House Speaker Nancy Pelosi appears to be investing heavily in Tesla and Disney.
Business Insider reports that the Californian politician bought 25 call options – the option to buy stock within a certain time frame – for Tesla on December 22, giving her the option to buy 2,500 shares for $ 500 each.
According to financial information, he is also looking into the Walt Disney Company and Apple stock, buying 100 call options for each company for $ 100 each on the same day – moves costing up to $ 1 million and up to $ 500,000, respectively.
There is a possibility that her husband, businessman and investor Paul Pelosi, bought the options. While these bets may not belong to Pelosi, lawmakers are required to report any investments belonging to them, their spouses or dependent children, Barron reports.
The call options will expire in early 2022.
The move, Business Insider acknowledged, could pose some challenges to its legislative decisions, as it is now invested in Tesla’s success and has the ability to influence “green” legislation.
It also revealed a purchase of 20,000 shares of AllianceBernstein, an investment company, for a cost of up to $ 1 million.
Last May, Paul Pelosi sold thousands of Apple shares for up to $ 7 million, Barron’s reported.
- According to this source Nancy Pelosi has revealed stock options in Tesla, Disney, and Apple
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