https://www.forbes.com/sites/antoinegara/2021/07/08/inside-nancy-pelosis-husbands-5-million-alphabet-options-windfall/amp/ He likes to buy fairly deep in the money leap calls in big tech names. He bought 40 call options in Alphabet with strike price of $1200 on Feb 20, 2020 with expiration date of June 2021. Alphabet was trading at $1314 on that day. So he bought calls just as stock market panic was setting in due to COVID shutdowns. He probably got a really good price on these calls. And it took some guts to buy calls if you remember how the environment was during Feb 20 of last year. Seems he likes buying deep in the money calls in big tech names that are over a year out. 500k -1M in Alphabet calls alone. 🥶 He also bought Microsoft $130 calls expiring 3/14/2021 worth 1.75M 🥶🥶during the same period. Microsoft trading at $167 at the time https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2020/20016340.pdf In hindsight, these were obvious bets but still pretty ballsy.
Hun, smack your dentures once if buy. Twice if sell. Take them out for double down.
Didn’t the main crash happen in March? Seems like luck
He did pull the trigger a bit too soon, I imagine he was down ~30-50% on his calls at the bottom. But he held steady and didnt panick sell. In the end he was able to buy 4000 shares of google for 1300 when it was trading at 2500. And he was able to buy 25000 shares of Microsoft for 130 when it was trading around 230.
Damn what is he doing next, I’ll just copy along
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These forms are fucking stupid for listing ranges like 500k-1M instead of making them put the actual amount.