# Daily Straddle Heatmap - 2nd January, 2025
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---2nd-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 heatmaps today. Let’s understand what we can learn from them.

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

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784ff7b2f3f5412bfda0d03ad4nxehpaimzwyce65zisk87ojr4zqozo3wibsgmpkf1ka0uiobz8bayq4k4kzpgnk4ymdmxszaiijpda9edpiea5mbh8wkm3uxroys5cvvvubslbch2w0xtwgcynv79yeyrnkwzrxuyg-1749217655866-compressed.png)

**Insights:**

- **Performance:** Moderate overall with a total profit of ₹29,687.
- **Best slots:** 09:45 (₹4,631), 10:15 (₹3,471), and 12:45 (₹5,387).
- **Worst slots:** 11:15 (-₹2,765) and 11:45 (-₹2,758), showing consistent losses mid-morning.
- **SL Levels:** Lower SL (10) introduces significant losses in some slots (e.g., -₹2,833 at 09:16).

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

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784ff7b478942b1f4cc48eead4nxdff372exksm-btpm85xpxly5cbujazq91hh3ltrfo4fzqlpan93qqugn5v0akgkclxj6oc3pfg7knqewbzajj10zv3krvcducdstufj4llq5ho3c1dj5ikaktmtllz0kdo1erqq-1749217656600-compressed.png)

**Insights:**

- **Performance:** Poor overall with a total loss of ₹-19,936.
- **Best slots:** 12:45 (₹1,764) and 13:15 (₹1,496).
- **Worst slots:** 09:16 (-₹15,799) and 10:15 (-₹2,791), showing heavy losses early in the session.
- **SL Levels:** Higher SL levels (50–100) marginally reduce the extent of losses but do not turn them into profits.

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

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784ff7b4cf9446e503706c3ad4nxcx3npee7dexvtzogb7dfk91uayhyhycok5hgtmixnkzwo85ryl8mcfjvxkq-5krplyvg8wpbtsj1lliti-it4mwc-ylovpueoxhh0fp5e2lkextfguloztms7jydh8by2izvmw-1749217657269-compressed.png)

**Insights:**

- **Performance:** Very poor overall with a total loss of ₹-63,445.
- **Best slots:** 09:45 (₹2,925) and 10:15 (₹2,560), but these gains are overshadowed by losses in later slots.
- **Worst slots:** 12:45 (-₹10,565) and 13:15 (-₹9,075), showing significant losses during the afternoon.
- **SL Levels:** Losses are consistent across all SL levels after the morning session.

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

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784ff7b4e1c5a2d544269a5ad4nxdscein-of5atdiflucwnwi6uzixkzlnsmoqsnqpb5lnz7ytmtolq5im6d80e9ozyalu7cz7p-09vvsoqas84swxqynf6-fwypoivxytslc2rxisvkxo9uempra98bybpz0i5lg-1749217658071-compressed.png)

**Insights:**

- **Performance:** Strong overall with a total profit of ₹2,23,624.
- **Best slots:** 10:15 (₹34,193), 10:45 (₹33,825), and 12:45 (₹30,135).
- **Worst slots:** 11:15 (-₹439) and 13:45 (₹210), though these are minor relative to the overall gains **.**
- **SL Levels:** Profits remain consistent across all SL levels, indicating robust performance regardless of stop-loss configurations.

###### **‍** 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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