Strangle Indicators — NIFTY

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: May 30, 2026 09:19 PM

OTM Call (CE) — 23600
210.50
OI: 14.83L
ATM / Spot
23550
23548
OTM Put (PE) — 23500
61.80
OI: 69.35L
272.30
Strangle Premium
4.68
PCR (OI)
23872
Upper Breakeven
23228
Lower Breakeven

Profit zone (short strangle): ▼ 23228 — stay between — ▲ 23872

OTM CE Strike (23600)
ATM (23550)
OTM PE Strike (23500)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
8.52L +0.00 179.95 23650 112.80 +0.00 14.73L
14.83L +0.00 210.50 23600
OTM CE 		92.45 +0.00 41.33L
7.76L +0.00 243.15 23550
ATM 		76.00 +0.00 19.11L
16.29L +0.00 278.25 23500
OTM PE 		61.80 +0.00 69.35L
1.61L +0.00 315.55 23450 49.40 +0.00 14.25L

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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