What Pelosi’s ‘bullish’ stock moves ahead of inauguration indicate, why Alphabet and Amazon?

Stock trades involving some of the world’s largest tech companies were disclosed by former House Speaker Nancy Pelosi.

While Congress continues to debate banning lawmakers and their family members from owning stock, the recent stock trades were revealed in a congressional form filed ahead of President Donald Trump’s return to the White House.

“Pelosi’s disclosure showed the purchase of 50 call options for Alphabet, the parent company of Google, along with 50 call options for Amazon, according to her latest periodic transaction report filed with the clerk of the House of Representatives,” Fox Business reported, noting that the options were valued between $250,001 and $500,000.

On December 31, according to the disclosure, 10,000 shares of Nvidia and 31,600 shares of Apple were sold and the California Democrat’s husband bought more in January.

Paul Pelosi bought “50 more Nvidia call options on Jan. 14 that had a strike price of $80 in a trade that was in the range between $250,000 and $500,000,” according to Fox Business. “He also exercised 500 call options for Nvidia on Dec. 20 that had a strike price of $12 and were due to expire that day.”

Several other investments in December were also revealed including 140 call options for 14,000 shares of Palo Alto Networks, with a strike price of $100. These were reportedly set to expire Dec. 20. That trade was reported as being between $1 million and $5 million.

“Pelosi also disclosed the purchase of 50 call options of Tempus AI with a $20 strike price, as well as 50 call options of Vistra Corp. with a $50 strike price, on Jan. 14. The Vistra purchase was in the $500,000 to $1 million range, while Tempus was between $50,000 and $100,000,” Fox Business noted.

“Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions,” Ian Krager, a spokesperson for Pelosi, told Fox Business.

Frieda Powers

Comment

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.

Latest Articles