Strangle Indicators — NIFTY

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: Jul 31, 2026 04:51 PM

OTM Call (CE) — 24450
47.20
OI: 44.98L
ATM / Spot
24400
24384
OTM Put (PE) — 24350
75.00
OI: 57.92L
122.20
Strangle Premium
1.29
PCR (OI)
24572
Upper Breakeven
24228
Lower Breakeven

Profit zone (short strangle): ▼ 24228 — stay between — ▲ 24572

OTM CE Strike (24450)
ATM (24400)
OTM PE Strike (24350)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
93.41L +0.00 31.15 24500 162.05 +0.00 20.49L
44.98L +0.00 47.20 24450
OTM CE 		127.45 +0.00 14.53L
83.51L +0.00 68.30 24400
ATM 		98.95 +0.00 61.02L
40.06L +0.00 93.65 24350
OTM PE 		75.00 +0.00 57.92L
50.19L +0.00 124.45 24300 56.00 +0.00 98.79L

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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