Vols are really sticky here (VIX 20). You think index vols will be 18 forward and you short 20 avg (P24, C16) and the mkt rallies 2%. You may win the participation trophy on predicting the vol-line but your short call at 6 is now 24. SK25 is still sticky D so you'll probably lose on vol-line as well as both strikes are now under the mkt. If it goes deeply against you then the vol-line you shorted won't mean a thing. I think all participants treat ICs the same; RV will keep spot within a range and the risk to the vert is worth the gamble. These aren't things that you can hedge dynamically. The words "roll or rolling" are verboten here.
What's the cost of an iron condor? Have you looked at doing a near similar position using event contracts? Kalshi is retail's edge
Good to know you're on there. I talked with them (here) and on a call discussing the potential for a strip of digitals instead of range digitals which have been done at IG and elsewhere. I have no interest in the range product. I'd be active if they offered a strip of digitals or touches.