# Daily Straddle Heatmap - 6th 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---6th-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.

### **BankNifty Short Straddle:**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/678502e063749aff098aceccad4nxegojmxudghqhlamrdzgdgdze-tijzddcixsqwri3zza1-eom50pb0zp10hwyoshf6xleemdngnxlvrfeqiutdiiorcxaa0nuzcgxdu5wm6gm2dutrgnmqjgwhq9xm6ldiqshw-1749217648944-compressed.png)

- **Best Time Slot:** The 09:16 time slot performed the best with a **total profit of 11,619**, primarily at SL levels 10, 20, and 30.
- **Worst Time Slot:** The 11:15 and 12:15 slots show significant losses, with total losses exceeding **-7,000**.
- **SL Impact:** Lower SL levels (10, 20) seem more effective in reducing losses, while higher SL levels (70-100) yield consistently larger losses.

### **FinNifty Short Straddle:**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/678502e1cf55fa9c0194b5b2ad4nxeuucufretxuxz4ohngdcl2luvwi30bkbtmavp66zfwrrajmufszwjoyjsqrtbi21fohwez4mwe3dz2qbdtqmazptfqm9fk97ostsjxpt4drlwy9sg2-5alhikixarbkprg5qa-1749217649694-compressed.png)

- **Best Time Slot:** The 09:45 and 10:15 time slots performed well, with **total profits of 1,824 and 385**, respectively.
- **Worst Time Slot:** The 11:15 and 12:15 slots show the most significant losses, with totals exceeding **-6,000**.
- **SL Impact:** SL levels of 10-20 tend to limit losses effectively, while levels above 50 result in deepening losses.

### **MidCapNifty Short Straddle:**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/678502e00dcd4d1287f56ad1ad4nxf6a9bf3tjt6rpgdua6141fn6eepyin2llp8jkkmdmferkhastyj6spashuc9jx3r9rxpxewzbce5fhlameufqwgpv28yu-q5a8fhdt8mqqw2lsz6bbupyo-ayo0tmlljviaz1ag-1749217650442-compressed.png)

- **Consistent Losses:** This instrument underperformed across almost all time slots and SL levels, with cumulative losses reaching **-190,675**.
- **SL Levels:** Losses increase drastically at SL levels above 30, showing a poor risk-reward ratio for this instrument.
- **Time Slots:** The 10:15 slot was less negative compared to other times but still yielded a loss of **-7,420**.

### **Nifty Short Straddle:**

![](https://prod.superblogcdn.com/site_cuid_cmbhlz3q0002sxzc513a62pj5/images/678502e059e28ccac80fa6edad4nxdks5w6lydqoli33wysrgtn2fst9rt6gf0h7bgvcbxbpf5dzimdohsx3a6yvxjjlhry6e1nfuohhyyfrqzvupddu7tursy2jkpjxvcyypa4n8ob0urwbcirnndsltave5hnw-1749217651182-compressed.png)

- **Mixed Performance:** some text
  - The 09:16 time slot showed moderate losses ( **-5,798**) but performed better than other slots.
  - The 10:15 slot stands out as the only profitable entry time ( **+2,591**).
- **SL Levels:** Lower SL levels (10, 20) are effective in reducing the overall losses, while higher levels exacerbate the drawdown. **‍**
- **Worst Time Slots:** The 11:15 and 12:45 slots exhibit significant losses (-30,518 and -22,939, respectively).

###### **‍** 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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