Djellal Djouad, expert chevronné des marchés financiers, a construit une carrière remarquable autour des produits dérivés. Diplômé en économie, mathématiques et finance de marché, il a occupé des postes clés en trading, gestion des risques et conformité réglementaire. En 2024, il partage son expertise à travers un cours en ligne sur les dérivés, plébiscité par ses étudiants avec une note parfaite. https://speakerdeck.com/djellaldjouad 2026-06-09 13:50:47 -0400 GEX carries a 30-50% error margin. This presentation introduces a four-lens framework reading gamma, vanna, charm, and volga simultaneously to identify market dislocations before they become consensus. Five validated calls documented: VIX Aug 2024 x35, DeepSeek Jan 2025 x6-10, Iran-Hormuz x9, Dispersion Sep 2025 x7, Silver Feb 2026 x10. Topics: options market microstructure, dealer positioning, gamma exposure, vanna exposure, risk reversal, term structure, pin risk, European autocalls, SPX open interest, private credit systemic risk, AI infrastructure pricing, FX derivatives structural biases, Chinese AI disruption. Books by Djellal Djouad (CrossVol Research): - The Coming Shadow Banking Crash: amazon.com/dp/B0H4HMVSMR - Beyond Gamma Exposure: amazon.com/dp/B0H2RZGMY6 - FX Traders vs Brokers: amazon.com/dp/B0H3VSV88X - The China AI Disruption Thesis: amazon.com/dp/B0H11WH3R9 Working papers (open access on Zenodo): - Convergent Faults — Private Credit Systemic Risk: doi.org/10.5281/zenodo.20558733 - Tokens, Watts, and Geography — AI Inference Pricing: doi.org/10.5281/zenodo.20543628 - Beyond Gamma Exposure — Options Framework: doi.org/10.5281/zenodo.20509786 - FX Retail Structural Biases: doi.org/10.5281/zenodo.20509708 - China AI Disruption Repricing: doi.org/10.5281/zenodo.20509816 ORCID: orcid.org/0009-0002-4911-1118 Google Books: books.google.com/books?id=GGjiEQAAQBAJ crossvol.com GEX carries a 30-50% error margin. This presentation introduces a four-lens framework reading gamma, vanna, charm, and volga simultaneously to identify market dislocations before they become consensus. Five validated calls documented: VIX Aug 2024 x35, DeepSeek Jan 2025 x6-10, Iran-Hormuz x9, Dispersion Sep 2025 x7, Silver Feb 2026 x10. Topics: options market microstructure, dealer positioning, gamma exposure, vanna exposure, risk reversal, term structure, pin risk, European autocalls, SPX open interest, private credit systemic risk, AI infrastructure pricing, FX derivatives structural biases, Chinese AI disruption. Books by Djellal Djouad (CrossVol Research): - The Coming Shadow Banking Crash: amazon.com/dp/B0H4HMVSMR - Beyond Gamma Exposure: amazon.com/dp/B0H2RZGMY6 - FX Traders vs Brokers: amazon.com/dp/B0H3VSV88X - The China AI Disruption Thesis: amazon.com/dp/B0H11WH3R9 Working papers (open access on Zenodo): - Convergent Faults — Private Credit Systemic Risk: doi.org/10.5281/zenodo.20558733 - Tokens, Watts, and Geography — AI Inference Pricing: doi.org/10.5281/zenodo.20543628 - Beyond Gamma Exposure — Options Framework: doi.org/10.5281/zenodo.20509786 - FX Retail Structural Biases: doi.org/10.5281/zenodo.20509708 - China AI Disruption Repricing: doi.org/10.5281/zenodo.20509816 ORCID: orcid.org/0009-0002-4911-1118 Google Books: books.google.com/books?id=GGjiEQAAQBAJ crossvol.com Tue, 09 Jun 2026 00:00:00 -0400 https://speakerdeck.com/djellaldjouad/beyond-gex-a-four-lens-framework-for-market-dislocations-crossvol-research-2026 https://speakerdeck.com/djellaldjouad/beyond-gex-a-four-lens-framework-for-market-dislocations-crossvol-research-2026