Nancy Pelosi's husband lost nearly a million dollars trading options.
TraderKnows
05-08
According to Reuters, a filing revealed that the husband of U.S. House Speaker Nancy Pelosi lost nearly one million dollars in bullish options trades in Micron Technology (NASDAQ: MU) and NVIDIA Corporation (NASDAQ: NVDA).
According to Reuters, a filing reveals that Nancy Pelosi's husband lost nearly $1 million in call option trades on Micron Technology (NASDAQ: MU) and NVIDIA Corporation (NASDAQ: NVDA).
Pelosi disclosed that her husband, Paul Pelosi, incurred a loss of $392,575 from call options in Micron purchased in December 2021, and a loss of $361,476 from Nvidia call options bought in July 2021.
Moreover, the transaction report also shows that Paul Pelosi exercised 200 call options in Alphabet (NASDAQ: GOOGL) on September 16, purchasing shares for $2 million, while also sustaining a loss of $132,824 from the expiration of call options in Walt Disney (NYSE: DIS).
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A call option is a type of financial derivative that grants the holder (buyer) the right, but not the obligation, to purchase the underlying asset (usually stocks, commodities, indices, etc.) at a specified price (strike price) at a specific future date.
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