Strangle Indicators — BANKNIFTY

Live OTM Strangle indicators — OTM Call (CE) + OTM Put (PE) at different strikes. Select index and strike width.

NIFTY BANKNIFTY FINNIFTY MIDCPNIFTY SENSEX
Strike Width: 1 Strike OTM 2 Strikes OTM 3 Strikes OTM (Step: 100 pts)

Updated: Jul 28, 2026 12:13 AM

OTM Call (CE) — 57200
167.95
OI: 6.72L
ATM / Spot
57100
57087
OTM Put (PE) — 57000
111.50
OI: 11.88L
279.45
Strangle Premium
1.77
PCR (OI)
57479
Upper Breakeven
56721
Lower Breakeven

Profit zone (short strangle): ▼ 56721 — stay between — ▲ 57479

OTM CE Strike (57200)
ATM (57100)
OTM PE Strike (57000)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
6.39L +0.00 126.35 57300 255.85 +0.00 2.64L
6.72L +0.00 167.95 57200
OTM CE 		198.80 +0.00 3.12L
4.23L +0.00 218.00 57100
ATM 		150.55 +0.00 4.02L
12.06L +0.00 281.35 57000
OTM PE 		111.50 +0.00 11.88L
1.83L +0.00 348.20 56900 79.90 +0.00 4.04L

What is a Strangle Strategy?

A strangle involves buying or selling an OTM Call (CE) and an OTM Put (PE) at different strikes. It's cheaper than a straddle but needs a larger move to profit.

  • Short Strangle: Sell OTM CE + OTM PE. Profit if underlying stays between the two strikes until expiry.
  • Long Strangle: Buy OTM CE + OTM PE. Profit if underlying moves sharply beyond either breakeven.
  • Width = 1: One strike OTM on each side. Width = 2 = two strikes, etc.

Related Tools

A strangle is an options strategy similar to a straddle but uses OTM (Out-of-the-Money) strikes. It is cheaper than a straddle but requires a larger price move to be profitable.

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