While many investors are fleeing tech stocks and shares, House Speaker Nancy Pelosi (D-Calif. ) appears to have got placed massive bets on Apple and Microsoft which are suspiciously timed, Fox Business host Charles Payne stated.
“ Rep. Pelosi just bought a total of 50 out-of-the-money calls an Apple, 150 out-of-the-money calls on Microsoft, ” totaling close to $2 million, the economic analyst pointed out Monday.
The purchases evidently happened times ahead of husband Paul Pelosi’s DUI arrest in Ca last week.
NEW: Days before his DUI arrest, @SpeakerPelosi ‘s hubby was busy buying substantial stock options in @Apple plus @Microsoft as Congress arguments whether to ban lawmakers/spouses from trading stocks at all.
— Sawzag Levinthal (@davelevinthal) June 7, 2022
Payne highlighted the bets are so impeccably timed they would make a professional online poker player blush.
“ Maybe Pelosi knows something we don’t know, ” Payne stated, before going onto suggest the Speaker of the House may have some insider information.
“ Unfortunately not many Americans have the exact same luxury that she has. I acquired to tell you something, people are upset about it. They don’t like the idea of these folks in Washington, D. C. being able to create gargantuan bets like this particularly when they have information the rest of us you do not have. ”
Pelosi nearly spat out her vodka last December whenever asked by a reporter point-blank whether lawmakers should be banned from trading individual stocks while serving in Our elected representatives.
MEDIA REPORTER: “Should members of our elected representatives and their spouses end up being banned from trading person stocks while serving within congress? ”
PELOSI: “No… We are a free market economy. They should be capable of participate in that. ” pic. twitter. com/2SNqSCwFEU
— Townhall. com (@townhallcom) December 15, 2021
“ No… We are a free market economy. We are a free-market economic climate and they should be able to participate in that will, ” Pelosi said.