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: Aug 01, 2026 10:36 AM

OTM Call (CE) — 26850
100.00
OI: 0
ATM / Spot
26700
26691
OTM Put (PE) — 26550
2157.55
OI: 0
2257.55
Strangle Premium
0
PCR (OI)
29108
Upper Breakeven
24292
Lower Breakeven

Profit zone (short strangle): ▼ 24292 — stay between — ▲ 29108

OTM CE Strike (26850)
ATM (26700)
OTM PE Strike (26550)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
0 +0.00 100.00 26900 2507.45 +0.00 0
0 +0.00 100.00 26850
OTM CE 		2457.45 +0.00 0
0 +0.00 0.05 26800 2407.50 +0.00 0
0 +0.00 0.05 26750 2357.50 +0.00 0
0 +0.00 0.05 26700
ATM 		2307.50 +0.00 0
0 +0.00 0.05 26650 2257.55 +0.00 0
0 +0.00 0.05 26600 2207.55 +0.00 0
0 +0.00 0.05 26550
OTM PE 		2157.55 +0.00 0
1.8K +0.00 227.00 26500 2107.60 +0.00 0

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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