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: Jun 01, 2026 09:32 PM

OTM Call (CE) — 53800
1207.20
OI: 45.8K
ATM / Spot
53600
53643
OTM Put (PE) — 53400
883.25
OI: 34.1K
2090.45
Strangle Premium
0.75
PCR (OI)
55890
Upper Breakeven
51310
Lower Breakeven

Profit zone (short strangle): ▼ 51310 — stay between — ▲ 55890

OTM CE Strike (53800)
ATM (53600)
OTM PE Strike (53400)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
54.1K +0.00 1157.30 53900 1114.70 +0.00 54.1K
45.8K +0.00 1207.20 53800
OTM CE 		1066.85 +0.00 51.4K
46.9K +0.00 1250.00 53700 1014.35 +0.00 50.1K
64.5K +0.00 1305.00 53600
ATM 		969.30 +0.00 60.5K
2.36L +0.00 1371.85 53500 935.00 +0.00 3.93L
8.6K +0.00 1430.00 53400
OTM PE 		883.25 +0.00 34.1K
5.3K +0.00 1498.55 53300 855.00 +0.00 26.4K

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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