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: Aug 21, 2026 12:31 AM

OTM Call (CE) — 24300
92.25
OI: 98.82L
ATM / Spot
24250
24232
OTM Put (PE) — 24200
58.00
OI: 1.37Cr
150.25
Strangle Premium
1.38
PCR (OI)
24450
Upper Breakeven
24050
Lower Breakeven

Profit zone (short strangle): ▼ 24050 — stay between — ▲ 24450

OTM CE Strike (24300)
ATM (24250)
OTM PE Strike (24200)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
30.72L +0.00 68.75 24350 124.35 +0.00 19.94L
98.82L +0.00 92.25 24300
OTM CE 		98.00 +0.00 75.34L
42.47L +0.00 119.00 24250
ATM 		76.05 +0.00 50.26L
84.39L +0.00 150.30 24200
OTM PE 		58.00 +0.00 1.37Cr
12.69L +0.00 187.35 24150 43.85 +0.00 46.88L

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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