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 27, 2026 09:38 PM

OTM Call (CE) — 57300
126.35
OI: 6.39L
ATM / Spot
57100
57087
OTM Put (PE) — 56900
79.90
OI: 4.04L
206.25
Strangle Premium
0.63
PCR (OI)
57506
Upper Breakeven
56694
Lower Breakeven

Profit zone (short strangle): ▼ 56694 — stay between — ▲ 57506

OTM CE Strike (57300)
ATM (57100)
OTM PE Strike (56900)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
5.39L +0.00 93.00 57400 327.40 +0.00 1.49L
6.39L +0.00 126.35 57300
OTM CE 		255.85 +0.00 2.64L
6.72L +0.00 167.95 57200 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 111.50 +0.00 11.88L
1.83L +0.00 348.20 56900
OTM PE 		79.90 +0.00 4.04L
1.91L +0.00 433.20 56800 63.00 +0.00 5.17L

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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