Amassing a 9 figure fortune doesn’t have to be difficult, if you’re married to the Speaker of the House of Representatives.
Paul Pelosi, husband of Speaker Nancy Pelosi, appears to be one of the best known stock traders as everything he touches seems to turn to gold. In a year where hedge funds have averaged around an 11% profit through Jan-Nov. 2021, Pelosi has managed to absolutely destroy that number. Though the exact numbers are difficult to ascertain (thanks to wide monetary ranges in Congressional reporting requirements), it’s easy to see Pelosi seems to almost always pick winners.
In filings since the start of 2021, Nancy Pelosi has reported her husband has made several significant investments in both stocks and call options. Companies such as Microsoft (Microsoft Teams), NVIDIA (GPUs/chips), Apple (consumer electronics), Amazon (home delivery of everything/cloud services), Alphabet (Google), and Roblox (gaming from home) most of which, while resilient on their own merits during normal times, saw huge jumps in value during the continuing pandemic.
Perhaps more telling than Pelosi investing in these companies is the fact that he is purchasing a mixture of stock and call options. Stocks are straightforward entities which you’ll own indefinitely until you sell them (or the company goes under/gets bought out). Call options are essentially bets you place that a stock price will be above a certain amount on a specific date. Many of Pelosi’s transactions are for call options expiring more than a year from the time of purchase.
On first glance, It appears there’s only one loser in the entire package of trades, a call option for NVIDIA set at a strike price of $400 set to expire on June 17, 2022, purchased on June 3, 2021. On the day it was purchased, NVIDIA stock sat at about $676. As of today, NVIDIA sits at about $280. Looks bad on the surface, but NVIDIA underwent a 4 to 1 stock split on July 19, 2021, which was finalized during the shareholders meeting…..on June 3, 2021. The 50 (5000 shares) options purchased at a $400 strike price turned into 200 (20000 shares) options sitting at a $100 strike price. Each individual option is now worth about $17,500. On an adjusted basis, Pelosi likely paid around $7500 per option.
Strange how Pelosi is now resisting calls from those within her own party to forbid members of Congress and their families from stock market trading. The last declaration Pelosi made was on August 20, 2021 for trades from July 23, 2021, about two weeks after hard questions started being asked by news networks. Was the heat getting to them? It will be interesting to see the future declarations, but it wouldn’t be surprising if they start happening few and far between.
Outright theft!
The peasants don’t deserve the insider information that I (peeloser) am entitled too! All hail the Botox queen!
She needs to be investigated. Nobody can flip a quarter without having a tails now and then. Her inside information made her family dirty rich.
He isn’t a stock picking genius. He and his wife are both criminals, like most of the self proclaimed Washington elites.
God has a special place for those two, in hell, unless they repent, change their ways and receive Jesus as their Lord and Savior!
Does anyone actually believe that Paul Pelosi is a genius stock trader? How about this? He bought electric car stock, just before Biden’s looser BBB made it clear that ALL CARS MUST BE ELECTRIC and made in a Union Shop. That’s dictiorial and because of Joe Manchin it will NOT be a big win for Pelosi’s strawman of a husband. How much money is enough? The ice cream blunder she made during the worst of the pandemic and the hair styling against the rules, show just what a nasty narcissist she is,with NO UNDERSTANDING of the people she thinks she RULES.
No Nancy, you aren’t bullit proof, you made the mistake of thinking you will win always and get your way. You’ll find out what happens to over confident elitists in Novermer 22.