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: Jul 31, 2026 10:51 PM

OTM Call (CE) — 57500
692.00
OI: 6.27L
ATM / Spot
57300
57265
OTM Put (PE) — 57100
620.00
OI: 1.19L
1312.00
Strangle Premium
0.19
PCR (OI)
58812
Upper Breakeven
55788
Lower Breakeven

Profit zone (short strangle): ▼ 55788 — stay between — ▲ 58812

OTM CE Strike (57500)
ATM (57300)
OTM PE Strike (57100)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
71.1K +0.00 645.00 57600 853.60 +0.00 34.7K
6.27L +0.00 692.00 57500
OTM CE 		796.15 +0.00 3.77L
1.59L +0.00 749.15 57400 754.40 +0.00 78.8K
2.51L +0.00 795.00 57300
ATM 		692.25 +0.00 1.46L
1.75L +0.00 850.00 57200 654.85 +0.00 1.64L
1.25L +0.00 910.80 57100
OTM PE 		620.00 +0.00 1.19L
7.76L +0.00 965.05 57000 571.70 +0.00 9.05L

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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