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: Sep 12, 2026 09:30 AM

OTM Call (CE) — 23500
75.65
OI: 93.77L
ATM / Spot
23400
23398
OTM Put (PE) — 23300
44.65
OI: 1.38Cr
120.30
Strangle Premium
1.48
PCR (OI)
23620
Upper Breakeven
23180
Lower Breakeven

Profit zone (short strangle): ▼ 23180 — stay between — ▲ 23620

OTM CE Strike (23500)
ATM (23400)
OTM PE Strike (23300)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
49.22L +0.00 54.35 23550 141.00 +0.00 9.21L
93.77L +0.00 75.65 23500
OTM CE 		112.75 +0.00 42.66L
40.47L +0.00 103.40 23450 90.60 +0.00 35.50L
61.80L +0.00 133.60 23400
ATM 		70.40 +0.00 90.51L
21.37L +0.00 170.55 23350 56.75 +0.00 60.88L
27.80L +0.00 210.05 23300
OTM PE 		44.65 +0.00 1.38Cr
14.03L +0.00 246.75 23250 36.00 +0.00 80.41L

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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