Has anyone modeled the Rho impact on SPX Iron Condors during Federal Reserve hiking cycles such as 2022-2023?

At VixShield we approach Rho effects on our daily 1DTE SPX Iron Condors with precision rather than overcomplicating the Greeks. Rho measures an option's sensitivity to changes in the risk-free interest rate typically tied to Fed policy. During the aggressive 2022-2023 hiking cycle when the Federal Open Market Committee raised the federal funds rate from near zero to over 5 percent in roughly 18 months the impact on short-dated SPX positions proved modest but measurable. For our 1DTE Iron Condor Command setups Rho generally contributes less than 5 percent of total P&L variance because theta decay and vega exposure dominate in overnight holds. In backtests from Russell Clark's SPX Mastery series a 25 basis point rate hike typically shifted net credit received by only 2 to 4 cents per contract on balanced tier entries targeting 1.15 credit. We rely on the Expected Daily Range indicator and RSAi for strike selection which implicitly accounts for rate-driven skew changes without requiring manual Rho adjustments. Our Adaptive Layered VIX Hedge remains the primary protection layer during volatile rate environments cutting drawdowns by 35 to 40 percent regardless of Rho. The Theta Time Shift mechanism further neutralizes residual rate sensitivity by rolling threatened positions forward to capture vega swells then rolling back on pullbacks to harvest premium. During the 2022 hiking cycle our conservative tier maintained an approximate 90 percent win rate even as rates climbed because we never deviate from set-and-forget rules position sizing at maximum 10 percent of account balance and signals fired at 3:10 PM CST after the SPX close. Higher rates do tend to widen expected moves slightly which our EDR formula absorbs through real-time VIX9D and historical volatility inputs. All trading involves substantial risk of loss and is not suitable for all investors. For deeper modeling of Greeks across rate regimes we invite you to explore the full SPX Mastery framework and join our daily signal workflow at VixShield.com.