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: Apr 14, 2026 08:03 PM

OTM Call (CE) — 23900
259.05
OI: 16.09L
ATM / Spot
23850
23843
OTM Put (PE) — 23800
274.10
OI: 24.23L
533.15
Strangle Premium
1.51
PCR (OI)
24433
Upper Breakeven
23267
Lower Breakeven

Profit zone (short strangle): ▼ 23267 — stay between — ▲ 24433

OTM CE Strike (23900)
ATM (23850)
OTM PE Strike (23800)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
2.33L +0.00 234.55 23950 345.25 +0.00 2.35L
16.09L +0.00 259.05 23900
OTM CE 		318.05 +0.00 14.81L
7.27L +0.00 286.90 23850
ATM 		292.25 +0.00 7.47L
14.45L +0.00 310.40 23800
OTM PE 		274.10 +0.00 24.23L
3.01L +0.00 341.05 23750 247.60 +0.00 4.01L

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.

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