Strangle price chart by strike
The Strangle Price chart tracks the combined premium of a selected call and put at different strikes. It helps examine how the two-leg value changes with spot, implied volatility and time to expiry.
Confirm both strikes, expiry and whether the position is bought or sold before interpreting the chart. A long strangle risks its premium and needs enough movement or volatility repricing to offset cost and decay; an uncovered short strangle can incur substantial losses. Combined last traded prices may differ from executable quotes.
What is a strangle in options?
An options position combining an out-of-the-money call and an out-of-the-money put on the same underlying and expiry. It profits from a large move in either direction while costing less than an at-the-money straddle; the trade-off is that the move must be bigger to overcome the combined premium.
How is strangle price calculated?
Strangle price is the sum of the OTM call premium and the OTM put premium at the chosen strikes. This chart computes it live per strike from the current chain, across live and historical sessions, so relative cheapness across strikes and dates can be compared directly.
What is the difference between a strangle and a straddle?
A straddle buys the ATM call and ATM put — maximum gamma exposure, higher cost, profits from smaller moves. A strangle buys OTM legs — cheaper, but needing a larger move. Strangles suit expectations of a big directional move; straddles suit expectations of volatility without directional conviction.
Related JustTicks tools: Straddle Price, Multi-Strangle Price, Implied Volatility Analysis
Strangle price
Track combined call and put premium alongside spot and VWAP.
Read the chart
Start with the selected strikes and session.
Choose call and put strikes
A strangle combines a call and put at different strikes. Turn Auto strike off to choose each leg manually, then check the combined premium and the selected expiry.
Read premium with spot
Compare the combined premium with VWAP and the underlying price. Open the underlying chart below for more price context. Premium alone does not account for execution costs or trade P&L.
Review another session
Turn Live off to choose a date, or enable Backtest for historical analysis. Replay, speed and interval controls are available above the chart when Live is off.