Strangle Indicators — FINNIFTY

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: 50 pts)

Updated: Oct 31, 2026 02:27 AM

OTM Call (CE) — 24800
365.95
OI: 17.9K
ATM / Spot
24700
24712
OTM Put (PE) — 24600
332.00
OI: 60.8K
697.95
Strangle Premium
3.39
PCR (OI)
25498
Upper Breakeven
23902
Lower Breakeven

Profit zone (short strangle): ▼ 23902 — stay between — ▲ 25498

OTM CE Strike (24800)
ATM (24700)
OTM PE Strike (24600)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
720 +0.00 331.95 24850 440.70 +0.00 960
17.9K +0.00 365.95 24800
OTM CE 		416.65 +0.00 5.0K
3.1K +0.00 396.90 24750 397.70 +0.00 600
7.4K +0.00 428.15 24700
ATM 		372.85 +0.00 6.4K
4.1K +0.00 456.25 24650 343.40 +0.00 1.3K
14.6K +0.00 479.90 24600
OTM PE 		332.00 +0.00 60.8K
960 +0.00 508.15 24550 320.75 +0.00 1.1K

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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