# Daily Straddle Heatmap - 26th December, 2024
Author: AlgoTest
Author URL: https://algotest.in/blog/author/algotest/
Published: 2025-01-13
Category: Heatmaps
Category URL: https://algotest.in/blog/category/heatmaps/
URL: https://algotest.in/blog/daily-straddle-heatmap---26th-december-2024/

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 heatmaps today. Let’s understand what we can learn from them.

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

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784fab384df74ae13e980abad4nxcqmjethukaps1est8ndlr6nyrj-z1ruqadvrnl-5tlr1mjhtw6eolft8ouqtzu3wnzz8olcpdevk8v1yxwms9tmfqloqxzxckun-9h6u3ghqsb17mdahjtxbaef3d8jqc6nzeg-1749217669362-compressed.png)

- **Insights**:
  - **Worst SL Levels**: SL 30 (-8006), SL 40 (-7509), and SL 50 (-4846) contributed the most to losses.
  - Total P&L across all timeframes and SL levels: **-31,230**.
  - **Best Timeframe**:
    - 09:45 shows some profitability (total: **+1629**) across SL 10, 20, and 30.
  - **Worst Timeframe**:
    - 09:16 and 11:15 show the highest losses with totals of **-13,550** and **-4404**, respectively.

### **2\. Midcpnifty Short Straddle:**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784fab3830acbf25114144dad4nxdzd-kxdm1zn5lvvslikypuj7sxigl4olni9pdzdmccdxbwoqcvigfecuickzr5r4lvgifc8uezeeldopq5l4okwlqlj6pabbdbx-fp0hdadltdctls09tb-kmxiosw0k6pq9-1749217670138-compressed.png)

- **Insights**:
  - **Worst SL Levels**: SL 40 (-8893), SL 50 (-7413), and SL 60 (-7273) caused significant losses.
  - Total P&L across all timeframes and SL levels: **-77,310**.
  - **Best Timeframe**:
    - 11:15 shows some profitability ( **+795**, SL 10) and reduced losses across several SL levels.
  - **Worst Timeframe**:
    - 09:16 showed the most significant loss ( **-19,135**).

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

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784fab3ff042191be891ae0ad4nxcd5uf-tpkkxziymig1984a2l88ty5oaxlvkslepsaiumooh2qtxxeflhov3vjrnj3fhziteauxgf9pfxaixu57zf5lxpvglrctrtbohsiwhwcculpia6aghsicvcnpnq3fdw-1749217670865-compressed.png)

- **Insights**:
  - **Best SL Levels**: SL 40 and SL 60 provided some profitability during specific timeframes (e.g., 09:45 and 11:15).
  - Total P&L across all timeframes and SL levels: **-5125**.
  - **Worst Timeframe**:
    - 10:45 incurred the most significant loss ( **-5300**), especially for SL levels 50, 60, and above.
  - **Best Timeframe**:
    - 09:45 and 14:15 show consistent gains ( **+7363** and **+3163**, respectively).

### **4\. Banknifty Short Straddle**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784fab382522e41026b762bad4nxcge3c1sp8sh1iuvgt9oqmw1rp4nypyy05cn3dtezyixhpdzvsbkxpv9tghyqhylhw73lqn8xlm3lqx6eqf7h6jguqjt7cgipnv9hiyuvggdtyjktrruqlud1e29o7y-r8n-1749217671595-compressed.png)

- **Insights**:
  - **Best Time Slot**: **9:16**, highest profit ( **7,358**), particularly strong at SL 10-40.
  - **Worst Time Slot**: Post- **12:15**, consistently poor, with **12:45** being the worst ( **-2,786**).
  - **Morning (9:16-10:15)**: Most profitable
  - **Afternoon**: Avoid trades post-12:15 due to consistent losses.
  - **Total Profit**: **16,023**.

###### 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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