Paul Pelosi Makes Millions in Another Bet on Nvidia Stock
The Pelosis love their Nvidia stocks!
The Pelosis have raked in millions through stocks since Nancy became a member of Congress.
We all know. They haven’t stopped.
They have no shame, and it disgusts me, especially when they use the same company multiple times.
The California Democrat’s husband, Paul, who owns a San Francisco investment and consulting firm, scooped up between $1 million and $5 million worth of call options in computer chip company Nvidia on Nov. 22. Pelosi, however, held off on reporting the transaction until right before Christmas.
On Nov 22nd, Nancy Pelosi and her husband bought Nvidia, $NVDA call options, a leveraged bet Nvidia would go up.
Since then, her Nvidia calls are up 85%. Her calls have made her $1.8 million, over EIGHT times her salary in 93 days.
I want to give you the history of Pelosi’s… pic.twitter.com/XIVUdaQ0HL
— unusual_whales (@unusual_whales) February 23, 2024
This is getting ridiculous.
Nancy Pelosi's $NVDA calls have made her $1,700,00 in 92 days, more than eight times her annual salary of ~$223,500.
With NVDA’s all time high, her $NVDA ITM calls are now up 82%.
An American making $60k/year requires ~30 years to make that amount. pic.twitter.com/PeCwbZyf9o
— unusual_whales (@unusual_whales) February 22, 2024
Good morning to everyone, but especially those following the Unusual Whales' portfolio feature: https://t.co/BBF3buT9sr
— unusual_whales (@unusual_whales) February 22, 2024
Nancy Pelosi and her husband have purchased $2 million of Nvidia, $NVDA, call options.
You read that right.
The Pelosis purchased leveraged bets over a company they legislate, after divesting from $NVDA in 2022.
Merry Christmas! pic.twitter.com/Nf4XSB0guQ
— unusual_whales (@unusual_whales) December 24, 2023
One of the first connections to Nvidia surfaced in 2022 when Paul snatched up a few dollars at a convenient time:
Nvidia is not new to the Pelosis. In 2022, Paul grabbed more than $1 million in Nvidia call options — which give investors the right to buy shares of a company at a specific price — just weeks before a congressional vote on providing massive subsidies to the chip manufacturing industry. He sold them after she received criticism over their timing.
At the time, Pelosi said that her husband had never made stock purchases based on information she had given him when pressed by Fox News Digital. Her office also distanced her from Paul’s financial decisions.
It is also not a shock that legislation introduced in either chamber to prevent insider trading gets absolutely nowhere.
Georgia Democrat Sen. Jon Osoff had a bill banning Congress members and their families from trading individual stocks. It would stick while the person is in office.
Missouri Republican Sen. Josh Hawley’s PELOSI Act would have done the same thing.
Members of both parties are guilty of making these “unusually timed trades” that would land us ordinary people in jail for a long time.
🚨BREAKING🚨
I have just released the full report on politicians trading in 2023.
Like every year since 2020, US politicians beat the market.
And many in Congress made unusually timed trades resulting in huge gains.
Here are the top performers of 2023. pic.twitter.com/ykf9VICsBw
— unusual_whales (@unusual_whales) January 2, 2024
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Comments
You’d need to see losses too. A volatile trading portfolio has huge gains offset by huge losses, just from being volatile.
For us “normal “ people only
As much as I loathe San Fran Nan and think banning members of Congress and their families from trading stocks while the person is in Congress I’m not seeing anything she could have told Paul that would have helped his decision to buy Nvidia. The Congressional vote timing is public knowledge as were the expected blockbuster earnings Nvidia reported. That he decided to go all in on the calls is gutsy since Nvidia could have come in making the numbers but not beating them like they did and he would have been even or lost money depending on his call price. Heck, I bought Nvidia stock a few years ago and have made good money on it. I don’t gamble on puts and calls but follow the Buffett “buy and hold”
There is a reason that legislators have created a loophole to insider trading. The way it works is that they are bribed with advance notice of rather a stock value will increase or decrease. This appears to be similar in some respects to how Soros operates.
I think you missed the point. THEY are the source of the advance notice. They know they are about to subsidize a company, or issue a big contract to a company, or persecute a company, before the market knows, and they put money beforehand on the obvious market response.
I’m so old, I remember when some candidates got crap because the blind trust they put their assets into wasn’t blind enough. Good times.
All true but it doesn’t seem to be the case with Nvidia. We do know that Nancy is a legendary investor whose returns in the market beat nearly every hedge fund and Warren Buffett. Strange she is not doing it for a living.
But how does she do with cattle futures?
“Pelosi said that her husband had never made stock purchases based on information she had given him when pressed by Fox News Digital.”
Same way Biden never talked about business with Hunter. Trust them.
I sincerely hope that they have asbestos money belts because of where they’re headed