Should I adjust position size before Gold eases as inflation jitters, Iran war cloud US rate outlook - Reuters?

Adjust your position size now based on current VIX rather than waiting for the next Gold move. With VIX above 18-20 the ALVH methodology calls for 25-40 percent smaller iron condor size on SPX to keep defined risk aligned with elevated implied volatility. Gold strength and Iran headlines are simply confirming what elevated VIX already signals: wider expected daily ranges that increase the probability of wing breaches.

Reduce contracts immediately to the lower size dictated by your ALVH table for the current VIX bucket. Keep 45-55 delta short strikes and maintain at least 1.8 times wing width relative to credit received. Once VIX drops back below 17 you can scale size back up on the next setup. Do not add to the current position and do not widen wings to chase yield while volatility remains elevated. Tight risk control now preserves capital for higher-probability setups when inflation and geopolitical noise subside.