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 12, 2026 11:28 PM

OTM Call (CE) — 23450
244.10
OI: 5.13L
ATM / Spot
23400
23380
OTM Put (PE) — 23350
185.85
OI: 6.38L
429.95
Strangle Premium
1.24
PCR (OI)
23880
Upper Breakeven
22920
Lower Breakeven

Profit zone (short strangle): ▼ 22920 — stay between — ▲ 23880

OTM CE Strike (23450)
ATM (23400)
OTM PE Strike (23350)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
35.79L +0.00 219.95 23500 256.05 +0.00 29.84L
5.13L +0.00 244.10 23450
OTM CE 		233.00 +0.00 3.53L
14.64L +0.00 272.00 23400
ATM 		210.95 +0.00 26.22L
3.53L +0.00 297.05 23350
OTM PE 		185.85 +0.00 6.38L
4.23L +0.00 330.00 23300 168.00 +0.00 23.49L

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.

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