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: Oct 31, 2026 02:27 AM

OTM Call (CE) — 54900
760.35
OI: 1.23L
ATM / Spot
54700
54687
OTM Put (PE) — 54500
667.10
OI: 5.06L
1427.45
Strangle Premium
4.1
PCR (OI)
56327
Upper Breakeven
53073
Lower Breakeven

Profit zone (short strangle): ▼ 53073 — stay between — ▲ 56327

OTM CE Strike (54900)
ATM (54700)
OTM PE Strike (54500)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
11.37L +0.00 703.00 55000 901.00 +0.00 11.20L
1.23L +0.00 760.35 54900
OTM CE 		846.70 +0.00 1.24L
1.46L +0.00 806.20 54800 804.90 +0.00 1.06L
1.31L +0.00 857.85 54700
ATM 		753.45 +0.00 1.12L
83.2K +0.00 911.50 54600 713.55 +0.00 94.2K
3.71L +0.00 973.70 54500
OTM PE 		667.10 +0.00 5.06L
50.5K +0.00 1038.60 54400 637.70 +0.00 1.02L

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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