Former House Speaker Nancy Pelosi, D-Calif., reported several stock trades on Inauguration Day that were made in December and early January involving several of the world’s largest tech companies, an industry she and husband Paul have traded in before.
Congressional stock trading disclosures, known as periodic transaction reports, cover trades made by both the member of Congress and a spouse.
Ian Krager, a spokesperson for the former speaker, told FOX Business, “Speaker Pelosi does not own any stocks, and she has no prior knowledge or subsequent involvement in any transactions.”
Pelosi’s disclosure showed the purchase of 50 call options for Alphabet, the parent company of Google, along with 50 call options for Amazon, according to her latest periodic transaction report filed with the clerk of the House of Representatives.
Both sets of call options have a strike price of $150 and were valued between $250,001 and $500,000. Call options give investors the right to buy shares of a company at a specific price.
The disclosure showed the sale of 10,000 shares of Nvidia along with 31,600 shares of Apple Dec. 31. After the sale, Pelosi bought 50 more Nvidia call options on Jan. 14 that had a strike price of $80 in a trade that was in the range between $250,000 and $500,000. Pelosi also exercised 500 call options for Nvidia on Dec. 20 that had a strike price of $12 and were due to expire that day.
