Options trading going particularly well.....>

OPTIONS: Options trading going particularly well in USD/JPY and GBP crosses so

far Monday. Over $7.5bln in USD/JPY options trades have changed hands, with puts

slightly outweighing calls at pixel.

-One of the largest USD/JPY trades appears to be a 105.45/115.25 strangle, with

equally weighted legs for a total notional of over $500mln and rolling off in

three months' time.

-GBP calls have been better bought throughout both the Asia-Pacific and European

session so far, with total notional waged on calls over double that of puts. One

of the more interesting trades appears to be a bullish 1.35/1.37 call spread

traded in early Asia hours, with $367mln expiring across the two legs in three

week's time (Mar25), just ahead of the prospective 'Brexit day' on Mar29.