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: Oct 01, 2026 04:35 PM

OTM Call (CE) — 22450
128.55
OI: 23.00L
ATM / Spot
22400
22422
OTM Put (PE) — 22350
84.80
OI: 23.64L
213.35
Strangle Premium
1.03
PCR (OI)
22663
Upper Breakeven
22137
Lower Breakeven

Profit zone (short strangle): ▼ 22137 — stay between — ▲ 22663

OTM CE Strike (22450)
ATM (22400)
OTM PE Strike (22350)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
68.88L +0.00 104.05 22500 151.60 +0.00 49.94L
23.00L +0.00 128.55 22450
OTM CE 		126.00 +0.00 21.11L
35.64L +0.00 156.95 22400
ATM 		103.60 +0.00 42.77L
10.81L +0.00 188.50 22350
OTM PE 		84.80 +0.00 23.64L
31.94L +0.00 220.80 22300 68.30 +0.00 82.07L

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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