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: Jul 28, 2026 12:13 AM

OTM Call (CE) — 24100
36.95
OI: 1.10Cr
ATM / Spot
24000
23996
OTM Put (PE) — 23900
17.70
OI: 1.24Cr
54.65
Strangle Premium
1.12
PCR (OI)
24155
Upper Breakeven
23845
Lower Breakeven

Profit zone (short strangle): ▼ 23845 — stay between — ▲ 24155

OTM CE Strike (24100)
ATM (24000)
OTM PE Strike (23900)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
56.07L +0.00 22.95 24150 130.55 +0.00 5.71L
1.10Cr +0.00 36.95 24100
OTM CE 		94.20 +0.00 35.25L
62.44L +0.00 57.65 24050 65.55 +0.00 28.97L
1.25Cr +0.00 84.85 24000
ATM 		42.15 +0.00 1.36Cr
37.33L +0.00 119.60 23950 27.05 +0.00 99.92L
36.35L +0.00 158.90 23900
OTM PE 		17.70 +0.00 1.24Cr
11.56L +0.00 202.50 23850 11.90 +0.00 57.92L

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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