A new disclosure filing reveals House Speaker Nancy Pelosi on Dec 22, 2020 bought 25 $TSLA call options with a $500 strike price and an expiration date of 3/12/2022.
Pelosi paid between $500k-$1M for the options.
With Tesla currently trading at $883.09, Pelosi is way up on her investment.
Tesla shares have risen from roughly $640 at the time the calls were purchased to over $880 at this time.
Per Benzinga “former U.S. Senator David Perdue, a Republican, was criticized for making numerous stock trades during his six years in Congress. Perdue was the most prominent stock trader from Congress, making 2,596 trades during his time served.”
It’s not illegal for members of Congress to have personal financial stakes in the industries on which they legislate. However, The STOCK Act is an original bill to prohibit members of Congress from using private info derived from their official positions for personal benefit,etc.
— Sawyer Merritt 📈🚀 (@SawyerMerritt) January 24, 2021