-c/s)

* RXN0 174.50/173.50 1x2 put spread bought for 3 in 7.2k 

** Euribor options flow included:

* 0RZ0 100.50/100.375 1x2 put spread, sold at 1 and 1.25 in 2.5k 

* ERU0 100.50/100.375 combo, pays 0 for the call in 2.5k

* ERZ0 100.50/100.375 combo (v 100.45), pays 0.5 for the call in 2.5k

** Short sterling option flow included:

* LZ0 99.00 put bought for 0.5 in 2.5k

* LH1 99.75/99.625 put spread bought for 1.5 in 2.5k