Posted on 01/26/2021 9:20:12 AM PST by SeekAndFind
House Speaker Nancy Pelosi's husband has placed up to $1 million worth of bullish bets on Tesla stock, the politician revealed in a financial disclosure form last week.
Paul Pelosi, who runs an investment firm, bought 25 call options on Tesla stock with a strike price of $500 and an expiration date of March 18, 2022. He spent between $500,001 and $1 million on them on December 22.
The call options give him the right to buy 2,500 Tesla shares at $500 each at any point before they expire in March 2022.
That may sound like a fantastic deal with shares in Elon Musk's electric-vehicle company changing hands at about $850 on Monday. However, Pelosi will have paid a premium for the options, so Tesla stock would have to climb before they become profitable to exercise.
Pelosi likely opted to buy long-term equity anticipation security, or LEAP, options, as they cost less up front than buying Tesla shares directly while granting exposure to a stock that skyrocketed by about 700% last year. The $500 strike price means the options are "in the money" and won't be worthless even if Tesla's stock price treads water or falls by a few hundred dollars by the time they expire.
The purchases are legal but have raised eyebrows. Nancy Pelosi now has a financial interest in Tesla's success, even as she's poised to play a key role in passing green initiatives that stand to help the automaker.
The veteran politician's spouse also spent up to $500,000 for 100 call options on Apple stock with a strike price of $100 and an expiration date of January 21, 2022. He plowed as much as $1 million into 100 call options on Disney stock with strike price of $100 and an expiration date of March 18, 2022.
(Excerpt) Read more at news.yahoo.com ...
Chicken scratch to them.............................
Just pass more laws to aid those “enterprises”.
Lockdowns and electric cars are profitable for the Politburo on the Animal Farm.
He has bought AMZN calls before. Made a fortune on them depending on when he sold.
I dont remember the details on it.
Apple and Tesla will benefit from rent seeking, so they are probably good bets depending on when he bought them. Disney World, however, is doomed. Between the Covid park closures and the woke movies, I don’t see them surviving much longer.
Also on the nearly dead list, any travel company and most tourist attractions. The economy is in for some bad times. Of course, the government will do what they always do, throw staggering amounts of liquidity into the market. The stock prices will go up, because the people receiving the money will not invest it in infrastructure, they will do what they did during the Obama years and buy stock.
Remind me. What is the definition of insanity?
Didn’t similar insider information send people to prison?
But hubby could say this is an overall anti-competitors trend he saw coming without any pillow talk from Nancy (if there is any). Such as don’t invest in Keystone construction companies or companies that construct the border wall. Or places that neglected to pay into the coffers of BLM. And don’t risk investing in an enemy of Google,Instagram,Facebook or Twitter——the little guys will die off shortly thanks to new regulations of the insiders’ competitors to benefit the biggest giants only.
Didn’t similar insider information send people to prison?
But hubby could say this is an overall anti-competitors trend he saw coming without any pillow talk from Nancy (if there is any). Such as don’t invest in Keystone construction companies or companies that construct the border wall. Or places that neglected to pay into the coffers of BLM. And don’t risk investing in an enemy of Google,Instagram,Facebook or Twitter——the little guys will die off shortly thanks to new regulations of the insiders’ competitors to benefit the biggest giants only.
Yep.................................
They’re not Socialists, they’re criminals.
Not to hijack the thread or anything but is Pelosi Nanzi's married name or maiden name?
Seems like most demonicRAT women politicians go by their maiden name for some reason.
Is their something about Nanzi's maiden name that she would rather not be associated with?
Asking for a friend.
Thankfully he knows that Attorney General Bill Ayers is a friend.
We’d better watch out for the house o’ pelosi ..... people like soros started out accumulating power with wealth and wealth with power.
They are getting pretty old aren’t they? As my wise old father (RIP now 38 years), they don’t have a U-Haul that follows you getting buried.
:)
Didn’t similar insider information send people to prison?
Not if he got the info from NanZi!
Doubled my money on APPL in less than a year.
When I saw ‘Pelosi’ and ‘bullish’ in the title, my brain defaulted to another word.
INSIDER INFO WRIT LARGE?????
Nancy never ever had a job in the private sector - went from college to politics - and she's worth 120-190 million.
Joe Biden Signs Executive Order to Make All Federal Vehicles Electric
Hmmmmm....
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