Shouldn't HN steer clear of things like this with a political slant? She is a very divisive figure and I don't see how this sort of article makes HN better.
That ship sailed a long time ago.
Pelosi and a lifetime of trading
71–80 of 192 posts
Re: Pelosi and a lifetime of trading
#72Oh and looking more closely, this methodology is super poor (though I’m sympathetic to the challenge with the disclosure format).
Basically, by assuming that all the trades were the maximum of the range (and per trade), it’s overweighting the PayPal and Crowdstrike performance and downweighting the MSFT and GOOG “under performance” (they bought GOOG near the top?).
I don’t follow why most of the Feb 20 options aren’t being valued either. Those were the “scandalous” trades. And they were all (IIRC), 1-year out LEAPs or something. Seemed a reasonable thing at the time! (“People are panicking, buy now and assume it’s back to normal in a year”).
Has someone done a more careful analysis? (At the very least, I strongly doubt that the positions would be the same between the crowd strike and MSFT shares, and that the MSFT shares were purchased alongside the MSFT options as a hedge).
Edit: And umm, all the options trades are listed explicitly as the number of contracts purchased. So people can easily look up the VWAP or similar for the purchase date and get a real number...
Re: Pelosi and a lifetime of trading
#73I wouldnt be against members of congress trading stocks as long as the trades were published at the end of every day after market close.
Re: Pelosi and a lifetime of trading
#74All comments critical of Nancy and the corruption getting downvoted in this thread. Democrat party censor contractor in full force.
Re: Pelosi and a lifetime of trading
#75Sorry if this is a stupid question - I've only seen options as a compensation mechanism. Can you buy options on the open market just like shares? If not, how do politicians end up with options?
There's loads of different options. A quick introduction:
https://www.investopedia.com/options-basics-tutorial-4583012
Re: Pelosi and a lifetime of trading
#76Instead of fixating that Pelosi made more than others I think right question is, why someone who actually can impact stock options and also has information not available to the public is allowed to trade?
Because when they pass laws prohibiting certain types of activities, they almost always exclude themselves.
Re: Pelosi and a lifetime of trading
#77Congress has some of the richest people in America. I’ve always been intrigued by that.
Google tells me that Rick Scott from Florida is the richest at a net worth of $260 million. Which, in the grand scheme of things, isn't all that wealthy.
Re: Pelosi and a lifetime of trading
#78Re: Pelosi and a lifetime of trading
#79I am shocked that politicians are even allowed to trade options, I feel like shorting stocks and option trading should be off the table once you are elected to office.
Her husband is making these trades and he’s a longtime active investor and VC.
Did most "longtime active investor and VC[s]" make so much money?
Re: Pelosi and a lifetime of trading
#80This has been debunked over and over starting in 2012.
Nanci Pelosi is not part of a crime family. Stop trying to claim otherwise. Snopes debunked this okay like 2 years ago.
https://www.snopes.com/fact-check/nancy-pelosi-crime-family/