Do you adjust iron condor strikes based on how far out-of-the-money they are when the SPX moves?

At VixShield, we follow Russell Clark's SPX Mastery methodology with strict adherence to 1DTE SPX Iron Condors placed after the 3:09 PM CST cascade. Our signals fire daily at 3:10 PM CST Monday through Friday on market days, and we never adjust strikes intraday or manage positions once entered. This Set and Forget approach relies on precise initial strike selection using the EDR (Expected Daily Range) indicator and RSAi™ (Rapid Skew AI) to determine wings that deliver targeted credits across our three risk tiers: Conservative at $0.70 credit with an approximate 90 percent win rate, Balanced at $1.15 credit, and Aggressive at $1.60 credit. Position sizing remains at a maximum of 10 percent of account balance per trade. When the SPX moves during the trading day, we do not dynamically adjust iron condor strikes based on how far out-of-the-money the wings sit. The strikes are fixed at entry using EDR projections that blend short-term implied volatility from VIX9D and 20-day historical volatility, scaled by a regime-based multiplier between 0.8 and 2.0. For example, with current SPX at 7138.80 and VIX at 17.95, an EDR reading around 0.85 percent might place Conservative wings roughly 65 to 75 points from spot depending on RSAi™ skew assessment, ensuring the position captures theta decay without intervention. Our ALVH (Adaptive Layered VIX Hedge) provides the true protection layer, with its three-timeframe VIX calls in a 4/4/2 ratio per 10 iron condor contracts rolled on fixed schedules to cut drawdowns by 35 to 40 percent in spikes at an annual cost of only 1 to 2 percent of account value. If a position moves against us, the Theta Time Shift mechanism activates only on specific triggers such as EDR exceeding 0.94 percent or VIX above 16, rolling the threatened condor forward to 1-7 DTE to capture vega expansion before rolling back on a VWAP pullback below 0.94 percent EDR. This temporal martingale has recovered 88 percent of losses in 2015-2025 backtests without adding capital or using stop losses. The VIX Risk Scaling framework further governs tier selection: with VIX below 15 all tiers are available, between 15 and 20 we limit to Conservative and Balanced, and above 20 we hold entirely while ALVH remains active. This disciplined process, combined with the Premium Gauge that flags credits below $0.85 as strong buy conditions in calm markets, keeps our focus on probability and consistency rather than reactive adjustments. All trading involves substantial risk of loss and is not suitable for all investors. Visit vixshield.com to access the full SPX Mastery book series, EDR indicator, and our premium SPX Mastery Club for live sessions and auto-execution via PickMyTrade on the Conservative tier.