Riddle me this one
A US special forces solider gets arrested for allegedly 'insider trading' on the Maduro mission
Yet politicians continue trade stocks they oversee literally daily without even an investigation
Doesn't feel right
I’m thrilled to be returning to the Nathan’s Famous Fourth of July Hot Dog Eating Contest. This event means the world to me. It’s a cherished tradition, a celebration of American culture, and a huge part of my life. (1/3)
@AndyHermanNFL@HabushRottier Hey Andy, thanks for all your coverage! Question for you, with the addition to OLine, do you not see Sean Rhyan getting a second contract?
@mattschneidman How often in a game do you run plays you drew up mid game? I know that TD to Watson was drawn up mid game, so just curious about how often that happens.
Nvidia $NVDA is now the most valuable company in the world.
Nancy Pelosi's made +$7 million trading $NVDA, 35 times her salary. I want you to understand how she entered this trade, why it worked, & show you the how Congress has a history of benefiting itself despite conflicts when governing important US companies:
Let’s start in December 2021. After a history of unusual trading, from Visa, trading during the GFC, and buying before stimulus bills, Nancy Pelosi was asked if she thinks US Congress members should trade despite legislative conflicts by Bryan Metzger.
She said, "We are a free market economy. Congress should be able to participate in that". Insane.
In Jan 2022 Unusual Whales releases their most famous trading report, showing Congress beat the market. Nancy Pelosi is listed as the fifth best trader in Congress.
That report creates a flurry of media and outrage, while the report continues to go viral. Within seven days of publishing, five new bills banning members of Congress from trading are proposed.
In the summer of 2022, it is revealed that Nancy Pelosi was trading millions of dollars of $NVDA, Nvidia before voting on a US semiconductor bill by the Biden administration.
We reported on her trading to outrage by the public. Interestingly, for the first time in history, a few days later Nancy Pelosi disclosed trades made on the same day they were made. This is likely the fastest disclosure in history of US Congress. She reported that she sold out of her Nvidia position, the first time she divested from conflicts in her portfolio. Despite taking 45 days for every other disclosure, she made this one instantly. Hilarious.
One month later Nancy Pelosi proposed alongside Representative Lofgren her own Congressional trading ban, a bill which was incredibly weak and filled with loopholes.
And then, Pelosi stopped trading. Well, until her $NVDA leveraged bet.
One week after Chinese President Xi visits her home state of California, and before Biden announces new US semiconductor focuses, her husband decided to buy two million dollars of deep in-the-money Nvidia calls, the same company she divested from due to conflicts a year earlier. No more conflicts anymore, according to her husband.
What’s worse On Dec 11th, before she bought in November, U.S. Commerce Secretary Raimondo said that Nvidia could sell slower AI chips to China to comply with US export controls. And then, on Dec 28th, NVDA launched a modified version of an advanced chip precisely to get around US restrictions.
Nvidia now has released new US chips, and has hit all time highs again and again. $NVDA is now the most valuable company in the world, and before anyone traded it, she did.
She was not alone though. Numerous members of Congress bought $NVDA early, before the massive rallies! Of course, none of this is insider trading, but it does seem unusual, especially given scrutiny of Nvida by the government.
Why does she trade ITM tech calls, you may ask? It allows for one to be bullish with less capital upfront, and the contracts move 1 delta to the stock. We wrote more about it on our research site, which you can find in our bio.
If you think that one of the most powerful politicians in the US can, or even should, have leveraged bets over an incredibly important company to US infrastructure, that is okay. But there might be something worthwhile in understanding how members of Congress trade, and the data suggests as such. Pelosi herself has lost a ton on trades, including when she divested from $NVDA last year, and yet despite that she decided to enter into it again and is now up nearly $7 million on her shares and options positions.
And so we will keep reporting on Pelosi, and Congress, and the history of unusual trading. Pelosi's portfolio itself is up around 100% year to date on her portfolio!!! If you want to find and follow her portfolio, you can do so on Unusual Whales in our Portfolio tab.
Pelosi has made likely twenty million this year alone off her tech portfolio, with a networth close to likely a third of billion. No matter what trade or conflict though, I will report on it. If you believe this is an important issue, I ask you share this tweet with your friends, and family.
Congress cannot hide from me, I will continue to report on the data, and I will not stop until Congress is banned from trading.
Jordan Love and the Packers have agreed to a 4 year $220M contract, that makes him the highest paid QB in NFL history. He also gets a record $75M Signing Bonus plus $155M in new full gurantees. Deal negotiated by David Mulugheta & Andrew Kessler of Athletes First.