Fox Business host Charles Payne said House Speaker Nancy Pelosi’s stock trade timing was “impeccable” and suggested that “maybe Nancy Pelosi knows something we do not know.”
“Representative Pelosi just bought a total of 50 out of the money calls on Apple, 150 out of the money calls on Microsoft,” Payne said on the June 6 edition of his show, Making Money. “Now, the two transactions totaled anywhere between one and a little bit over two million dollars. One would say it’s the kind of bet that one would make, uh, if they were a greedy capitalist, right? In fact, you would make a capitalist blush and then of course a professional poker player would also blush because the timing always seems to be so impeccable when it comes to Nancy Pelosi trades.”
Speaker of the House Nancy Pelosi (D-CA) disclosed millions of dollars of money calls on Microsoft and Apple in a recent filing. The filing detailed her and her husband Paul Pelosi’s purchases during the month of May. Paul Pelosi is a wealthy financier with a net worth of $120 million, according to Celebrity Net Worth.
Payne continued: “Between her and her husband’s gas guzzling Porsche and of course that house with a carbon footprint of a football stadium right at kick off time, maybe she needs the extra bucks. Maybe that’s why she’s taking the extra risk. Sadly, though, not many of us can follow her. Not many Americans have the same luxury that she has.”
Nancy Pelosi traded $12.75 million in stock options in 2021, making her the second biggest trader in all of Congress, according to Unusual Whales.
People are upset that many in Congress, including Pelosi, have a seeming knack at making huge bets on stocks with special information, Payne said. “People are upset about it. They do not like the idea of these folks in Washington, D.C. being able to make gargantuan bets like this, particularly when they have information the rest of us don’t have.”
Payne displayed a graph on Microsoft and Apple’s share prices over the past few months and pointed to May, when Pelosi made her money calls. The stock prices of both companies shot up following the Speaker’s purchase, almost as if “Pelosi knows something we do not know or maybe runaway inflation has her nervous as well,” Payne said.
Speaker Pelosi has a long history of betting against the house, and winning. Financial data aggregator Unusual Whales exposed Speaker Pelosi for beating SPY — a successful, exchange-traded fund — by a tremendous margin. 70 percent of Pelosi’s trades beat SPY as of late September 2021, Unusual Whales revealed.
Pelosi once told an audience in London that “In America, capitalism is our system, it is our economic system, but it has not served our economy as well as it should,” according to Business Insider.
Conservatives are under attack. Contact ABC News 818-460-7477, CBS News 212-975-3247 and NBC News 212- 664-6192 and demand they report on Pelosi’s “impeccable timing” on making trades in the stock market.