# Daily Straddle Heatmap - 30th 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---30th-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.

### **Banknifty Short Straddle:**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784fc47091f42bbddb4fbc9ad4nxft1knxk6pixwvd2t8fzd4ni1nutsks57u7jcnm-np4c1xb-bjsbwmxpbov7raxhvm48cv5t2rsdipzkpjrupywed3ivdyl8ez6sytfwuxbsx4mvkmgeqxcjmjkon3i8berjx-1749217665913-compressed.png)

- **Total P&L**: -95,106
- **Insights**:
  1. The performance across SL levels is negative, with most losses concentrated between SL 10 to SL 60.
  2. The only positive interval was around **11:45**, where small profits were seen across higher SL levels (60–100), resulting in a small overall gain of **418**.
  3. The strategy underperformed in the early hours (09:16 to 11:15), with significant losses ranging from -19,000 to -23,000.

**Finnifty Short Straddle:**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784fc47478942b1f4c8f22bad4nxdhws0mbesp6aauwacuvurypq1s9qk95flxj4aeno9ylwolfo8n99ijn2g5tj3o-vt6wnzfujoqekcmt5ttpxaaf4booctcqldsw0selqve6d21pvtbqg1-5nqw6laradf8how-1749217666620-compressed.png)

- **Total P&L**: -86,551
- **Insights**:
  1. Losses were primarily concentrated during the morning session (09:16 to 11:15), where each interval lost over **24,000**.
  2. Positive performance was observed between **11:45 to 13:15**, with a combined profit of **27,000+**, primarily due to gains in SL ranges from 30 to 90.
  3. However, the gains couldn't offset the larger losses from earlier intervals.

**Midcpnifty Short Straddle:**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784fc47cbbb1f7bbe7097a7ad4nxemqf0hjnwbb1udhzs8emhzxkkyk1x4912svvtboc-vplrere47gbsxoscqhpukjibwb65wavhxcd34daiwgrfnomnu9wlthnhphvg5u-azijgpp1-evr4mo4t-hqfez2ewwbrqg-1749217667368-compressed.png)

- **Total P&L**: -210,050
- **Insights**:
  1. The strategy performed poorly across all SL levels and time intervals, with no sustained positive trend.
  2. Only the **14:45** interval showed a minor recovery, yielding **4,600**, but it was insufficient to offset the significant earlier losses.
  3. Heaviest losses were seen during **13:15 (-30,263)**, with almost all SL levels showing high negative P&L.

### **‍**

### **Nifty Short Straddle:**

### **‍**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784fc47195fea50797bbc55ad4nxevv5otullcf7n4sfz81utfuk4ctd0azstlbqyatjj0vsccrjkxzj7frmriio9iabsyvanrujlnhlea9pp9vvft6825pei4fpovq2igeotp6jxmh03u5g6zawmcdrv8mumqmxc-1749217668146-compressed.png)

- **Total P&L:** -253,425
- **Insights:**
  - **Morning sessions (9:16 to 11:15)** recorded the heaviest cumulative losses, particularly at higher SL levels. The 10:15 slot saw a P&L of -74,171, marking a significant drawdown.
  - Positive recovery was observed **post 12:15**, with intervals like 12:15 and 12:45 showing cumulative gains of **17,295 and** **7,530**, respectively.
  - **13:15 onwards** displayed mixed performance, peaking at **16,054** for 13:15 but then tapering off. Gains during this time window were inconsistent and couldn't reverse the overall losses. **‍**
  - The 11:45 time interval broke the negative trend with a marginal gain of 9,983, likely driven by a shift in market dynamics.

**‍** 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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