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 11:25 AM

No live data available — market may be closed or token expired.

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.

Long Strangle — Buy OTM Call + OTM Put
Short Strangle — Sell OTM Call + OTM Put (high theta decay benefit)
Defined risk for long, undefined risk for short