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.
The cannabis industry has a data problem.
Because cannabis has so many uses — medical, recreational, industrial — there are a lot of channels to keep track of. But every industry has their own way of doing things, and none of the data was uniform.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
New Frontier Data sought to change that. The four-year-old company has tried to make itself the global leader in cannabis market data.
Meeting A Data Need
"This is one of the fastest emerging markets in the world. Our mission is to provide objective information to those looking to take a stake in the cannabis industry," Giadha Aguirre de Carcer, CEO of New Frontier Data, said Friday at the Benzinga Cannabis Capital Conference in Toronto.
"We'd like to see an elevation of the discussion of the cannabis industry so there's less opinion and a more factual mature discussion around the industry."
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
The conference brings together investors, companies and other leaders in the global cannabis industry.
In 2015, Aguirre de Carcer said she realized the cannabis industry had a data drought. The CEO said her company uses big data methods to make information as digestible as possible. With marijuana legalized or decriminalized in 25 countries around the world and more than 3 billion potential consumers, there's a large opportunity at hand.
"That data is complex, and the nuance is complicated," she said. "We find it best to keep it simple, stupid."
Disclosure: New Frontier Data is a Benzinga data partner.
Related Links:
Tilray 'Next In Line' In Surging Cannabis Sector, Left Sets $45 Price Target
As Millennials Pivot From Booze To Buds, The Beer Industry Strikes Cannabis Partnerships
Photo: New Frontier Data CEO Giadha Aguirre de Carcer speaks at the Benzinga Fintech Awards in May.
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.