Birational geometry of the Mukai system of rank two and genus two

Abstract: Using the techniques of Bayer--Macr`i, we determine the walls in the movable cone of the Mukai system of rank two for a general K3 surface $S$ of genus two. We study the (essentially unique) birational map to $S^{[5]}$ and decompose it into a sequence of flops. We give an interpretation of the exceptional loci in terms of Brill--Noether loci.