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: Oct 30, 2026 06:06 PM

OTM Call (CE) — 23150
60.00
OI: 35.55L
ATM / Spot
23050
23053
OTM Put (PE) — 22950
86.15
OI: 42.41L
146.15
Strangle Premium
1.19
PCR (OI)
23296
Upper Breakeven
22804
Lower Breakeven

Profit zone (short strangle): ▼ 22804 — stay between — ▲ 23296

OTM CE Strike (23150)
ATM (23050)
OTM PE Strike (22950)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
76.16L +0.00 45.30 23200 218.20 +0.00 8.52L
35.55L +0.00 60.00 23150
OTM CE 		187.05 +0.00 5.19L
65.40L +0.00 79.30 23100 157.10 +0.00 27.25L
33.71L +0.00 101.15 23050
ATM 		130.05 +0.00 41.69L
74.45L +0.00 126.40 23000 105.70 +0.00 91.51L
12.89L +0.00 157.30 22950
OTM PE 		86.15 +0.00 42.41L
27.00L +0.00 191.55 22900 68.40 +0.00 89.55L

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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