Paul Pelosi exercises up to $5 million in Google call options ahead of stock ban bill unveiling

House Speaker Nancy Pelosi’s husband, Paul Pelosi, exercised call options on $1 million to $5 million worth of stock for Alphabet Inc., Google’s parent company, as legislation was being drafted to ban Capitol Hill lawmakers and immediate family members from purchasing individual stocks, according to House document dated Oct. 14.

The transaction date of the House’s Periodic Transaction Report is Sept. 16. At that time, several different stock ban bills had been proposed in the House. The House Democratic leadership’s version was rolled out about one week after Pelosi, a wealth investor, exercised his call options.

A call option is a financial contract that gives the buyer the option, but not the obligation, to buy a stock, bond, commodity or other asset.

Speaker Pelosi ultimately did not put the stock ban legislation up for a vote before the House recess began. 

Keep reading

Author: HP McLovincraft

Seeker of rabbit holes. Pessimist. Libertine. Contrarian. Your huckleberry. Possibly true tales of sanity-blasting horror also known as abject reality. Prepare yourself. Veteran of a thousand psychic wars. I have seen the fnords. Deplatformed on Tumblr and Twitter.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: