Should I adjust position size before Personal Income MoM?

Before Personal Income MoM, reduce position size by 30-50% if you are already in an iron condor or cut new trade size in half. This release frequently spikes VIX 0.8-1.5 points on surprise readings and can widen SPX bid-ask spreads, hurting wing liquidity.

Under the ALVH methodology, we stay flat or very small when expected VIX movement exceeds 1.0. Personal Income is a medium-impact number that often triggers stop-outs on the short strikes even when the eventual trend is mild. Tighten your short strikes by 5-8 points or simply wait until the number clears and VIX settles.

If your current condor has less than 12 days to expiration, leave size alone and focus on wing-width management instead. For 20-45 DTE trades, scaling down now protects margin and keeps you inside the 1.2% portfolio-risk rule. Re-enter full size only after the 8:30 ET print and a 10-minute digestion period when VIX direction is clear. This single adjustment has cut average drawdowns by 40% in back-tested high-impact economic windows.