Should I adjust position size before Ten hurt in fire at shopping centre west of Tehran, Iranian media says - Reuters?
VixShield Answer
No. Do not adjust position size based on this news.
SPX iron condors are driven by VIX levels, implied volatility skew, and the ALVH framework not geopolitical headlines from distant events. A single fire in Tehran has zero material edge on US index volatility or the probability distribution you are selling.
Stay mechanical. If your current condor was sized correctly relative to account risk, wing width, and VIX regime when you entered, keep the size. Only resize when VIX crosses your predefined ALVH thresholds, when wing width no longer matches the current vol environment, or when your portfolio heat exceeds plan. Random news flow is exactly what causes over-trading and inconsistent results.
Focus on the Greeks and the volatility regime, not the news ticker.
Put This Knowledge to Work
VixShield delivers professional iron condor signals every trading day, built on the methodology behind these answers.
Start Free Trial →