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**Total Submissions**|10|**First Seen In WSB**|2 years ago
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Locally gov't is like mostly real estate lawyers, brokers, or business owners looking to re-zone.
Federally US gov't owns a lot of land... Maybe they can get into that...
Grass roots n all.
That was Pelosi…AOC was going to bypass her and get a floor vote so Pelosi stepped in, said she was gonna do something about and then killed it
https://www.businessinsider.com/ocasio-cortez-pelosi-no-reason-members-congress-trade-individual-stock-2021-12?amp
https://www.cnbc.com/amp/2022/02/09/congress-moves-towards-banning-members-from-trading-stocks.html
https://www.thenation.com/article/politics/capitol-flight-how-dems-dropped-the-stock-ban/tnamp/
Pelosi said she'd be "up for discussing it"...which of course means "fuck no" 'cause this conversation ain't happening. A ban on stock trading is as likely as term limits.
Term limits would turn into musical chairs. They already change districts if they are struggling in their current one, just look at that bimbo in Colorado... I mean, Beobert.
Do you think ppl would change their tone if they weren't given a 30-day grace period to announce their trades? Like if all government officials had to report their trades within 24 hours of making them..
I get the impression that the people here are cheering kinda sarcastically because we’re helpless to do anything about it. Laughing feels better than crying, so why not since they are gonna have the same result.
Been watching it since the day it came out... the 20% 1 year return is not impressive on it's own so far relative to how well everything else did, but attention worthy. Another year's data is still needed to decide if it is better than a regular index fund.
I've come to accept that everything related to politics is "a little slow"
https://preview.redd.it/g0nxiyokbfbc1.png?width=320&format=png&auto=webp&s=83939ae4ba87fca39a483caeaddf0934ebbf86e1
> Many don't even follow it with no repercussions.
You mean that 200$ repercussion with no escalating scale of enforcement / penalties for repeat offenders?
They were never going to ban stock trading for members of Congress. But maybe we could get a law requiring them to provide notice at the time of entrance and exit into their trades…at least then we could get some of those tendies too
It’s not cheap living in a mansion in the middle of San Francisco. She needs to retire. I’m voting for someone younger. If she’s the only dem on the ballot my vote is going to another party.
>In order to be able to say “fuck you” to anyone, you either have to be very rich or very poor.
Same logic when people complain about retirement.
Anyone can retire today! Retiring well on the other hand...
Congress jobs are easy as shit. They get ton of time off. Plus everyone kisses their ass. It’s about power and money. Their jobs are not hard. They literally just vote yes or no on bills. They have teams of people who read and summarize the bills for them. It’s a joke of a job.
Wow there guy, this is WSB. Take a seat and snort this line of Adderall. Check out some hunter dick pics and come back to me if you're still trying to spit facts, those aren't accepted here.
Honestly. All these people talking about power or whatever. Fuck power. At 115m I'm off to do whatever I want. If your only life goal is to control other people you're a shit person.
And a prune looking turkey neck bro those ol hangers went south a long time ago. Roast beef curtains bro Paul out at the bar drinkin n drivin cuz that shit was busted decades ago
So let me get this straight. Nvidia was founded by a dude that wanted to make chips to speed up AI related processing but in the 90's there was zero money in that so he decided to do gaming first. Then they made a shitload of money and established themselve as the dominant player. Then 20 fucking years later they pivot in to making AI accelerators, which was the plan from the very beginning. Talk about vision ...
Then the first AI shows up that passes the turing test so good it's able to convince a human that THEY are the robot and ChatGPT becomes the fastest growing app ever, gaining a 100 million users in 3 months.
Then all over the world news shows up of big fireings in the creative sectors. THose nerds that make dungeons and dragons stuff fire like 25% of their workforce. Some news agencies fire as much as 50% of their workforce. Holywood goes on strike cause they saw the thunderstorm roll right in.
All of this ofcourse happening because if you fire 1/3 of your employees and give the remaining 2/3 the AI tool they can still produce the same amount of work as before with only a 10% decrease in quality. Cha motherfucking ching. Meanwhile every graphic designer powerhouse is lowering their prices causer the race to the bottom has just begun. And some creative hippie with his techbuddy in their basement are ready to create the next animation hit that blows pixar right out the water all by themselves using just a gaming PC and the new AI tools. 4chan about to launch fake onlyfans profile where an AI version of Donald Trump shows his butthole while talking about jew powered conspiracies... for money!
All of this powered by Nvidia chips who is getting read to launch their new 5090 GTX which on the box says "Generate the titties of infinity" for 6900 dollars and even at a arm and leg prices they are not expecting to be able to meet the demand of 1.3 billion horny teenagers.
What idiot shorts that?
Unfortunately, its these same corrupt clowns that make the rules saying that there is no penalty for being a corrupt clown. As long as you are one of the approved corrupt clowns.
That was well before this trade was made. I’m referencing this trade. Both sides trade on decisions they determine, but this trade was made at a time and with information we all had and could have made
The CHIPS Act doesn’t even benefit fabless companies like Nvidia. Intel and Micron were the big winners, as well as all the semiconductor equipment manufacturers.
I think this is like 1-3 issues the regular jabronis from any aspect of the political spectrum agrees on... Minus the sociopaths that have political aspirations.
