And Pelosi stuck again
Pelosi's Husband Bought Amazon Calls Before Pentagon JEDI Shakeup Sent Shares Soaring
House Speaker Nancy Pelosi (D-CA) disclosed from her ivory tower late last week that her investor husband, Paul Pelosi, made several now-profitable trades in various securities.
For starters, Pelosi bought Amazon calls on May 21 when it closed at $3,259.05. Fast forward six weeks and great news for Amazon after the Pentagon pulled the rug out from Microsoft's $10 billion JEDI cloud computing deal (opening the door for Bezos), and the trade is looking great.
This is not the first time that investments made by Paul Pelosi have been made in close proximity to happenings in Congress.
Paul Pelosi in March exercised $1.95 million worth of Microsoft call options less than two weeks before the tech stalwart secured a $22 billion contract to supply U.S. Army combat troops with augmented reality headsets.
In January, he purchased up to $1 million of Tesla calls before the Biden administration delivered its plans to provide incentives to promote the shift away from traditional automobiles and toward electric vehicles. -Fox Business
Meanwhile, Congressional Democrats are going after Redditors who've banded together to squeeze meme stocks.
https://www.zerohedge.com/political/pelosis-husband-bought-amazon-stock-pentagon-jedi-shakeup-sent-shares-soaring