Convexity Doesn’t Care: Pinned, Suppressed, Released.This is antifragile flow in action.
Fri: DRB signal fires, but spot runs headfirst into a gamma wall. Dealers long gamma = suppression, absorption, fakeout.
Mon: OPEX clears. Pin decays. Market resets. Neutral, no follow-through yet.
Tue: Vomma/Vanna flows finally kick. No pin left to absorb → convex release to target.
The point? Breakouts aren’t wrong, they’re delayed.
Gamma pins are temporary. Vol releases are structural.
Learn to wait for expiry, not fight it.
