Should I adjust position size before Berkshire Hathaway’s shopping extravaganza draws lighter crowds as spotlight shifts to Greg Abel?

No. Position size for SPX iron condors should be driven by your account risk limits, current VIX level, and ALVH reading, not by Berkshire Hathaway headlines or succession speculation. Greg Abel’s spotlight shift is noise that has zero direct impact on SPX implied volatility or the index’s 30-day realized move.

Stick to the ALVH framework: if VIX is below 15 and your ALVH score remains in the green zone, keep full size. If VIX edges above 18 or ALVH turns yellow, cut size by 25-40 percent before you open the new condor. Wing width stays fixed at 40-60 points on the SPX; never widen wings to chase credit when size is already maxed.

Review your portfolio delta and vega exposure each Monday. If the current iron condor already uses 3-4 percent of portfolio margin at open, do not layer on more contracts regardless of any retail narrative around Berkshire. Trade the volatility regime, not the news flow.