Should I adjust position size before Dogecoin leads pre-FOMC rally with 12% gains: Is DOGE price headed to $0.33??

No. Do not adjust your SPX iron condor position size based on Dogecoin price action or any crypto-driven pre-FOMC narrative.

SPX iron condors are built on index volatility, not meme-coin momentum. DOGE at 12 percent or a hypothetical move toward 0.33 has zero direct bearing on VIX term structure or SPX implied volatility that actually drives your condor Greeks.

Check the ALVH framework instead. If current VIX is below 15 and the 30-day realized vol is compressing, keep position size consistent with your defined risk per trade, typically 1-2 percent of portfolio on a 45-55 delta short strangle with 15-20 percent wing width. Wider wings only if VIX term structure shows strong contango and you are harvesting premium above the 16th percentile of VIX levels.

Pre-FOMC periods often compress short-term vol; size should reflect that measured edge, not crypto headlines. Stick to your iron condor rules, manage the short strikes if tested, and roll or close on 50 percent profit targets regardless of what DOGE does. Crypto noise is irrelevant to disciplined SPX wing-width and position-size decisions.