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 11:57 PM

OTM Call (CE) — 23550
36.95
OI: 56.92L
ATM / Spot
23400
23383
OTM Put (PE) — 23250
23.35
OI: 46.49L
60.30
Strangle Premium
0.82
PCR (OI)
23610
Upper Breakeven
23190
Lower Breakeven

Profit zone (short strangle): ▼ 23190 — stay between — ▲ 23610

OTM CE Strike (23550)
ATM (23400)
OTM PE Strike (23250)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
98.03L +0.00 27.00 23600 207.45 +0.00 19.44L
56.92L +0.00 36.95 23550
OTM CE 		166.85 +0.00 9.60L
88.99L +0.00 50.60 23500 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 35.55 +0.00 68.02L
2.29L +0.00 192.90 23250
OTM PE 		23.35 +0.00 46.49L
2.95L +0.00 234.05 23200 15.20 +0.00 92.07L

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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