Strangle Indicators — SENSEX

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: 100 pts)

Updated: Oct 01, 2026 05:30 PM

OTM Call (CE) — 72200
0.05
OI: 43.97L
ATM / Spot
71900
71910
OTM Put (PE) — 71600
0.05
OI: 21.02L
0.10
Strangle Premium
0.48
PCR (OI)
72200
Upper Breakeven
71600
Lower Breakeven

Profit zone (short strangle): ▼ 71600 — stay between — ▲ 72200

OTM CE Strike (72200)
ATM (71900)
OTM PE Strike (71600)
CE OI CE Change CE LTP Strike PE LTP PE Change PE OI
33.67L +0.00 0.05 72300 389.40 +0.00 3.05L
43.97L +0.00 0.05 72200
OTM CE 		289.70 +0.00 3.04L
41.58L +0.00 0.05 72100 189.90 +0.00 3.69L
81.01L +0.00 0.05 72000 90.15 +0.00 19.08L
29.63L +0.00 9.65 71900
ATM 		0.05 +0.00 63.92L
12.12L +0.00 109.50 71800 0.05 +0.00 34.41L
11.44L +0.00 209.65 71700 0.05 +0.00 24.75L
9.30L +0.00 309.40 71600
OTM PE 		0.05 +0.00 21.02L
4.68L +0.00 410.15 71500 0.05 +0.00 30.51L

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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