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: Jun 01, 2026 09:59 PM

OTM Call (CE) — 23500
50.60
OI: 88.99L
ATM / Spot
23400
23383
OTM Put (PE) — 23300
35.55
OI: 68.02L
86.15
Strangle Premium
0.76
PCR (OI)
23586
Upper Breakeven
23214
Lower Breakeven

Profit zone (short strangle): ▼ 23214 — stay between — ▲ 23586

OTM CE Strike (23500)
ATM (23400)
OTM PE Strike (23300)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
56.92L +0.00 36.95 23550 166.85 +0.00 9.60L
88.99L +0.00 50.60 23500
OTM CE 		130.30 +0.00 42.52L
32.49L +0.00 69.60 23450 99.95 +0.00 17.68L
50.94L +0.00 93.50 23400
ATM 		74.20 +0.00 75.05L
12.34L +0.00 121.35 23350 52.35 +0.00 40.66L
8.36L +0.00 154.95 23300
OTM PE 		35.55 +0.00 68.02L
2.29L +0.00 192.90 23250 23.35 +0.00 46.49L

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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