Strangle Table — Compare Strangle Widths Live, Side by Side

On this page

What the board is
Four ways to build a table
Prev close or day open
A worked example
Limits and common mistakes
Where to find it
Common questions

What the board is

The page is a stack of independent strangle tables, each one a set of call/put pairs, all ticking live.

Every table tracks three series per pair — the call, the put and their sum — with the same VWAP, EMA10, EMA20 and SuperTrend tags and new-high/new-low flashes as the Straddle Table. Each table has its own interval and its own Table, Chart or Grid view, and a global interval and view can be applied to all of them in one click.

The reason to run several is comparison: which width is decaying fastest relative to its premium, and which side of ATM is doing the decaying.

A NIFTY Strangle Table ladder around the 22,700 middle strike: ATM plus OTM 1–4 pairs with call, put and combined strangle columns.

Four ways to build a table

Action	What it creates
+ Add Strangle	A ladder around a Middle Strike you pick. Offsets ±N is the number of pairs, counting outward from the middle: 1 is just the middle straddle, 2 adds the first OTM strangle, N gives N pairs.
+ Free CE / PE	One pair with the call strike and put strike chosen independently, for a skewed strangle.
Auto-gen ± levels	2N+1 ladder tables, each centred one strike step apart around ATM. The step is detected from the chain's strike spacing. A tick box skips each table's middle straddle row so only OTM strangles show.
Auto-gen ATM ± distances	One single-pair table per distance you list, such as 6, 8, 10: the call N strikes above ATM and the put N strikes below.

Both generators ask whether to Insert alongside your existing tables or Replace them. Clear all tables removes every table on the page.

Prev close or day open

A board-wide toggle sets the baseline every change is measured and coloured against — yesterday's close or today's open. Use the open when you want to see what today has done to each strangle; use the previous close when overnight gaps are part of the story. Each pane also carries a running day-high tag for its series.

A worked example

Hypothetical. NIFTY at 24,000, 50-point strikes. You add a ladder on middle strike 24,000 with Offsets ±3. It shows three rows:

24,000 CE + 24,000 PE — the straddle, ₹240 now, ₹270 at the open (−11%).
24,050 CE + 23,950 PE — ₹205 now, ₹232 at the open (−12%).
24,100 CE + 23,900 PE — ₹172 now, ₹198 at the open (−13%).

Then Auto-gen ATM ± distances with 6, 8, 10 adds three single pairs: 24,300/23,700, 24,400/23,600 and 24,500/23,500. If the 10-strike pair has fallen 35% and the straddle 11%, the far wings are losing value much faster in percentage terms — and the CE vs PE columns tell you whether that is both sides or only the side spot is moving away from. The board shows what happened; it does not say which width to sell.

Limits and common mistakes

Offsets counts pairs, not points or a wing width. ±3 on a 50-point chain reaches 100 points each side, not 150.
ATM ± distances are in strikes, so the same number means different points on NIFTY and SENSEX.
A far wing falling fast in percentage terms is still a small rupee amount. Compare premium in rupees as well as percent, and check margin before treating any width as cheap — see SPAN margin explained.

Where to find it

In Options Analytics, choose symbol and expiry.
Open Straddle › Strangle Table.
Use + Add / Manage to add a ladder, a free pair or one of the auto-generated sets.
Set the global interval and view, or adjust each table separately.

To chart one chosen pair in detail, open Strangle Charts.

Common questions

What does Offsets mean in the Strangle Table?

It is the number of call/put pairs counted outward from the middle strike. 1 shows only the middle straddle; 2 adds the first OTM strangle; N shows N pairs.

Can I compare fixed wing widths like 6, 8 and 10 strikes?

Yes. Auto-gen ATM ± distances creates one table per distance, each tracking the call N strikes above ATM and the put N strikes below.

Does auto-generate delete my existing tables?

Only if you choose Replace. Insert adds the new tables alongside the existing ones.

Can I track an uneven strangle?

Yes. + Free CE / PE lets you pick the call strike and put strike independently.

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