Octopus Overlords

House Speaker Nancy Pelosi recently disclosed securities transactions made in December by her husband Paul Pelosi, a businessman and private investor.
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Paul Pelosi bought 100 call options for Apple stock. A call option allows an investor to purchase shares at a predetermined price and for a set amount of time. Typically, one options contract covers 100 shares. The strike price—the purchase price per share—on the options he bought is $100, and the options expire on Jan. 21, 2022. He paid a total of between $250,001 and $500,000 for the Apple call options. Specific values aren’t required for disclosure, only ranges.

Paul Pelosi bought 25 call options for shares of electric-vehicle giant Tesla with a strike price of $500 and an expiration date of March 18, 2022. He paid a total of between $500,001 and $1 million for the Tesla stock options.

He bought 100 call options for Disney stock with a strike price of $100 and an expiration date of Jan. 21, 2022. He paid between $500,001 and $1 million for the Disney stock options.

Paul Pelosi paid $500,001 to $1 million for 20,000 shares of global investment firm AllianceBernstein. The day that he bought AllianceBernstein stock it traded between a low of $33.14and a high of $33.66, before closing at $33.37.

The husband of House Speaker Nancy Pelosi just bought as much $5 million worth of stock in software and computer-chip company Nvidia, publicly available financial disclosures show.

According to the disclosures, Paul Pelosi purchased between $1 million and $5 million worth of Nvidia stock NVDA, +5.53% on June 17.

The stock purchase comes as the Senate is expected to meet this week to discuss a bipartisan bill to boost semiconductor manufacturing in the country. The bill aims to provide grants, tax credits and other incentives for companies to manufacture semiconductors in the United States.

It’s worth noting that Nvidia designs their owns chips, but hires other companies to manufacture them and likely would not directly receive benefits from subsidies related to this congressional bill.

In 2021, Nancy Pelosi, a California Democrat, publicly opposed banning members of Congress and their families from trading individual securities. “We are a free-market economy,” Pelosi said. “They should be able to participate in that.”

Smoove_B wrote: ↑Tue Jul 19, 2022 6:36 pm Totally fine that this is happening:

The husband of House Speaker Nancy Pelosi just bought as much $5 million worth of stock in software and computer-chip company Nvidia, publicly available financial disclosures show.

According to the disclosures, Paul Pelosi purchased between $1 million and $5 million worth of Nvidia stock NVDA, +5.53% on June 17.

The stock purchase comes as the Senate is expected to meet this week to discuss a bipartisan bill to boost semiconductor manufacturing in the country. The bill aims to provide grants, tax credits and other incentives for companies to manufacture semiconductors in the United States.

It’s worth noting that Nvidia designs their owns chips, but hires other companies to manufacture them and likely would not directly receive benefits from subsidies related to this congressional bill.

A reminder:

In 2021, Nancy Pelosi, a California Democrat, publicly opposed banning members of Congress and their families from trading individual securities. “We are a free-market economy,” Pelosi said. “They should be able to participate in that.”

/pours one out for Drazzil

NVDA, +5.53%

Senator Warren wrote: I have the toughest bill in Congress—and the only bipartisan bill in the Senate—to ban Members of Congress and their spouses from buying, selling, and owning individual stocks.

Amazing. Rep. Craig found out her kid was day trading thanks to Congressional family stock disclosure laws.

Can confirm. And he lost money on both trades.