27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
General Motors Co (NYSE:GM) reportedly plans to postpone the production of electric pickup trucks at its Orion, Michigan, facility by a year.
This decision aims to synchronize with the shifting landscape of electric vehicle (EV) demand, reported Reuters.
The original timeline for the plant had set production for the electric Chevrolet Silverado and GMC Sierra to commence in late 2024.
However, the company has revised its plan, now targeting a launch in late 2025.
Also Read: US Proposes Hefty Safety Violation Fine On GM Joint Venture Plant: Report
According to the automaker, this adjustment is a strategic move to optimize capital investment and align their production schedule with the evolving demand for electric vehicles, as per the report.
Price Action: GM shares are trading higher by 0.91% at $30.33 on the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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