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 31, 2026 10:29 PM

OTM Call (CE) — 54500
1299.00
OI: 2.37L
ATM / Spot
54200
54239
OTM Put (PE) — 53900
807.90
OI: 22.4K
2106.90
Strangle Premium
0.09
PCR (OI)
56607
Upper Breakeven
51793
Lower Breakeven

Profit zone (short strangle): ▼ 51793 — stay between — ▲ 56607

OTM CE Strike (54500)
ATM (54200)
OTM PE Strike (53900)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
46.1K +0.00 1230.45 54600 1074.60 +0.00 41.2K
2.37L +0.00 1299.00 54500
OTM CE 		1039.90 +0.00 2.70L
20.5K +0.00 1357.95 54400 994.90 +0.00 31.4K
17.9K +0.00 1419.95 54300 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 879.35 +0.00 22.9K
7.52L +0.00 1578.95 54000 838.10 +0.00 10.29L
6.6K +0.00 1668.15 53900
OTM PE 		807.90 +0.00 22.4K
9.7K +0.00 1724.80 53800 776.30 +0.00 30.5K

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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