Strangle Indicators — FINNIFTY

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: 50 pts)

Updated: Aug 01, 2026 10:36 AM

OTM Call (CE) — 29400
238.75
OI: 0
ATM / Spot
29350
29368
OTM Put (PE) — 29300
3187.90
OI: 0
3426.65
Strangle Premium
0
PCR (OI)
32827
Upper Breakeven
25873
Lower Breakeven

Profit zone (short strangle): ▼ 25873 — stay between — ▲ 32827

OTM CE Strike (29400)
ATM (29350)
OTM PE Strike (29300)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
0 +0.00 18.75 29450 2761.90 +0.00 0
0 +0.00 238.75 29400
OTM CE 		3272.15 +0.00 0
0 +0.00 22.00 29350
ATM 		2665.55 +0.00 0
0 +0.00 253.05 29300
OTM PE 		3187.90 +0.00 0
0 +0.00 25.75 29250 2569.65 +0.00 0

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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