Representative Nancy Pelosi recently disclosed her husband’s stock market transactions, shedding light on his investment decisions last month. Paul Pelosi, an investment professional, capitalized on the artificial intelligence (AI) trend by purchasing shares of Nvidia and call options on Broadcom.
According to the disclosures filed by Nancy Pelosi, here are the key trades made by Paul Pelosi:
– He bought 20 Broadcom call options with an $800 strike price and an expiration date of June 20, 2025, valued between $1 million and $5 million.
– He purchased 10,000 shares of Nvidia stock, with a trade value ranging between $1 million and $5 million.
– He sold 2,500 shares of Tesla stock, valued between $250,000 and $500,000.
– He also sold 2,000 shares of Visa stock, with a trade value of $500,000 to $1 million.
The scrutiny around trading activities conducted by members of Congress and their spouses has intensified in recent years, raising concerns about potential misuse of sensitive or non-public information. Despite calls for legislation to ban stock trading by Congress members, Pelosi has consistently defended their participation in the free-market economy.
Moreover, Pelosi denied allegations that her husband’s stock trades were influenced by confidential information she might have shared with him. As the monitoring of congressional trades gains traction, ETFs tracking their activities have emerged, delivering impressive performances thus far.
In conclusion, while the Pelosi family’s investment decisions continue to be under the spotlight, the debate on regulating stock trading by members of Congress remains ongoing.
Source: Business Insider
