Nancy Pelosi's Husband Made Some Big Tech Purchases In May And June: Here Are The Details 7/7/21, 6:27 AM July 7, 2021 09:27 AM ET (BZ Newswire) -- Politics House Speaker Nancy Pelosi, one of the most well-known members of the United States political picture, and her husband made several purchases of big technology stocks in the months of May and June. One purchase caught the eye of retail traders as it came ahead of some big news that could impact the price of the stock. What Happened: Nancy's husband Paul runs a venture capital firm, which makes their case a little unique as he may buy and sell stocks based on his own catalysts. New trades unveiled by Congresstrading.com show it may have been Paul who made the purchases, signaled by the letters SP for spouse. Here are the recently disclosed purchases: • • May 21: purchased 20 calls (June 17) of Amazon.com Inc (NASDAQ:AMZN) at a strike price of $3,000, valued at $500,000 to $1 million. • • May 21: purchased 50 calls (June 17) of Apple Inc (NASDAQ:AAPL) at a strike price of $100, valued at $100,000 to $250,000. • • June 3: purchased 50 calls (June 17) of NVIDIA Corp (NASDAQ:NVDA) at a strike price of $400, valued at $1 million to $5 million. • • June 18: exercised 40 calls at $1,200 of Alphabet Inc. (NASDAQ:GOOG)(NASDAQ:GOOGL) valued between $1 million and $5 million. • The purchase of Amazon calls could be of particular note since it came ahead of the Pentagon canceling a cloud contract for Microsoft Corporation (NASDAQ:MSFT). It's believed Microsoft and Amazon may now each get a piece of the cloud contract worth over $10 billion. Some are questioning whether Pelosi knew this was going to happen prior to the purchase of Amazon calls. “This presents a crystal clear conflict – like many of the other trades she and her husband have engaged in,” the founder of Congresstrading.com told Benzinga earlier this year. The founder of the site, who wished to remain anonymous due to the sensitive nature of the website, said members of Congress should not be allowed to buy and sell stocks/options. Related Link: Congressman Barry Moore Buys Dogecoin, Other Cryptos: Here Are The Details Why It’s Important: Pelosi and her husband have been active with buying and selling stocks and options. As the Speaker of the House, Pelosi is one of the most well-known members of Congress. Pelosi has also served as a representative for California since 1987, which could give her favorable relations with members of sub-committees and decision makers. Earlier this year, the Pelosis purchased $10 million in stocks and options of Microsoft prior to the company being awarded a $22 billion deal from the Pentagon. The Pelosis also bought calls of Tesla Inc (NASDAQ:TSLA) earlier this year, a position which could benefit with Congress passing new electric vehicle bills. A conflict of interest could be seen with Pelosi passing bills that could benefit stocks her family owns. Former U.S. Senator David Perdue was criticized for making many stock trades during his six years in Congress. Perdue made 2,596 trades during his time in Congress including some while he was a member of several sub-committees. Photo: Minority Leader Nancy Pelosi speaking with attendees at a Trump Tax Town Hall hosted by Tax March at Events on Jackson in Phoenix, Arizona. Gage Skidmore / Wikimedia. Copyright © 2021 Benzinga (BZ Newswire, http://www.benzinga.com/licensing). Benzinga does not provide investmentadvice. All rights reserved. Write to editorial@benzinga.com with any questions about this content. Subscribe to Benzinga Pro (http://pro.benzinga. ◦
The Lizard Queen of insider trading strikes again...of course it's her subservient, beta husband doing the dirty deeds but the same outcome.
A quick glance at a chart shows that AAPL and Amazon have skyrocketed since then. If you're an options trader, you should be able to look at your broker/software and find out for yourself. It's good to be king...or married to one.
You're an options trader. You have the following information. Figure it out. And yes, the chart is a good yardstick. If the stock goes way up, a leveraged instrument will go up more. May 21: purchased 20 calls (June 17) of Amazon.com Inc (NASDAQ:AMZN) at a strike price of $3,000, valued at $500,000 to $1 million.
Pelosi's husband makes another great trade(s). What'd he finally trade her baggy ass in on a newer hotter model? My girl's been driven hard over a lots of speed bumps for Lots of years. Nicks and dings everywhere. Seats are all potted out. Let's go have boat drinks, Nance. You got away with it. good on ya https://www.elitetrader.com/et/thre...es-another-great-trade-s.359988/#post-5417167
The Congressmen/women and their spouses can buy stocks/options. They just shouldn't be allowed to buy them before the passing of any laws or decisions impacting the very stock/options that they already own or try to purchase. There should be a blackout period imposed upon all the lawmakers and their spouses for all securities of the companies that they are making decisions or passing laws on until the news is disseminated to the public so they get to trade on the news like the rest of us and not before.
I like this "Former U.S. Senator David Perdue was criticized for making many stock trades during his six years in Congress.". Conveniently forgot to mention that Perdue was actually criticized for buying stock in a mask maker the same day he received a closed briefing on how bad COVID was going to be and before the rest of the country realized it. Pelosi and her husband shouldn't be trading stocks, stupid of her to open herself up to criticism for it. But there's a world of difference between buying an electric vehicle company on hopes that you can pass legislation months later that might help it, and buying the maker of masks the same day you benefit from a closed briefing where you learn that there's a massive pandemic here that's going to upend our entire way of life and kill tens of thousands.