House Speaker Nancy Pelosi (D-CA) and husband Paul Pelosi bought millions of dollars worth of call options for stocks just days after she defended members of Congress being able to buy stocks.
Just a couple of days after making the remarks, starting on December 17th and going through the 21st, Pelosi and her husband bought millions of dollars worth of call options for stocks including Google, Salesforce, Roblox and Disney.
The New York Post reported:
The Pelosi family’s trades this month include Google and Salesforce call options worth between $500,000 and $1 million each, as well as Roblox call options valued at between $100,000 and $250,000. The duo also bought up between $250,000 and $500,000 in calls for chipmaker Micron Technology and between $100,000 and $250,000 of Disney call options.
Paul Pelosi runs Financial Leasing Services, a real estate and venture capital investment and consulting firm. In recent years he’s made big-money bets on companies his wife is supposed to regulate, including Amazon, Apple and Google. December’s calls — which are set to expire in late 2022 and early 2023 — show that the Pelosis believe tech stocks are going to continue their current bull run in the new year, according to Thomas Hayes of Great Hill Capital.
Pelosi has faced a fair amount of backlash for defending members of Congress being allowed to buy stock, including from the political left. – READ MORE