Strangle Indicators — MIDCPNIFTY

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: 25 pts)

Updated: Jul 28, 2026 12:13 AM

OTM Call (CE) — 14600
39.00
OI: 6.18L
ATM / Spot
14575
14573
OTM Put (PE) — 14550
27.55
OI: 3.23L
66.55
Strangle Premium
0.52
PCR (OI)
14667
Upper Breakeven
14483
Lower Breakeven

Profit zone (short strangle): ▼ 14483 — stay between — ▲ 14667

OTM CE Strike (14600)
ATM (14575)
OTM PE Strike (14550)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
1.82L +0.00 29.45 14625 60.75 +0.00 32.9K
6.18L +0.00 39.00 14600
OTM CE 		50.85 +0.00 3.90L
1.80L +0.00 53.35 14575
ATM 		35.60 +0.00 1.72L
2.17L +0.00 66.25 14550
OTM PE 		27.55 +0.00 3.23L
1.10L +0.00 85.90 14525 20.00 +0.00 1.48L

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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