Should I adjust position size before Switzerland April CPI +0.6% vs +0.6% y/y expected?

The Switzerland April CPI print came in exactly as expected at +0.6% y/y, so it carries no surprise value and will have negligible direct impact on SPX. Do not adjust position size based on this number alone.

Focus instead on the current VIX level and your ALVH reading. If VIX is below 15 and ALVH is showing neutral-to-bullish regime, keep your standard iron condor size. If VIX is 18 or higher or ALVH has flipped to defensive, reduce size by 25-40% immediately regardless of the CPI print.

For wing-width management, stay with 45-55 delta short strikes on both sides in low-VIX environments to collect 1.15-1.45 credit. Only widen to 30-35 delta wings if VIX spikes above 20 and you are running a reduced size.

The CPI miss or beat would have mattered only if it deviated by 0.2 or more. Since it matched consensus, treat today as any other low-event day. Check SPX price action around 5300-5350 and your defined ALVH threshold before deciding final size for the next iron condor.