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: Sep 13, 2026 10:30 PM

OTM Call (CE) — 56800
698.65
OI: 1.78L
ATM / Spot
56600
56607
OTM Put (PE) — 56400
415.45
OI: 1.09L
1114.10
Strangle Premium
0.61
PCR (OI)
57914
Upper Breakeven
55286
Lower Breakeven

Profit zone (short strangle): ▼ 55286 — stay between — ▲ 57914

OTM CE Strike (56800)
ATM (56600)
OTM PE Strike (56400)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
1.74L +0.00 643.60 56900 617.90 +0.00 1.34L
1.78L +0.00 698.65 56800
OTM CE 		568.05 +0.00 1.47L
1.24L +0.00 750.05 56700 534.15 +0.00 1.50L
1.28L +0.00 818.90 56600
ATM 		493.90 +0.00 1.33L
3.99L +0.00 876.45 56500 451.00 +0.00 6.34L
86.9K +0.00 933.00 56400
OTM PE 		415.45 +0.00 1.09L
78.5K +0.00 1014.00 56300 388.55 +0.00 1.46L

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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