Strangle Indicators — MIDCPNIFTY

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: 25 pts)

Updated: Aug 01, 2026 10:36 AM

OTM Call (CE) — 15400
25.60
OI: 2.95L
ATM / Spot
15375
15374
OTM Put (PE) — 15350
957.35
OI: 0
982.95
Strangle Premium
0.0
PCR (OI)
16383
Upper Breakeven
14367
Lower Breakeven

Profit zone (short strangle): ▼ 14367 — stay between — ▲ 16383

OTM CE Strike (15400)
ATM (15375)
OTM PE Strike (15350)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
0 +0.00 482.35 15425 1003.85 +0.00 0
2.95L +0.00 25.60 15400
OTM CE 		988.25 +0.00 0
0 +0.00 500.45 15375
ATM 		972.70 +0.00 0
0 +0.00 509.70 15350
OTM PE 		957.35 +0.00 0
0 +0.00 519.10 15325 942.05 +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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