# Daily Straddle Heatmap - 31st 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---31st-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\. Banknifty Short Straddle:**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784fcf9a59e27e6a52cf89aad4nxelntutewq8usqehdzarodeoxeggzobyzlbi2j-ge7kkycs7sdvfwnglcl6ugmebvnfmbsjpijlw16we6enl099ftul2h6ah4t4cbxwyb599-2ibg1w4lqy7ptiskg6yi5hovkf-1749217662596-compressed.png)

- **Observations:**
  - The strategy performs best at **10:45 (SL 40)**, yielding **2998** points.
  - The **worst time** is **11:15 (SL 10)**, with a loss of **-687** points.
  - The performance stabilizes across SL values above 40, as profits remain consistent across those levels.
  - **Total Profit**: **1356 points** (SL 20-100 consistent).
- **Insights**:
  - Using higher SL values (50 or more) seems optimal for consistent performance.

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

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784fcf982da5eaf42f8c99cad4nxf1xano-ba1fwvj1jar26g1df55ihdm13did7qz97myy7p8koxxtelixfdawvvvq72ny07bpsvem1qzi-4oousjlpvlwtdeccbm9c1lpqc2fgxzf0rsj88u0x1p8d0xdn23nwxtaa-1749217663367-compressed.png)

- **Observations**:
  - Best time: **09:45 (SL 30-100)**, yielding profits of **2934 points**.
  - The performance remains consistently **positive** until **12:15**, after which results decline.
  - Losses are observed during **13:15 to 14:45**, with the lowest result being **-344 points (SL 30)** at **13:15**.
  - **Total Profit**: **88288 points**.
- **Insights**:
  - Early entries (before noon) generate the most profits.

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

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784fcf92a0cb6c326b7aff1ad4nxfizsezezwl9zftpg7-lwwkjylmhc5qzsokfapomwmhmrycgi5qtzykppofqbwerqwryplizdck3bk78hlfsa0dxo4wr-jwrtor7ek8uz3a3ngshh0gzuptfqa0oxj1o0uyo6jw-1749217664122-compressed.png)

- **Observations**:
  - Consistently underperforms across most SL levels and time slots.
  - Best time: **10:15 (SL 10)** with a profit of **1978 points**.
  - Worst period: **14:15**, with small gains/losses showing poor opportunities overall.
  - **Total Loss**: **-128408 points**.

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

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6784fcfa099ff82d944802fead4nxcii-9aeqemwbtw0rn2e-xhpflgn62-hh8x1b3ba81syzvinbf7xl4niwxriijb2o6z6rjlgczokbrgkrhvk-qnu-lqhqesjwcr7diqn7yvu8-jl4wgn6mckohuidrxjoyuzia-1749217664832-compressed.png)

- **Observations**:
  - The total performance across all time slots and stop-loss (SL) levels is **-153,529 points**, indicating that the strategy performed poorly overall.
  - Best Time: **10:15 (SL 10)**: Profit of **3750 points**, the highest individual result.
  - Worst Time: **09:45 (SL 100)**: A large loss of **-6904 points**.
  - **Total Loss: -153,529 points.**

**‍** 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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