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: Oct 01, 2026 12:53 AM

OTM Call (CE) — 22650
133.20
OI: 25.27L
ATM / Spot
22600
22620
OTM Put (PE) — 22550
98.00
OI: 14.59L
231.20
Strangle Premium
0.58
PCR (OI)
22881
Upper Breakeven
22319
Lower Breakeven

Profit zone (short strangle): ▼ 22319 — stay between — ▲ 22881

OTM CE Strike (22650)
ATM (22600)
OTM PE Strike (22550)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
87.40L +0.00 109.40 22700 168.05 +0.00 57.90L
25.27L +0.00 133.20 22650
OTM CE 		141.30 +0.00 19.41L
31.26L +0.00 159.80 22600
ATM 		118.50 +0.00 57.99L
5.40L +0.00 196.40 22550
OTM PE 		98.00 +0.00 14.59L
22.96L +0.00 220.65 22500 80.75 +0.00 66.59L

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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