A short strangle with the same short strikes as an iron condor is generally more profitable, but unlike a short iron condor, the short strangle offers no protection to limit losses should the underlying instrument's spot price change dramatically.
In trading, a short strangle is often preferred over a brief squeeze with matching short strikes as an iron condor due to its higher potential for profit; however, unlike a short iron condor, it does not provide any protection against substantial losses that might result from a significant shift in the underlying asset's market price.