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