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Nancy Pelosi purchases $5m worth of NVIDIA call options

AuthorSam Boughedda
Published 12/22/2023, 02:48 PM
Updated 12/22/2023, 02:50 PM
© Reuters. Nancy Pelosi purchases $5m worth of NVIDIA (NVDA) call options

Nancy Pelosi, the 52nd Speaker of the U.S. House of Representatives, bought $5 million worth of NVIDIA (NVDA) call options.

Many investors keep a close eye on Pelosi's trading due to her previous trading successes. In addition, her husband, Paul Pelosi, is a venture capitalist who also has a history with Nvidia (NASDAQ:NVDA) shares.

Back in July, Reuters said Paul Pelosi dumped his Nvidia stock before the House considered legislation regarding subsidies and tax credits to boost the U.S. semiconductor industry.

With Nvidia shares up over 227% this year, Nancy Pelosi is back in on the stock, buying 50 call options with a strike price of $120. The expiration date for the call options is December 20, 2024.

Nvidia shares are down 0.6% on Friday.

Latest comments

the SF queen of Liars is back at it
long time ago with this story
I bet, he is hedging his short position.
Sombody got bad math ea contract is 76,000$ tm 50 is 3.8 mil
Trump’s Judge, uses Demo Math in establishing value.
What? 50 calls @ $464.05. Something’s not right with this story.
Strike price is different from stock price. Read in an option price information
All Federal elected officials should be required to put their assets in blind assets. This is insanity. Wake up and smell the coffee.
Nancy did not make these trades. this story is a false-flag bs article.
Today NVDA 120 calls for December 20 2024 are $376.75 per contract. Multiply that by 50 calls and that is only 1.8M dollars. They’re not worth $5m me Reuters.
that is because this "news" article is bs.
It’s BS just as the Tesla news, is Reuters worth listening to anymore?
Why doesn't either a 'volume' or 'open interest' of 50 appear here, of the info about the option?
If 120 strike, likely buying to sell volatility
Why would you buy deep ITM calls? Deep in the money options allow the investor to profit the same or nearly the same from a stock's movement as the holders (or short sellers) of the actual stock, despite costing less to purchase than the underlying asset.
Just because she went to the toilet does not means she is going to shit.  Man are shitty but woman are  sneaky.
Is Nvidia going to get a piece of Old Joe's billions of chip $$??
Deep state money. No thanks. Will never own NVDA.
the volume on those calls was 29 today
Don't confuse us with the facts.
Nice to have insider government information before it's happening
Not true: She bot 5m worth notional value of calls if they are expecised. She absolutely did not spend 5m on option premium unless she is buying deep ITM options
They are deep ITM, but that isnt lremium anyways so your comment makes no sense
unless? don't understand.
The $120 strike is definitely very deep in the money.
Paul pelosi didn't dump shares, he sold them for a hefty profit, nvda was less than 150 Jan 2023 and was $400 in July when he sold and they are now around 480, inside info help him to make out like a bandit
what is the insider information?.  As far as I know it was AI that propelled Nvda.  How did congress knew Chatgpt was coming up with AI?  You mean CIA or FBI secretly fund Chatgpt and keep Pelosi in the loop?
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