UPDATE: Jefferies Lowers PT to $29 on General Motors - General Motors (NYSE:GM)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Jefferies cuts its target price $1 to $29 on Hold-rated General Motors (NYSE: GM) as the progress being made is incremental.Jefferies says, "GM hosted a dinner on Thursday night for sell-side analysts. As expected, Europe plus cash strategy dominated the discussion. GM is clearly taking actions to address both the threats and opportunities before the business. However, we got the sense that progress in the near term is likely to remain incremental. We reiterate our Hold rating, as the stock seems to lack a near term catalyst."GM closed at $26.05 a share on Thursday.

27% profit every 20 days?

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