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 12:18 AM

OTM Call (CE) — 23700
152.10
OI: 50.08L
ATM / Spot
23550
23548
OTM Put (PE) — 23400
39.15
OI: 42.49L
191.25
Strangle Premium
0.85
PCR (OI)
23891
Upper Breakeven
23209
Lower Breakeven

Profit zone (short strangle): ▼ 23209 — stay between — ▲ 23891

OTM CE Strike (23700)
ATM (23550)
OTM PE Strike (23400)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
26.30L +0.00 128.50 23750 160.65 +0.00 17.35L
50.08L +0.00 152.10 23700
OTM CE 		135.10 +0.00 46.86L
8.52L +0.00 179.95 23650 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 49.40 +0.00 14.25L
2.73L +0.00 357.05 23400
OTM PE 		39.15 +0.00 42.49L
84.5K +0.00 399.70 23350 30.70 +0.00 18.34L

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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