Allow us to offer a partial answer. If you were\u00a0Nancy Pelosi<\/a>\u00a0and her husband, you were buying call options in names like Apple, Tesla and Disney. That’s what a\u00a0new disclosure<\/a>,\u00a0detailed in Barron’s<\/a>, revealed late last week.<\/p>\n Paul Pelosi purchased LEAPS in Tesla, Apple and Disney and shares in\u00a0AllianceBernstein on December 22, the disclosure revealed. In other words, it’s not just clueless retail Robinhood investors that are speculating;\u00a0it’s also clueless politicians.\u00a0<\/em><\/p>\n He purchased 100 $100 strike Apple calls that expire in January 2022 and paid between $250,000 and $500,000 for them. He also bought 25 in the money Tesla calls, selecting the $500 strike calls with a March 2022 expiration, according to the report. Those cost between $500,000 and $1 million. Finally, he bought between $500,000 and $1 million in Disney options, buying 100 calls at a $100 strike that expire in January 2022.<\/p>\n He also “paid $500,001 to $1 million for 20,000 shares of global investment firm AllianceBernstein,” putting his average price around $33.37.<\/p>\n Obviously, the call option purchases are worth noting – not only because they are leveraged investments and are far more risky than buying outright stock –\u00a0but because the Speaker now clearly has a vested interest in the success of names like Tesla, whose trajectories as public companies can be altered drastically by government decisions.\u00a0<\/strong><\/p>\n Paul Pelosi and Speaker Pelosi\u2019s office didn\u2019t respond to requests for comment, Barron’s said. Can’t say we’re surprised.<\/p>\n![\"\"](\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/nance.jpg?itok=FORKqCVi\")
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