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Nancy Pelosi purchases $5m worth of NVIDIA call options
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Nancy Pelosi, the 52nd Speaker of the U.S. House of Representatives, bought $5 million worth of NVIDIA (NVDA) call options.
Many investors keep a close eye on Pelosi's trading due to her previous trading successes. In addition, her husband, Paul Pelosi, is a venture capitalist who also has a history with Nvidia (NASDAQ:NVDA) shares.
Back in July, Reuters said Paul Pelosi dumped his Nvidia stock before the House considered legislation regarding subsidies and tax credits to boost the U.S. semiconductor industry.
With Nvidia shares up over 227% this year, Nancy Pelosi is back in on the stock, buying 50 call options with a strike price of $120. The expiration date for the call options is December 20, 2024.
Nvidia shares are down 0.6% on Friday.
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