Nancy Pelosi Just Bought $1 Million Worth of Call Options
The details are listed in this financial disclosure form but are listed below.
- Pelosi bought 25 call options on Tesla stock with a strike price of $500 and an expiration date of March 18, 2022
- The contracts were purchased on December 22
- The cost of the contracts was between $500,001 and $1 million
Her husband, Paul Pelosi, runs an investment firm and likely approved the trades. These options allow Pelosi to buy 2,500 Tesla shares at $500 before they expire in March 2022. Even though Tesla shares are trading at around $864.00 on Monday, the price would have to increase more before Pelosi can make a profit due to a significant premium paid for the contracts.
As of right now, the purchases are legal. Pelosi has been a strong advocate for green initiatives that would help drive the success of the company. Pelosi also has call options on Apple and Disney stock.
Pelosi has a net worth of around $140 million, according to celebrity net worth.