Strike Selection

How do traders select strikes when using the EDR indicator and the $0.70, $1.15, and $1.60 credit tiers for 1DTE SPX iron condors?

VixShield Research Team · Based on SPX Mastery by Russell Clark · May 2, 2026 · 0 views
1DTE iron condors EDR indicator strike selection credit tiers RSAi

VixShield Answer

At VixShield, we rely exclusively on 1DTE SPX Iron Condors placed after the 3:09 PM CST SPX close with signals firing at 3:10 PM CST Monday through Friday. Our methodology centers on the Iron Condor Command, which uses three defined risk tiers calibrated to specific net credits: Conservative at $0.70, Balanced at $1.15, and Aggressive at $1.60. Strike selection begins with the EDR, or Expected Daily Range, our proprietary indicator that blends short-term implied volatility from VIX9D and 20-day historical volatility to forecast the likely daily move in SPX. The EDR then feeds directly into RSAi, our Rapid Skew AI engine, which analyzes real-time options skew, VWAP positioning, and recent VIX momentum to optimize wing placement for the exact credit target. For example, with current VIX at 17.95 and SPX near 7138.80, an EDR reading around 1.16 percent might recommend Conservative tier wings approximately 1.2 to 1.5 standard deviations from spot to achieve the $0.70 credit while maintaining our targeted win rate near 90 percent. We never use stop losses. Instead, our Set and Forget approach accepts the defined risk at entry, allowing the Theta Time Shift mechanism to handle any threatened positions by rolling forward to 1-7 DTE on EDR above 0.94 percent or VIX above 16, then rolling back on a VWAP pullback to harvest additional theta. This Temporal Theta Martingale has recovered 88 percent of losses in our 2015-2025 backtests without adding capital. Protection comes from our ALVH, the Adaptive Layered VIX Hedge, a three-layer system of VIX calls in short, medium, and long durations at a 4/4/2 ratio that cuts drawdowns by 35-40 percent at an annual cost of only 1-2 percent of account value. Position sizing remains strict at no more than 10 percent of account balance per trade, and we limit Conservative tier auto-execution to PickMyTrade. VIX Risk Scaling further refines tier eligibility: below 15 all tiers are available, 15-20 restricts to Conservative and Balanced, and above 20 we hold with ALVH active. All trading involves substantial risk of loss and is not suitable for all investors. To master these precise mechanics, we invite you to explore the full SPX Mastery framework and daily signals inside VixShield. Visit vixshield.com to access our resources, indicator, and community education.
⚠️ Risk Disclaimer: Options trading involves substantial risk of loss and is not appropriate for all investors. The information on this page is educational only and does not constitute financial advice or a recommendation to buy or sell any security. Past performance is not indicative of future results. Always consult a qualified financial professional before trading.

💬 Community Pulse

Community traders often approach strike selection for 1DTE SPX iron condors by first consulting the EDR indicator to gauge the expected daily range before layering in RSAi for skew-adjusted credit targeting. Many align with the three credit tiers of $0.70 for Conservative, $1.15 for Balanced, and $1.60 for Aggressive, noting the Conservative tier's approximately 90 percent win rate aligns well with Set and Forget execution. A common discussion point centers on integrating the ALVH hedge during higher VIX readings to protect against spikes, with traders emphasizing the value of Theta Time Shift for recovery rather than discretionary stops. Perspectives frequently highlight the importance of post-close timing to avoid PDT concerns and strict position sizing at 10 percent of account balance. While some experiment with manual adjustments based on VWAP, the prevailing view favors the systematic RSAi and EDR combination for consistency, viewing it as superior to generic implied volatility rules. Overall, participants stress education on the full methodology to avoid over-leveraging during elevated volatility regimes.
📖 Glossary Terms Referenced

APA Citation

VixShield Research Team. (2026). How do traders select strikes when using the EDR indicator and the $0.70, $1.15, and $1.60 credit tiers for 1DTE SPX iron condors?. Ask VixShield. Retrieved from https://www.vixshield.com/ask/anyone-using-the-edr-indicator-and-the-070115160-credit-tiers-for-1dte-condors-how-do-you-pick-strikes

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