Nancy And Paul Pelosi Bought More Than $1 Million In Tesla, Disney And Apple Calls In December

If you were Nancy Pelosi and her husband, you were buying call options in names like Apple, Tesla and Disney.

Paul Pelosi purchased LEAPS in Tesla, Apple and Disney and shares in AllianceBernstein on December 22, the disclosure revealed.

He purchased 100 $100 strike Apple calls that expire in January 2022 and paid between $250,000 and $500,000 for them.

He also bought 25 in the money Tesla calls, selecting the $500 strike calls with a March 2022 expiration, according to the report.

Finally, he bought between $500,000 and $1 million in Disney options, buying 100 calls at a $100 strike that expire in January 2022.

Obviously, the call option purchases are worth noting - not only because they are leveraged investments and are far more risky than buying outright stock - but because the Speaker now clearly has a vested interest in the success of names like Tesla, whose trajectories as public companies can be altered drastically by government decisions.

Paul Pelosi and Speaker Pelosi's office didn't respond to requests for comment, Barron's said.

https://www.zerohedge.com/markets/nancy-and-paul-pelosi-bought-more-1-million-tesla-disney-and-apple-calls-december