Should I adjust position size before Core Inflation Rate YoY?

Before the Core Inflation Rate YoY release, reduce your position size to 50-60% of normal. This event often moves SPX 0.8-1.4% in the first 30 minutes, which can breach your short strikes even on well-placed iron condors.

At current VIX levels around 17-19 the ALVH methodology calls for tighter 12-15 delta shorts and wider 35-40 point wings to maintain positive theta-to-gamma ratio. With reduced size you keep the same wing-width management rules but lower overall dollar risk. This prevents one event from damaging your monthly P&L and gives you dry powder to add to the position post-release once volatility crush occurs.

Enter full size only after the number prints and the first 15-minute candle settles. Pre-event sizing discipline is one of the highest-edge rules in the ALVH playbook.