{"id":217387,"date":"2026-08-24T16:05:08","date_gmt":"2026-08-24T10:35:08","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=217387"},"modified":"2026-08-24T16:05:10","modified_gmt":"2026-08-24T10:35:10","slug":"long-strangle-nifty-midcap-select","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/long-strangle-nifty-midcap-select\/","title":{"rendered":"Long Strangle Nifty Midcap Select: Setup, Payoff and Risk Guide"},"content":{"rendered":"
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Nifty Midcap Select level used in this article: Rs 13,850 (as of illustrative reference level; verify current level on NSE). Next monthly (last Tuesday of the month) expiry: 25 August 2026 (Tuesday). Lot size 120. Weekly options on Nifty Midcap Select were discontinued in November 2024 under SEBI’s one weekly index per exchange rule; only monthly contracts remain.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The long strangle Nifty Midcap Select involves buying an out of the money call and an out of the money put on the same monthly expiry, creating a trade that may profit from a large move in Nifty Midcap Select in either direction. With Nifty Midcap Select at Rs 13,850, the net debit paid at entry is the maximum loss, generally lower than a comparable long straddle because both options are out of the money rather than at the money. The long strangle Nifty Midcap Select may be considered before major events, though the index must move further than it would need to for a straddle before either option gains meaningful value.<\/p>\n<\/div>\n

The long strangle Nifty Midcap Select trades a lower entry cost for a wider breakeven range compared with a long straddle. Because both legs start out of the money, the combined premium is smaller, but the index needs to move beyond one of the two further apart breakeven points to generate a profit. Because Nifty Midcap Select only trades monthly contracts, the this strategy typically runs across a full month rather than a single week.<\/p>\n

This strategy is commonly used when a trader expects a significant move in Nifty Midcap Select but wants to reduce the upfront cost compared with an at the money straddle, accepting a larger required move in exchange.<\/p>\n

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