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: Oct 02, 2026 05:21 AM

OTM Call (CE) — 54700
943.00
OI: 83.9K
ATM / Spot
54500
54451
OTM Put (PE) — 54300
699.20
OI: 79.8K
1642.20
Strangle Premium
0.95
PCR (OI)
56342
Upper Breakeven
52658
Lower Breakeven

Profit zone (short strangle): ▼ 52658 — stay between — ▲ 56342

OTM CE Strike (54700)
ATM (54500)
OTM PE Strike (54300)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
1.35L +0.00 882.20 54800 909.50 +0.00 99.5K
83.9K +0.00 943.00 54700
OTM CE 		857.50 +0.00 1.06L
65.1K +0.00 1000.45 54600 816.00 +0.00 71.9K
3.62L +0.00 1056.65 54500
ATM 		777.30 +0.00 4.26L
45.0K +0.00 1115.50 54400 737.90 +0.00 78.1K
43.4K +0.00 1180.70 54300
OTM PE 		699.20 +0.00 79.8K
74.4K +0.00 1236.90 54200 662.50 +0.00 1.13L

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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