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 06:15 PM

OTM Call (CE) — 22500
104.05
OI: 68.88L
ATM / Spot
22400
22422
OTM Put (PE) — 22300
68.30
OI: 82.07L
172.35
Strangle Premium
1.19
PCR (OI)
22672
Upper Breakeven
22128
Lower Breakeven

Profit zone (short strangle): ▼ 22128 — stay between — ▲ 22672

OTM CE Strike (22500)
ATM (22400)
OTM PE Strike (22300)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
43.59L +0.00 82.95 22550 181.90 +0.00 10.74L
68.88L +0.00 104.05 22500
OTM CE 		151.60 +0.00 49.94L
23.00L +0.00 128.55 22450 126.00 +0.00 21.11L
35.64L +0.00 156.95 22400
ATM 		103.60 +0.00 42.77L
10.81L +0.00 188.50 22350 84.80 +0.00 23.64L
31.94L +0.00 220.80 22300
OTM PE 		68.30 +0.00 82.07L
4.67L +0.00 259.20 22250 55.85 +0.00 19.37L

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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