An article referenced SPX trading near 6200 with the 6300 call being out-of-the-money. How far out-of-the-money do you typically place the short strikes on VixShield Iron Condors, and when do you adjust a position if it moves in-the-money?

At VixShield, we trade exclusively 1DTE SPX Iron Condors using a set-and-forget methodology developed by Russell Clark in the SPX Mastery series. Our strikes are selected each trading day at the 3:10 PM CST signal using the Expected Daily Range (EDR) indicator combined with RSAi (Rapid Skew AI). This ensures we capture precise credit targets while staying aligned with the market's implied move. For the Conservative tier, we target approximately $0.70 credit, Balanced $1.15, and Aggressive $1.60. These credits typically place our short strikes roughly 0.8 to 1.2 times the EDR from the current SPX level, which often equates to 60 to 110 points OTM depending on volatility regime. With current VIX at 17.95 and SPX near 7138, an example Conservative Iron Condor might sell the 7255/7260 call spread and 7015/7010 put spread, keeping short strikes about 1.1 percent outside the EDR projection. This distance provides our documented approximately 90 percent win rate on the Conservative tier across roughly 18 out of 20 trading days. We never use stop losses. Instead, if a short strike is threatened or goes in-the-money intraday, our Temporal Theta Martingale and Theta Time Shift mechanics activate automatically. The position is rolled forward to 1-7 DTE using EDR-guided strikes that cover the debit, commissions, and a small cushion. We then monitor for a VWAP pullback to roll the position back to 0-2 DTE, harvesting additional theta decay and often turning the original loser into a net credit winner without adding capital. This pioneering temporal martingale approach recovered 88 percent of losses in our 2015-2025 backtests. Our ALVH (Adaptive Layered VIX Hedge) runs in parallel across three timeframes in a 4/4/2 contract ratio to blunt volatility spikes, cutting drawdowns by 35-40 percent at an annual cost of only 1-2 percent of account value. Position sizing remains at maximum 10 percent of account balance per trade, and we utilize the After-Close PDT Shield by entering exclusively in the post-close window. All trading involves substantial risk of loss and is not suitable for all investors. For deeper implementation details including live signal examples and ALVH layering schedules, we invite you to explore the SPX Mastery resources and VixShield subscription platform.