# Daily Straddle Heatmap - 16th January, 2025
Author: AlgoTest
Author URL: https://algotest.in/blog/author/algotest/
Published: 2025-01-17
Category: Heatmaps
Category URL: https://algotest.in/blog/category/heatmaps/
URL: https://algotest.in/blog/daily-straddle-heatmap---16th-january-2025/

Daily Straddle Heatmap

[AlgoTest](https://algotest.in) heatmaps make it easier for you to understand a clear picture of your trading performance. These [heatmaps](https://algotest.in/heatmap) visually represent data like time, performance metrics, and win rates. Think of them as a map highlighting where your strategies work best and where they stumble. For example, a heatmap might reveal that trades during certain hours of the day consistently yield higher profits.

We are taking four eatmaps today. Let’s understand what we can learn from them.

### **BankNifty Short Straddle**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/678a3cd482383ba3277f02eaad4nxd86d6tjaexdyjjr5jlehbsmlwxleiu-jobtnxpmop4we1dwidbn9grnmmshi-1vrgj-xu9geh7d7wvanz4hetq8gvbhnnqytg4att-tqgubne30t60vd7do7c8xyoaygsuzmkbtq-1749217513919-compressed.png)

**Insights:**

- Total profit of **₹11,313**.
- The strategy struggles early in the day (09:16 to 10:45), with significant losses, particularly at 09:16 (-₹6,242).
- A notable recovery occurs from 11:15 onwards, with consistent profits peaking at 13:15 (+₹7,505).
- Stop Loss (SL) between 50 and 100 performs better consistently compared to lower SL values.

### **FinNifty Short Straddle**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/678a3cd48ee06e6e6da45407ad4nxdy3oacae5gqza2qid5czlo3wkh83a4fbi2pskuetubunxbd9x3emiwy1kn83qoum2m2lqnic4los5l4ej2vxoylatlbhkyl7sd17elfczsuo0kpue8lcbxv63t7gabg6c7sph-1749217514591-compressed.png)

**Insights**:

- Loss of **₹6,060**.
- The early hours (09:16 to 10:15) show significant losses, particularly at 09:16 (-₹6,400).
- Recovery starts at 11:15 with marginal but positive returns.
- Stop Loss of 60 shows consistent minimal losses, while lower SLs amplify losses.

### **MidCapNifty Short Straddle**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/678a3cd4bbabf538db1b6653ad4nxcdtasswgnzz6zvmwbg2icbvjlquzdxo7ma6xoqbw0hdemuh9ofgtqaqafeumbozbadfklyqhfre4kgec4echlzyoln9r9motinlcgdpnk-erdnd1lk5mncbymv-eujvn4fp0sva-1749217515316-compressed.png)

**Insights**:

- Loss of **₹17,753**.
- Consistent losses across all time intervals, with no significant recovery phase.
- Early sessions (09:16 to 11:15) show the steepest drawdowns, especially at 09:16 (-₹5,923).
- Stop Loss between 50 and 70 shows less severe losses but still fails to break even.

### **Nifty Short Straddle**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/678a3cd49b7553faf560b02dad4nxejzgktrvs8edfpypiraqhirqrsxls7sdn-ydvtj8h5bhz4o5anl4dhueqmt0auwwwyotrmdxkd6wiyx-uely6huhorhsbsooswl15mqbzsuyxksxvn0va-4h3bhzoosx7ptxw-1749217516060-compressed.png)

**Insights**:

- Profit of **₹116,276**.
- Strong performance throughout the day, with consistent gains across all SL levels.
- Maximum gains were observed at 11:15 (+₹25,706), with excellent results across all SLs.
- SL 60 and 70 consistently outperform, providing significant returns across multiple time slots.

###### **‍** You can also check [heatmaps](https://algotest.in/heatmap) for MidCapNifty, Nifty, BankNifty, and FinNifty across different dimensions to better understand market trends.


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