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: Jun 19, 2026 05:13 PM

OTM Call (CE) — 24050
94.20
OI: 40.07L
ATM / Spot
24000
24013
OTM Put (PE) — 23950
53.70
OI: 40.80L
147.90
Strangle Premium
1.02
PCR (OI)
24198
Upper Breakeven
23802
Lower Breakeven

Profit zone (short strangle): ▼ 23802 — stay between — ▲ 24198

OTM CE Strike (24050)
ATM (24000)
OTM PE Strike (23950)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
68.03L +0.00 72.30 24100 123.35 +0.00 33.17L
40.07L +0.00 94.20 24050
OTM CE 		95.80 +0.00 21.07L
90.59L +0.00 120.00 24000
ATM 		72.35 +0.00 94.91L
24.11L +0.00 151.00 23950
OTM PE 		53.70 +0.00 40.80L
21.22L +0.00 186.15 23900 39.35 +0.00 57.45L

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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