Nancy Pelosi’s husband just snapped up $2.6 million of Apple and Microsoft stock, closing out an options bet that the shares would soar
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Nancy Pelosi’s husband exercised nearly $2.6 million in Apple and Microsoft stock options this month.
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Paul Pelosi purchased 5,000 shares of Apple and Microsoft stock on June 15, by exercising 50 call options.
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Nancy Pelosi has said time and time again that her husband’s investments have nothing to do with her political knowledge.
Nancy Pelosi’s husband exercised nearly $2.6 million in Apple and Microsoft stock options this month, according to a Regulatory disclosure Thursday.
Transactions on the deposit, marked “SP” for the pair, indicate that Paul Pelosi purchased 5,000 shares of both Apple and Microsoft stock on June 15, by exercising 50 call options purchased on May 24, 2022, with an expiration date listed as 16. June .
The strike price of Apple’s options was $80, and the strike price of Microsoft’s options was $180. And those shares closed on Friday at $186.68 and $335.02, respectively, with a total of $933,000 and $1.7 million.
Since the options were purchased last May, Apple shares are up 33%, and Microsoft shares are up 29%. The upside from the strike price is higher, at 131% and 83%, respectively.
Most notably for the first time Quiver Quantification And Unusual whalesThe disclosure comes after Congress failed to make progress on new legislation around stock trading by lawmakers and their relatives.
Earlier this year, Insider and several other news organizations were located 78 of the members of Congress who did not properly report their financial trading As set forth in the Congressional Stop Trading on Knowledge Act of 2012, also known as stock law.
Congress passed the law a decade ago to combat insider trading and conflicts of interest. But many lawmakers have not fully complied with the reporting requirements, which has led to calls for a complete ban on individual stock trading among members of Congress.
Legislation on such bans advanced last year, but the bill eventually died.
Meanwhile, Paul Pelosi faced a backlash Stock trading operations that appear to comply with legislation in the technology sector.
For example, in July 2021, he made a $4.8 million gain trading Alphabet stock the week before the House Judiciary Committee introduced bipartisan antitrust bills targeting Google, Apple, and Amazon.
However, Nancy Pelosi has repeatedly said that her financier husband’s deals had nothing to do with her political knowledge.
OpenSecrets Pelosi’s estimated net worth is $114.6 million.
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