Is this a neutral strangle?

[rocky_raccoon]

Quote from Twinsen:

I would not say that OTM strangle and ITM strangles are the same if stock does not move OTM will decay faster than deep ITM.

If the stock is at 30, then 25 put/35 call strangle has the same time value as 25 call/35 put strangle. E.g. if 25P/35C is worth $1 then 25C/35P is worth $11. At the expiration the OTM strangle will be worth $0 and ITM strangle will be at $10 provided that the stock stays in the 25-35 range.

Time value will decay at the same speed.