How to be the husband of Nancy Pelosi .. and always hit the good business (especially if related to the government)
The husband of house dem spokesperson Nancy Pelosi has just revealed that he bought Roblox stock on the day of their listing and acquired Microsoft stock via call options, then buying d at a previously defined price.
Paul Pelosi bought 10,000 Roblox shares (ticker: RBLX) on March 10, the first day the video game provider's shares began trading on the New York Stock Exchange. He paid between $ 500,000 and $ 1 million in total, according to a form that President Pelosi presented on April 9 to the Chancellor of the House of Representatives, which does not ask for the exact amount but only intervals of the same.
The speaker's husband also bought 25,000 Microsoft stock on March 19 through call options, which allow a holder to buy a specified amount of stock at an agreed price. Using the options, a stock known as the "exercise" of options, he paid $ 1.95 million to buy 15,000 shares for $ 130 each, and paid $ 1.4 million for 10,000 shares of $ 140 each.
While the RobLox shares, which it quoted with direct sale without IPO, may have been a coincidence, the purchase of Microsoft is much, much more suspicious, because it is made with call options.
Roblox shares began trading publicly through a direct listing, bypassing the conventional initial public offering, opening at $ 64.50. Wall Street remains upbeat on equities. As of Monday's close at $ 75, they gained 16.3% from that opening price. So here we have a good deal, but …
Microsoft stock was up 15.1% year-to-date, outpacing the 9.9% gain in the S&P 500 index. However, the call option purchase took place AFTER the conclusion of a $ 22 billion contract with the US government, but the options were bought FIRST. So first they fixed the price, then they bought them when the price was higher on the market, with an increased profit. It is not that Paul Pelosi knew that the contract with Microsoft would soon be concluded and therefore that the shares would go up. A very simple and straightforward way to make profits. A little too simple.
Knowing you are going to approve MSFT for a 22B govt deal – then buying massive amounts of call options .. Really can't be any more of an insider then this. Oh how about buying millions of TSLA call options (also a Nancy trade) then pushing for an EV credit of 10k –
– Jean Montagne Neige (@jmtnsnow) April 13, 2021
After all, it is easy to play on the stock market when you know where the public money will go.
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The article How to be Nancy Pelosi's husband .. and always hit the bargains (especially if linked to the government) comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/come-essere-il-marito-di-nancy-pelosi-ed-azzeccare-sempre-i-buoni-affari-soprattutto-se-legati-al-governo/ on Thu, 15 Apr 2021 06:00:26 +0000.