# Daily Straddle Heatmap - 19th December, 2024
Author: AlgoTest
Author URL: https://algotest.in/blog/author/algotest/
Published: 2024-12-19
Category: Heatmaps
Category URL: https://algotest.in/blog/category/heatmaps/
URL: https://algotest.in/blog/daily-straddle-heatmap---19th-december-2024/

AlgoTest heatmaps make it easier for you to understand a clear picture of your trading performance. These heatmaps 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 three heatmaps today. Let’s understand what we can learn from them.

### **1\. Finnifty Short Straddle Heatmap**

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![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/67641ebed1eb974bf7adb6f6ad4nxeslnwsng5jam4my-iute2gwgvak234zsbebyjxenoyiniitfjpa0ort36-inmhrhelvemxonmyfatxbygppa6kuk3uoily4gn9smhnrjwplk7py-hhbxieof8krxykbxqxkgkw-1749217679619-compressed.png)

- **Time-Based Insights**:
  - **09:45** shows the highest profitability with a total of **₹9204**, highlighting it as a strong trading window.
  - **11:15** and **11:45** exhibit consistent yet lower returns (₹1569 and ₹1670, respectively), suggesting moderate opportunities.
  - **13:15 onwards** sees a steep decline into negative returns, indicating high risk during this period.
- **Stop-Loss Impact**:some text
  - Lower SL levels (e.g., 10 or 20) tend to show higher losses during underperforming timeframes, while higher SLs (50-80) stabilize the returns.

### **2\. Nifty Short Straddle Heatmap (Daily Analysis)**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/67641ebe2c412610f824f631ad4nxeegxe0bf5y-xxlbhq2wftq-sjpjhwr5ti8l1f-efbwno8t8sjyxfr2vxinqxwizcbxt3gw6hwiv8vtoej8bkhkvebq8yepquk5sliitsgrnxipuoet2rfe25lo0bb43pwhzm-a-1749217680295-compressed.png)

- **Date-Based Performance**:
  - **06 Dec** outperformed significantly with a total of **₹14,295**, while **13 Dec** marked a catastrophic day, incurring losses of **₹-31,123**.
  - Consistent performance can be observed on **11 Dec** (₹8360) and **12 Dec** (₹5916).
  - Negative days such as **13 Dec** and **10 Dec** emphasize the volatility in specific market conditions.
- **Stop-Loss Observations**:
  - SL values between 50 and 70 provide a balance, minimizing extreme losses while securing modest returns.
  - Extreme SLs (10, 20) lead to higher losses, as seen on **13 Dec**, suggesting these settings are less optimal.

### **3\. Nifty Short Straddle Heatmap (Time-Based)**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/67641ebed1eb974bf7adb6f6ad4nxeslnwsng5jam4my-iute2gwgvak234zsbebyjxenoyiniitfjpa0ort36-inmhrhelvemxonmyfatxbygppa6kuk3uoily4gn9smhnrjwplk7py-hhbxieof8krxykbxqxkgkw-1749217679619-compressed.png)

- **Time-Slot Observations**:
  - **09:45** remains the most profitable time slot with a total of **₹5200**, consistent across both assets.
  - The period between **12:15 and 13:45** sees reduced activity and profitability, with sporadic gains like ₹4733 at 13:15.
  - Post-lunch sessions (14:15 onward) exhibit stable but moderate performance.
- **SL-Level Effects**:
  - Higher SL levels (70, 80) generate consistent profits, especially during optimal time windows like **10:15** and **09:45**.
  - Lower SLs (10-20) face higher losses, amplifying the need for careful SL selection.

### **4\. Banknifty Short Straddle Heatmap (Time-Based)**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/67641ebed1eb974bf7adb6f2ad4nxcqnivodrudifhzvg4in5d5vpbzphvscoqf3qfpzsslxquz3kt9ldhp6xw4wyychr1wliqsnxn79e3ypcn-agydxtmdqn7r0l-ogjtufcknza2h4n90cwpt3nq5vobkrwbv1o3snw-1749217681663-compressed.png)

## **Date-Based Insights:**

- **10 Dec 24** shows the highest profitability with a total of **₹8450**, marking it as the most successful trading day.
- **06 Dec 24** and **18 Dec 24** also performed well, generating **₹6484** and **₹7954**, respectively.
- **13 Dec 24** is the worst-performing day with a significant loss of **₹-26,797**, indicating high risk on this date.

## **SL-Level Effects**:

- Lower SLs (10-20) consistently show higher volatility and losses across dates.
- Mid-range SLs (50-70) offer more stable and profitable returns on most days.
- High SLs (80-100) demonstrate minimal variation, indicating reduced risk but capped profits.

You can also check heatmaps for MidCapNifty, Nifty, BankNifty, and FinNifty across different dimensions to better understand market trends.

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