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The Cascade Runs Ahead of the Flip

This story is from 2026-09-16. It is preserved in the archive; the latest stories are on the live feed.

Part 9 added the gamma flip: vol spikes, dealer books turn from short to long gamma, and the selling spiral is truncated. That's half the story. The uncomfortable other half: the flip is not instant, and while it converges, leveraged accounts are being force-liquidated on their own schedule. This a…

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  1. 2026-09-16 00:21 · DEV Community — AI
    The Cascade Runs Ahead of the Flip

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