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: May 30, 2026 05:00 AM

OTM Call (CE) — 54300
1419.95
OI: 17.9K
ATM / Spot
54200
54239
OTM Put (PE) — 54100
879.35
OI: 22.9K
2299.30
Strangle Premium
1.28
PCR (OI)
56599
Upper Breakeven
51801
Lower Breakeven

Profit zone (short strangle): ▼ 51801 — stay between — ▲ 56599

OTM CE Strike (54300)
ATM (54200)
OTM PE Strike (54100)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
20.5K +0.00 1357.95 54400 994.90 +0.00 31.4K
17.9K +0.00 1419.95 54300
OTM CE 		958.70 +0.00 32.7K
34.1K +0.00 1475.00 54200
ATM 		913.80 +0.00 46.9K
19.3K +0.00 1516.60 54100
OTM PE 		879.35 +0.00 22.9K
7.52L +0.00 1578.95 54000 838.10 +0.00 10.29L

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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