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 06, 2026 09:25 AM

OTM Call (CE) — 23400
134.70
OI: 57.26L
ATM / Spot
23350
23367
OTM Put (PE) — 23300
84.70
OI: 73.96L
219.40
Strangle Premium
1.29
PCR (OI)
23619
Upper Breakeven
23081
Lower Breakeven

Profit zone (short strangle): ▼ 23081 — stay between — ▲ 23619

OTM CE Strike (23400)
ATM (23350)
OTM PE Strike (23300)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
33.63L +0.00 111.80 23450 156.05 +0.00 18.39L
57.26L +0.00 134.70 23400
OTM CE 		129.45 +0.00 57.20L
21.53L +0.00 161.00 23350
ATM 		105.70 +0.00 28.78L
44.71L +0.00 190.00 23300
OTM PE 		84.70 +0.00 73.96L
6.22L +0.00 222.15 23250 67.45 +0.00 21.12L

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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