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Pelosi Buys Tesla Calls, Stands To Benefit From New Biden EV Plan
NorthwestFresh
Member Posts: 7,972
It’s good to be Queen and know the President’s plans in advance.
The ability of members of U.S. Congress to buy and sell stocks has been controversial over the years. One of its most prominent members made some purchases in December that could benefit from the new Biden administration.
What Happened: It was revealed over the weekend that Speaker of the House and California Rep. Nancy Pelosi purchased 25 call options of Tesla Inc (NASDAQ: TSLA). The purchases could have been done by Pelosi or her husband Paul, who runs a venture capital firm.
The options were bought at a stake price of $500 and expiration of March 18, 2022. Pelosi paid between $500,000 and $1,000,000 for the options, according to the disclosure.
Pelosi also disclosed that she bought 20,000 shares of AllianceBernstein Holdings (NYSE: AB), 100 calls of Apple Inc (NASDAQ: AAPL) and 100 calls of Walt Disney Co (NYSE: DIS).
Tesla shares have risen from $640.34 at the time the calls were purchased to over $890 today. The call options were valued at $1.12 million as of Monday.
The ability of members of U.S. Congress to buy and sell stocks has been controversial over the years. One of its most prominent members made some purchases in December that could benefit from the new Biden administration.
What Happened: It was revealed over the weekend that Speaker of the House and California Rep. Nancy Pelosi purchased 25 call options of Tesla Inc (NASDAQ: TSLA). The purchases could have been done by Pelosi or her husband Paul, who runs a venture capital firm.
The options were bought at a stake price of $500 and expiration of March 18, 2022. Pelosi paid between $500,000 and $1,000,000 for the options, according to the disclosure.
Pelosi also disclosed that she bought 20,000 shares of AllianceBernstein Holdings (NYSE: AB), 100 calls of Apple Inc (NASDAQ: AAPL) and 100 calls of Walt Disney Co (NYSE: DIS).
Tesla shares have risen from $640.34 at the time the calls were purchased to over $890 today. The call options were valued at $1.12 million as of Monday.
Comments
Not a (D) though
Two Americas
There is a legal reason Trump paid that in taxes for that one year.
I suppose you’re dumb enough to pay more than you’re obligated to pay? Do you take deductions? Tax credits for restoring historical properties?
No, you’re just another low-info Leftist dipshit.
Yes or No.
You ruined my appetite!
The insider trading exemption is truly criminal. Any of us fucks could be subject to jail if we traded on material insider information. These cocksuckers (looking at you Kamalea with emphasis) take advantage of that exemption to make themselves sickeningly wealthy.
Fuck you, Pelosi. Fuck you with a rusty cheese grater.
Typical leftist party shill hypocrite. Did Dazzler help you write that post?