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 01, 2026 01:52 AM

OTM Call (CE) — 54900
900.05
OI: 72.8K
ATM / Spot
54600
54633
OTM Put (PE) — 54300
594.25
OI: 60.0K
1494.30
Strangle Premium
0.83
PCR (OI)
56394
Upper Breakeven
52806
Lower Breakeven

Profit zone (short strangle): ▼ 52806 — stay between — ▲ 56394

OTM CE Strike (54900)
ATM (54600)
OTM PE Strike (54300)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
7.22L +0.00 836.00 55000 873.00 +0.00 8.02L
72.8K +0.00 900.05 54900
OTM CE 		828.00 +0.00 92.5K
90.9K +0.00 948.90 54800 769.45 +0.00 65.3K
68.2K +0.00 1010.85 54700 741.05 +0.00 1.05L
56.1K +0.00 1073.50 54600
ATM 		700.00 +0.00 69.5K
2.58L +0.00 1130.00 54500 660.00 +0.00 3.91L
27.5K +0.00 1205.45 54400 629.90 +0.00 60.7K
27.6K +0.00 1275.00 54300
OTM PE 		594.25 +0.00 60.0K
65.9K +0.00 1330.00 54200 564.10 +0.00 91.3K

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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