📖 Your Q2 Earnings Guide: Discover the Stocks ProPicks AI Highlights to Jump Post-EarningsRead more

Nancy Pelosi has made 20 times her salary in just one trade

Published 06/06/2024, 06:54 AM
© Reuters
GOOGL
-
NVDA
-
CRWD
-

Former House Speaker Nancy Pelosi is holding a substantially profitable position in Nvidia (NASDAQ:NVDA) stock, according to analysts tracking the trades of Congress members and their families.

Unusual Whales, a financial services platform that focuses on congressional insider trading, among other things, said on Wednesday that Pelosi has nearly $4 million in gains from the Nvidia call options her husband, Paul Pelosi, purchased in November. These call options allow investors to buy shares at a predetermined price.

“She is up +210% in 197 days & still not sold her calls. Pelosi has made twenty times her salary,” Unusual Whales wrote on X. “Her portfolio is near all-time highs, up 93%.”

Christopher Josephs, co-founder of Autopilot—an app that tracks and mirrors politicians' trades—told FOX Business that while it's challenging to pinpoint the exact amount of Pelosi's initial investment due to the broad range of $1 million to $5 million in the filing, Unusual Whales' figures seem accurate.

"This year, the Pelosi Portfolio not only has a winner in Nvidia, but her other stocks have also performed well, including CrowdStrike Holdings Inc (NASDAQ:CRWD), which is up 45% year-to-date and Google (NASDAQ:GOOGL), which is up 27% year-to-date," Josephs told FOX.

"We estimate that her year-to-date performance based on her stock filings is 28%, which outperforms the SPY by 16.5%."

When asked for comment, a spokesperson for Rep. Pelosi stated, "Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions." FOX Business also contacted Paul Pelosi to seek a comment.

The statement from Pelosi's office is nearly identical to one provided by the former speaker's communications director to FOX News Digital in 2022, when one of her husband's Nvidia trades faced intense scrutiny.

That year, Paul Pelosi acquired over $1 million in Nvidia call options just weeks before a congressional vote on providing substantial subsidies to the chip manufacturing industry. He sold them after she faced criticism over the timing of the trades.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.