The research analyzed how different delta selections impact profit timing in short strangles. While 5-delta strangles achieve 50% profit targets quicker with a 98% win rate, they only generate $18 average P&L compared to $77 for 40-delta positions.

The sweet spot appears to be in the 16-20 delta range, balancing profit potential with manageable risk. When implied volatility exceeds 30%, profits increase substantially across all delta ranges while win rates remain relatively stable.

This confirms the strategy of positioning in the 16-20 or more aggressive of 20-25 delta range and increasing position size during high volatility environments for optimal risk-adjusted returns.