Nancy Pelosi reports new Intel and Uber 2027 call option purchases

STOCK Act filings disclosed on June 23 showed May 29 purchases of 200 Intel and 200 Uber call contracts expiring March 19, 2027, expanding long exposure to both companies.

QNT

Summary

Former U.S. House Speaker Nancy Pelosi disclosed two new option purchases dated May 29 that increased long exposure to Intel and Uber. STOCK Act filings made public on June 23 showed purchases of 200 Intel March 19, 2027 $50 call options valued at $1 million to $5 million and 200 Uber March 19, 2027 $50 call options valued at $500,000 to $1 million. The filings indicate leveraged bullish positions in both stocks, as call options give the holder the right to buy shares at a predetermined price before expiration.

Terms & Concepts
  • call options: Contracts that give the holder the right to buy a stock at a set price before expiration.
  • long exposure: An investment position that benefits if the price of an asset rises.
  • STOCK Act filings: Mandatory disclosures of certain financial trades by U.S. lawmakers and related individuals.