When legging into an iron condor, is there a probability OTM you look for your opposite spread?
When choosing your strikes for the opposite spread, you're most concerned about taking in some additional credit, but also doing it at a strike that won't get touched if the underlying suddenly comes back in favor of the direction of your original spread. That TENDS to be a strike that is 80-90% Prob OTM from the underlying at the moment of the adjustment.