# Daily Straddle Heatmap - 3rd 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---3rd-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/6785009d2a0cb6c326bbbe31ad4nxemcjwazc5b8ft5l5o6cso8skn3pgoyqpeapsbtwyf98twfishrgml2wfcejywodsqjvymp604k-jjgkjudexgpeiirjqe9mgjkqezzb4xf2dysukgpe1qjljai5jadx6lu-1749217652342-compressed.png)

- **Highlights**:
  - The 9:16 and 9:45 time slots show consistent profitability across all SL levels.
  - Losses appear more frequently after 11:15, particularly between 12:15 to 13:45.
  - The total profit is **₹9937**, with SL levels between 10 and 20 showing the highest profits.
- **Observations**:
  - Early entries (before 10:15) yield the most reliable profits.

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

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6785009db4215336ed29525dad4nxefjyjwu0dhzm8safqjp9jq6fcb-dsjwpa4yskpbtgr6fosgwha4qyqxdtcxd0iaviei4zrfzqn5irdmwzxvbdkmkih5sl3jwgogostwgqewfckvq6wvhwak9wna-zf6sraada-1749217653106-compressed.png)

- **Highlights**:
  - Consistently profitable across most SL levels during the early hours (9:16 to 11:15).
  - Losses increase post 11:45, though they are smaller compared to Banknifty.
  - Total profit is **₹30986**, with the 10 SL level yielding the highest returns.
- **Observations**:
  - Trades entered after 13:15 show reduced profitability and higher variability.

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

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6785009dad879082728c8dedad4nxc8avjh-rulh8it-a3tzkw8bumtu6tjei4hckqdi5alexjk5qzxm91w9ol3uorhmzt3yq3ad291scyxinttrhnmtxjjc8juydjxdpnnptavw-lqxzznj64iwnlz189eurzma80fna-1749217653884-compressed.png)

- **Highlights**:
  - Profitability is limited to earlier time slots (9:16 to 10:15), while the rest of the day shows consistent losses.
  - The total profit is **₹73**, with significant losses for SL levels of 20 and above.
- **Observations**:
  - Midcpnifty exhibits significant drawdowns after 10:45, making it unsuitable for intraday short straddles.

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

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/6785009dd0c37a0ab474f205ad4nxf3iupjok3qvqxhp5zszo56ddog3etuv35wdqaelisb4id7hyhrzr-a0faiz7pxmkfzkewxpvmii2s2vrbevelgj5rvqu1eaxoucodz9fzzapjhmvj-zw95udja1iwxupnovpr6w-1749217654686-compressed.png)

- **Highlights**:
  - Highest profits observed during the early trades (9:16 and 9:45).
  - Performance drops significantly after 10:45, with heavy losses in the afternoon. **‍**
  - Total profit is ₹28043, with SL levels of 10 and 40 performing best.

###### **‍** 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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