Everyone's talking about Pelosi's nVidia trade in light of CHIPS act and how highly suspicious that trade was. I wanted to bring attention to another trade that she has made. As Visa shareholder myself I have noticed these news headlines and I thought timing was very peculiar too.
House Speaker Nancy Pelosi sells Visa, Apple calls, exercises Nvidia calls
House Speaker Nancy Pelosi and her husband have sold millions of dollars of Visa (NYSE:V) and call options in Apple (NASDAQ:AAPL) and exercised millions of dollars in call options in Nvidia (NASDAQ:NVDA), according to CongressTrading.com, a database that keeps track of lawmaker's stock trades.
The transactions occurred on June 17 and June 21, respectively.
The two largest transactions were the Nvidia (NVDA) call and selling the stake in Visa (V), both with a reported value between $1M and $5M.
Two senators target Visa, Mastercard in bill to increase card network competition
Jul. 27, 2022 1:44 PM ET
Visa (NYSE:V) stock is dipping 3.1% and Mastercard (NYSE:MA) stock is slipping 1.4% after the Wall Street Journal reported Wednesday that two U.S. senators are preparing legislation aimed at creating more competition among credit card networks.
What can I say. Pelosi is either a very lucky woman or a brilliant trader or both.
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