You will often hear us say that with Short Strangles and Inverted Strangles we want the same thing (stock inside the strikes), but the reason why is different. With a Short Strangle the best-case scenario is both options out-of-the-money, while with an Inverted Strangle the best-case scenario is always both options in-the-money. Thus, while we want the stock between the strikes to minimize intrinsic value for both strategies, the end result is very different.
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