# Daily Straddle Heatmap - 20th December, 2024
Author: AlgoTest
Author URL: https://algotest.in/blog/author/algotest/
Published: 2024-12-20
Category: Heatmaps
Category URL: https://algotest.in/blog/category/heatmaps/
URL: https://algotest.in/blog/daily-straddle-heatmap---20th-december-2024/

Daily Straddle Heatmap

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\. BankNifty Short Straddle Heatmap**

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![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/676567e46db732fe72fe5e59ad4nxf4h8eyrdi4wfgnipucqbenv8up076nf2zawazl6geioekjkrvmcza7pbigrnuimmntf5h1tfnef-9aweadu6bdqdzkyuo08c3lkhgwomwf4qribhnbbugxp1sfgbwncw5ifpw-1749217676156-compressed.png)

- **Highest Profits**:some text
  - SL levels of **70-100** consistently showed **positive returns** across time intervals, especially at **09:16** and **10:15**, with totals of **2235** and **3754**.
- **Worst Losses**:some text
  - SL levels of **10-50** around the **10:45** and **11:15** time slots, with significant losses like **-6000** and **-4316**, respectively.
- **Insights**:some text
  - Wider SL levels ( **70-100**) were more effective and consistently profitable.
  - Early morning entries (e.g., 09:16) seem less volatile compared to mid-day.
- **Total P/L**: **-10,762** (cumulative loss across SL levels).

### **2\. MidcapNifty Short Straddle Heatmap**

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![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/676567e4fbb8d37ac68afc9fad4nxde90hvlqgcq2gcafmb-cnnqeuwd8femd27jbp6kcr1ic7sjnfnadidnindn6oh1rcnr8cknoub4zp888mkv0sn3znhhkksuljtetjki2vqgdsffphqlwdmou8qclpba0wdpiya-1749217676889-compressed.png)

- **Highest Profits**:some text
  - Positive results were sparse but observed early in the day at **SL 10-40** during the **09:16** time interval (e.g., **2533, 1740, and 995**).
- **Worst Losses**:some text
  - Significant losses across almost all SL levels after **09:45**, with **-14,873** at **09:45** and **-10,953** at **11:15**.
  - SL levels **50-100** were consistently negative for the entire day.
- **Insights**:some text
  - This strategy performed poorly for MidcapNifty, especially in tighter SL levels, which might indicate higher volatility.
  - Early gains at open were not sustained throughout the day.
- **Total P/L**: **-76,128** (significant cumulative loss).

### **3\. Nifty Short Straddle Heatmap**

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![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/676567e42dca83d58ff8d7b2ad4nxczg4c9stjqfodrr4frr3js8wdrzjlzzvlh7vakyaq17vojirnqllcm6sdonh5uapxiucoxnawnefiqod8wfyo6lxm3kxkievbamwnwmagmqdbj5hoezjrojxmvzt7n5vnfb8-1749217677727-compressed.png)

- **Highest Profits**:some text
  - Consistent positive returns across **all SL levels**, especially **70-100**.
  - The **09:16** and **11:15** intervals were the most profitable, contributing significantly with totals of **37,528** and **8,305**, respectively.
- **Worst Losses**:some text
  - Minimal losses observed, limited to early trades with tight SL levels (e.g., **10-20** around 10:45).
- **Insights**:some text
  - This strategy worked very well for Nifty, with broader SL levels being consistently profitable.
  - The strategy has excellent potential when focused on higher SL levels and earlier time intervals.
- **Total P/L**: **83,893** (strong cumulative profit).

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

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/676567e41e5b67418a9794aead4nxctyzj-bw7wxfntnyp0sbc5ah4j0jwhmwmpfma8w8njlpj6yjeg4cuijvltc8tcfebeftvcmhswqntrpm-jlzmhgmfoa5gucavywtftiym0p5bp97qgnjzw0egqy6wzxaqt8jzq-1749217678477-compressed.png)

#### **Highest Profits:**

Positive results were minimal but observed early in the day at **SL 30-100 during the 09:16 and 09:45 intervals**.

- For **09:16**, SL 30-100 yielded consistent profits of **+310** across all levels.
- For **09:45**, SL 30-100 delivered **+263** each.

#### **Worst Losses:**

Significant losses occurred across most SL levels after **09:45**, with particularly heavy losses in tight SL levels:

- **10:45**: -1,150 at SL 20 and -493 at SL 30-100.
- **11:15**: -1,194 at SL 20 and -400 at SL 30-100.
- SL **10-20** performed the worst throughout the day, as frequent stop-loss hits due to volatility drove substantial losses.

#### **Insights:**

- **Profits were short-lived**, with gains seen only in the early morning (09:16 and 09:45).
- Tighter SL levels ( **10-20**) performed poorly across all intervals, highlighting the impact of Finnifty’s volatility.
- Wider SL levels ( **30-100**) avoided extreme losses but still underperformed significantly after 10:45.
- Overall, this strategy was **ineffective for Finnifty**, with **no profitable time intervals after 09:45**.

#### **Total P/L:**

**-22,050** (significant cumulative loss)

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

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