Nancy Pelosi’s latest stock disclosures are raising eyebrows. Her husband, Paul Pelosi, has been busy buying and selling shares in some of the world’s biggest tech companies. In the latest report filed with the House Clerk, the former Speaker disclosed several key transactions.
Big bets on Alphabet and Amazon
Among the most notable: Paul Pelosi bought 50 call options for Alphabet, Google’s parent company, and another 50 for Amazon. These options had a strike price of $150 and were valued between $250,000 and $500,000. Call options give the investor the right, but not the obligation, to buy shares at a certain price.
A tech stock sell-off
Pelosi also reported selling large amounts of tech stock. On December 31, Paul Pelosi sold 10,000 shares of Nvidia and 31,600 shares of Apple. A few weeks later, on January 14, he made another big move. He bought 50 Nvidia call options with a strike price of $80, valued between $250,000 and $500,000.
But that’s not all. On December 20, he exercised 500 call options for Nvidia, each with a strike price of just $12. This trade was valued between $500,000 and $1 million.
Other recent investments
Other investments followed. Pelosi reported buying 140 call options for Palo Alto Networks, a deal worth between $1 million and $5 million. The strike price for these options was set at $100. He also bought 50 call options for Tempus AI at a $20 strike price and 50 for Vistra Corp. at a $50 strike price. The Vistra deal fell in the $500,000 to $1 million range, while Tempus was between $50,000 and $100,000.
Calls for a ban on congressional stock trading
The trades come amid growing calls for a ban on congressional stock trading. Both Republicans and Democrats have pushed for new rules that would bar lawmakers and their families from profiting off stock deals, especially those involving companies they may influence. Despite these efforts, no law has passed yet.
Paul Pelosi’s controversial trades
Paul Pelosi’s trades have sparked controversy before. Last fall, he sold over $500,000 in Visa stock right before a major Justice Department lawsuit hit the company. Just a year ago, he reportedly made $4 million from Nvidia call options.
It’s legal for lawmakers’ spouses to trade stocks, but they can’t use insider information. Pelosi’s team has stated that the former Speaker doesn’t own any stocks and had no knowledge of the trades before they were made.
As the debate over congressional stock trading heats up, these latest disclosures are sure to keep the issue in the public eye. Will lawmakers finally push through a ban?
