According to the latest disclosure documents submitted by Speaker of the U.S. House of Representatives Pelosi, her husband Paul Pelosi has launched a series of operations in the capital market, losing nearly one million US dollars.
(Source: US Congress)
According to the disclosure documents, Paul 's latest four transactions occurred on September 16, all of which processed options purchased last year. Among them, Paul sold 50 Nvidia call options and 100 Micron Technology call options, resulting in losses of US$360,000 and US$390,000. In addition, there are 50 Disney options with exercise price of of $130. Since there is no exercise after expiration, the cost of purchasing these options is $130,000 in total.
Paul's only buying operation is to exercise 200 shares (20,000 shares) at a price of US$100 per share Google-C-class call options.
Since the expiration dates of these four options are September 16, Paul's operation also demonstrates his conservative sentiment towards the semiconductor industry. Based on the loss data, the trading price of Nvidia and Micron options at that time corresponds to (per share) $99.15 and $41.09. So even though Nvidia's stock price at that time ($130) was slightly higher than the exercise price , Paul still chose to "not bet on rebounding."
Previously, on July 26, Paul also sold 25,000 shares of Nvidia stock for $165, losing $340,000. After the transaction of , the Chip Act passed the voting of the Senate and House of Representatives in just three days, which triggered a new round of public doubts.
(NVIDIA daily chart, source: TradingView)
In contrast, Google , even though the stock price on September 16 was only hovering between $101-104, Paul still chose to exercise his rights. Considering that Google's stock price was still above $140 when Paul bought the option on December 17 last year, the transaction is still in a state of deep losses to this day.
(Google daily chart, source: TradingView)
According to the law passed by the U.S. Congress in 2012, it is illegal for members of Congress to use their positions to obtain information and make profits for individuals. The law also requires members of parliament and their families to disclose to the public within 45 days after the stock transaction is conducted. All background information related to the "Capital Hill Stock Exchange Group" also comes from this.
According to statistics from financial data company Unusual Whales, members of Congress traded a total of $290 million worth of stocks last year. According to information disclosure data, the average investment return of lawmakers can exceed S&P 500 index , and the Pelosi family's stock trading yield ranks sixth in the national conference, ranking first among the Democratic Party. Pelosi has also emphasized many times that stock trading is his husband's business, and she herself does not participate or knows it.
Because several members of Congress were exposed to use their positions to trade stocks, there is currently a proposal to restrict members of Congress and senior staff from trading stocks in the legislative process of Congress. Currently, the Democratic Party’s top leaders have not allowed the bill to enter the voting process.
This article is from Cailianshe
