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 31, 2026 02:42 AM

OTM Call (CE) — 23650
179.95
OI: 8.52L
ATM / Spot
23550
23548
OTM Put (PE) — 23450
49.40
OI: 14.25L
229.35
Strangle Premium
1.67
PCR (OI)
23879
Upper Breakeven
23221
Lower Breakeven

Profit zone (short strangle): ▼ 23221 — stay between — ▲ 23879

OTM CE Strike (23650)
ATM (23550)
OTM PE Strike (23450)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
50.08L +0.00 152.10 23700 135.10 +0.00 46.86L
8.52L +0.00 179.95 23650
OTM CE 		112.80 +0.00 14.73L
14.83L +0.00 210.50 23600 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 61.80 +0.00 69.35L
1.61L +0.00 315.55 23450
OTM PE 		49.40 +0.00 14.25L
2.73L +0.00 357.05 23400 39.15 +0.00 42.49L

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.

Generate AI summary