Interesting! About the 10th Oct 25500 straddle when Nifty Spot @ 25300... I'd assume that if a higher than ATM straddle is going up and spot isn't going down then that'd be - mildly directional - sideways no?

and about the 25Nov 26000 straddle - it did open gap down of 30pts and went down 20 pts since breaking morning open .. isn't that significant for a 45DTE straddle?
Do tell me, I haven't ever tracked 45DTE straddles.

Amazing. Thanks for sharing your study. Will definitely explore this. Sadly, can't test it via scanners because theres no condition "fast below slow MAs" in Guppy MAs.

Can this be used for Nifty Options as well?

Really useful these insights of yours Santanu

In Point 2, you've said ...for 24,600 Straddle - someone betting on failure of this bounce

Just wanted to clarify...

You mean because 24600 (lower) straddle is rising and 24800(atm) and 25000(upper) straddles both are falling?

For index to move up higher with strength, 24800(atm) and 25000(uppe) straddle both should be rising right?