Insider info? US Representative Nancy Pelosi Buys $5M Worth of Nvidia Options
What does this mean? Stock is going up?
The last time the Pelosis owned Nvidia shares, concern over the timing came relative to the passage of the CHIPS Act. Pelosi publicly backed the legislation, which had the potential to directly benefit Nvidia. The calls were exercised before the vote for the CHIPS Act.
The disclosure that the Pelosis had sold and taken a loss also came at a questionable time.
The disclosure that the Pelosis had sold and taken a loss also came at a questionable time.
Fast-forward to 2023 and Nvidia shares have been on an absolute fire, gaining 243% year-to-date and hitting new all-time highs. Nvidia became one of the newest members of the $1-trillion market capitalization club, attracting increased attention thanks to the company's role in the growth of artificial intelligence.
The original sale price by the Pelosis based on the $165.05 per-share average was $4,126,250. Today, the 25,000 NVDA shares would be worth $12,320,000. This means Pelosi and her husband missed out on potential profits of $8,193,750.
Nvidia shares traded between $476.90 and $503.35 on Nov. 22 when the new call options were purchased.
The original sale price by the Pelosis based on the $165.05 per-share average was $4,126,250. Today, the 25,000 NVDA shares would be worth $12,320,000. This means Pelosi and her husband missed out on potential profits of $8,193,750.
Nvidia shares traded between $476.90 and $503.35 on Nov. 22 when the new call options were purchased.
Nancy Pelosi went from a net worth of $2m to over $200m as a politician. Now she is buying very speculative call options. Is it time to ban stock trading by members of congress?
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miracle mantarou : When do you exercise it and when do you sell it?
If you leave that aside, when spot trading the stock in question, it's a big risk if it's not a tailwind, right?
The current stock price is hard to get your hands on, so...
I think it's dangerous for a big guy to do a latecomer jank when they do such a big action.
I own it, but when I buy more, I think calmly before making a decision.