Strangle Indicators — BANKNIFTY

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: 100 pts)

Updated: Apr 14, 2026 08:03 PM

OTM Call (CE) — 55700
1089.60
OI: 1.25L
ATM / Spot
55600
55605
OTM Put (PE) — 55500
985.00
OI: 2.95L
2074.60
Strangle Premium
2.36
PCR (OI)
57775
Upper Breakeven
53425
Lower Breakeven

Profit zone (short strangle): ▼ 53425 — stay between — ▲ 57775

OTM CE Strike (55700)
ATM (55600)
OTM PE Strike (55500)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
97.8K +0.00 1031.95 55800 1108.45 +0.00 1.03L
1.25L +0.00 1089.60 55700
OTM CE 		1064.45 +0.00 1.03L
1.26L +0.00 1149.80 55600
ATM 		1028.00 +0.00 95.8K
2.54L +0.00 1199.05 55500
OTM PE 		985.00 +0.00 2.95L
44.0K +0.00 1259.80 55400 946.40 +0.00 78.5K

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.

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