How to trade in Nestle India ahead of its Q1 results?

SummaryOpen interest data of Nestle India’s 30 May expiry shows significant call and put at the 2500 strike. The combined premium of both the call and put comes at ₹140. This means, the traders are expecting a movement of ±5.6% ahead of the 30 May expiry.The FMCG major Nestle India will announce its first-quarter results of CY24 on 25 April and the results will be announced during the market hours.
Nestle India follows the January to December financial year and the street is expecting…
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Source: https://upstox.com/news/market-news/trading/fando-strategy-how-to-trade-in-nestle-india-ahead-of-its-q1-results/article-82334/