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) — 24150
22.95
OI: 56.07L
ATM / Spot
24000
23996
OTM Put (PE) — 23850
11.90
OI: 57.92L
34.85
Strangle Premium
1.03
PCR (OI)
24185
Upper Breakeven
23815
Lower Breakeven

Profit zone (short strangle): ▼ 23815 — stay between — ▲ 24185

OTM CE Strike (24150)
ATM (24000)
OTM PE Strike (23850)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
1.48Cr +0.00 14.05 24200 171.05 +0.00 22.57L
56.07L +0.00 22.95 24150
OTM CE 		130.55 +0.00 5.71L
1.10Cr +0.00 36.95 24100 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 17.70 +0.00 1.24Cr
11.56L +0.00 202.50 23850
OTM PE 		11.90 +0.00 57.92L
20.87L +0.00 250.85 23800 8.65 +0.00 1.05Cr

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.

Join Telegram
Generate AI summary