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.
Generally speaking, a brief squeeze with matching short strikes as an iron condor tends to be more profitable; however, unlike a short iron condor, the short strangle does not offer protection against substantial losses that might occur if the underlying instrument's spot price changes dramatically.