Does Nancy Pelosi have a little “Insider Trading” problem?
January 30, 2021
It certainly appears as though the referee should call a flag on the play.
Joe Biden announced his “Buy American” executive order that includes a plan to replace the U.S. government’s fleet of cars and trucks with U.S.-assembled electric vehicles.
That would certainly mean that manufacturers of EV’s would be a hot stock category to consider.
But wait…
Nancy Pelosi’s latest financial disclosures, revealed over the weekend, show that she purchased 25 Tesla call options with a $500 strike price and an expiration date of 3/12/2022 on December 22, 2020, paying between $500,000 and $1 million for the option.
There were other purchases of AllianceBernstein Holdings, Apple, and Walt Disney on the disclosure, but the Tesla purchase is raising eyebrows, as Chris Katje of Yahoo! Finance noted, “as arguments could be made that the companies stand to benefit from new President Joe Biden’s agenda.”
