In a recent financial move, Nancy Pelosi, the 52nd Speaker of the US House of Representatives, has reportedly invested $5 million in Nvidia call options. Pelosi, a figure closely watched for her involvement in stock trading, previously sold 25,000 shares of Nvidia at a loss last July, a decision seen as an attempt to avoid public scrutiny amid the chipmaker’s surging stock performance.
The latest investment comes after Pelosi and her husband, venture capitalist Paul Pelosi, had previously shown interest in Nvidia before parting with their shares. This time around, Pelosi’s purchase involves $5 million in call options with a strike price of $120, set to expire in December 2024. The transaction marks one of the most substantial moves by the prominent US official, known for her active participation in stock trading activities.
Concerns about the financial activities of government officials have grown among the public, with Pelosi often at the center of attention. Calls for legislation banning stock trading within Congress have been ongoing, with figures like Ro Kanna advocating for measures to address concerns about potential corruption among congressional members.
This latest development underscores the ongoing debate surrounding the financial dealings of public officials and the need for increased transparency and accountability within the realm of congressional stock trading.
