Don’t count on that, it’s not going to happen.
Good to see the FBI doing the legitimate job of going after actual potential crooks again, instead of setting up a President’s political enemies.
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With Greta Thunberg.
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Not if you expected it to crash. If you did, you’d want to dump it and then if you saw a reason later to get back in you buy back in before it rises again.
If you knew lock downs were comiong meaning companies like Amazon would soon see a huge boom would you consider maybe buying their stock?
Nancy did.
Recent reports show that, on January 17, Pelosi and her husband bought millions of dollars in Amazon stocks–soon after she began receiving briefings about the Coronavirus pandemic’s impact on the United States.
While the stock market has plunged since its Valentine’s Day record high, Amazon has climbed–as its shipping and delivery business face huge demand in an era where many Americans are staying home.
In just 10 weeks, the Pelosis have made nearly $2 million in profit on their new Amazon stocks, even as many Americans lose their life savings and retirement funds.
Insider trading works in both directions.
maybe the writer of the article need to learn how stock options work
her husband exercised 50 amazon calls on january 16th at expiration with stike prices of 1600 and 1700
he had bought the calls in july and october of 2018
On that date amazon was trading for over 1800 so of course he exercised the options. its how options work. at expiration the calls were worth over a millions dollars. if they werent exercized that day they would be worthless
so unless she knew about the virus in july and october she wasnt trading off briefings on the virus
this is her financial report…
he bought options in July, he exercised them when Nancy knew their price would soar.
Those facts don’t change anything here.
How much had Amazon’s stock price moved and in what direction since July and October when those options were purchased and Jan 17 when they were exercised?
What is the value of that stock today?
you need to learn about automatic exercise
options that are in the money at expiration are automatically exercised.
these were in the money at expiration therefor they get automatically exercized
Why do you keep dodging?
What was the value of the stock on they day the options were purchased?
Which way and how much did they move between the date the options were purchased and date exercised and in what direction?
What is the current value of the stock?
The “Independent Citizen”…Looks like a nice middle of the road source. Those are their headlines on the political page.
Can you dispute any of the facts as stated in the article?
What facts? They say “Recent reports” without linking to the reports.
im not dodging anything. using one of her purchases.
30 amazon call options purchased october 12 2018 expiring jan 17 2020
on the purchase date amazon was 1800/share
on the expiration date it was 1860 a share
on the purchase date 3000 shares of amazon were worth 5.4M
on the exercise date 5.58M
current value of those shares is 7.2M
What exactly do you think she did wrong ?
she made a trade in october 2018. the options she bought automatically get exercised at expiration if in the money
on expiration the options were in the money. they automatically got exercised and turned into stock since they were in the money. she didnt do anything to exercise them,thats the way options work. the automatic exercise means she automatically bought the stock at 1600/share since the actualy stock price was higher. thats the way options work
since then the stock has soared due to the virus but her trade had nothing to do with it since she made the trade in october of 2018. and did nothing since then…
so please explain to me what she did wrong…
ill dispute the entire article starting with the headline.
she made the trade in october 2018. it wasnt insider trading. the only ones who think that have no idea how the options market works
Did they buy and hold or sell on the same date the trades were exercised?
of course you will.
you should quit while your behind. they got long amazon in october 2018
their long position in amazon didnt change when they exercised the options.
you need to learn about option delta
The fact you keep avoiding straight answers is quite telling.
One more chance.
Did they buy and hold or sell on the same date the trades were exercised?
Then we can discuss the Amazon options… .
im not avoiding anything.
they held the stock after exercising the options.
their net position didnt change though
this was their position just based on the 30 1600 calls they owned
dec 1 2019. long 3k shares
dec 31 long 3k shares
jan 15 long 3k shares
jan 17 the day after exercizing their options 3k shares
before they exercised the options if amazon moved $! a share they made or lost 3k
after exercising them if amazon moved $1 they made or lost 3k
No difference.
you can huff and puff and yell insider trading all you want but that doesnt change the fact that there was none.
so now ill give you one last chance like you gave me.
since their paper gains or losses as amazon stock moved didnt change before or after exorcizing the options and their net position didnt change either how is it insider trading???