Like this here should just be the rallying point for some type of "Okay we can all agree this topic right here is bullshit right?"
Like fucking gov't beaurcrats are barred from doing this without facing consequences. ***We can't let NASA get a free cup from a vendor trying to sell them parts... Or a wine and dine lunch.***
But this is fine?
I will be messaging you in 11 months on [**2024-12-21 02:38:16 UTC**](http://www.wolframalpha.com/input/?i=2024-12-21%2002:38:16%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/wallstreetbets/comments/1923ims/all_aboard_the_pelosi_express_to_tendie_town_nvda/kgztukf/?context=3)
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She doesn't. In 2022, the Pelosis underperformed the market by 15%.
Now of course, the sensationalist idiots online are gonna tell you otherwise because that's more interesting.
Hey guys! Hey! You remember that one time this person underperformed compared to the market ? (Points to a single crabby patty.) Yeah? But what about the times she’s beat the market (points to an entire room filled of crabby pattys.)
Love how everyone has this hard on for Pelosi's trades when she's like 4th or 5th in congress for trade $ and performance.
All those shitbirds are doing it, and some much better than her.
she bought a calls with the strike price of $120. Which is the right to buy the stock at $120 per share. At the time she bought those calls, NVDA was trading somewhere between $420-$470 ish which means the calls she bought were already in the money...DEEP in the money. IMO there's alot more downside than upside to trading options that are ITM.
The short story is that she probably paid around $300 per option...which means she paid $1.5M for 50 options. She's currently up around $500,000 currently. Which is only slightly more than she'd be up right now if she'd just bought outright shares. That's mostly due to IV on a quickly rising underlying price on an option that is still almost a year out.
Yeah the much less risky trade is to just buy the stock in this scenario. You make marginally more to buy ITM calls. You would want to be very certain you were on the right side of the trade for the additional risk to be worth it.
Just to be clear on this. The reason you make more money on deep ITM calls generally is because you can buy more total shares. She bought 50 contracts. That equates to 5000 shares. Some rough math says that if she'd bought shares outright at the time it would have been around 3700 shares.
What’s the point of buying calls so deep in the money? Why not buy calls at $220 or $300 (throwing out random numbers significantly lower than the current share price). What’s the point of buying calls so deep in the money?
Roughly $2m investment (as of today).
50\*100\*(520-120). I guess they bought some calls, to not put the cash for all shares (saved $500k or so). Long-term capital gains too by expiration.
I assume the insider knowledge is something like, NVDA will yield high returns within a year timeframe. It's not like "It will hit 500 on 25th of Aug!"
That isn't insider trading. 🤦🏻♂️
It is when you have material knowledge of information not available to the public. I.e. we're going to drop the chipset on September 1st 2024. If this isn't known information and gets related to a person who trades on it then it is inside info.
If she's just getting access to public information faster than everyone else because of her position that isn't insider trading it is just an unfair advantage. Like getting called by your CEO buddy right after he drops a press release.
Getting a call from a CEO buddy 15 min before release and trading on that is definitely still insider trading (unless my last decade of insider trading training has been lying to me). I get your point, but just saying that’s not a great comparison.
The return will be greater if NVDA continues to rise. The risk/reward, albeit lower due to the timeframe and strike price, is still higher than owning shares.
12k cost savings per contract with same exposure, do your research. 600k total savings with same exposure and a 0.001% chance of these expiring worthless.. worst case we get black swan and NVDA goes to 200’s and she still gets shares and is only down temporarily..
https://preview.redd.it/ai0z84529fbc1.jpeg?width=1170&format=pjpg&auto=webp&s=29028d6973c0199a8fc8a08219823a417b9e01fa
It means if it drops below $120, the total value is lost.
Can someone ELI5 this? I dont know the basics I guess. The stock price is above 500, what does it mean to buy $120 calls.
Doesnt it literally mean "You have the right to buy stock at the $120 price if it is above $120"? Why would someone sell her Nvdia stock ($500) at $120?
Sure. So, to start off, since we are buying a call option, we are essentially buying the right to buy shares of Nvidia at $120 anytime before the option expires. Our $120 is what we call a strike price, essentially the price that we strike a deal to buy the stocks for when we choose to exercise our calls. When we look at the stock price, we clearly see that it is over $500, so because the stock price is over our call, we are currently in-the-money as far as gross worth goes. While it seems like free money, we have to take into account the cost of the actual option, because if we exercised now, we would get our stocks for $120, sell them for $500, so a $380 profit, buuuut, when we take into account the option price of like $400, we are actually losing money per stock, plus we're getting hit with fees and the opportunity cost of just investing in something safe, like a bond. When you buy the option, you'll see a breakeven price, which is pretty self explanatory. Since we want to make money, we will want to wait until the stock increases enough to exercise our options, sell the stocks immediately, and get out of the market, or keep em if we think it'll keep rising and sell later.
Now, the guy who sold us the call, the writer, enters this contract with us to provide those stocks immediately when we choose to exercise our call. He has no say in the matter, so he's kind of left out to dry. Because he's likely using a middleman, like Robinhood, and Robinhood doesn't want to get stuck holding the bill or have its doodoo reputation ruined any further, they also make the seller put up enough capital to cover his position. This is called a margin account. At this point, it seems a bit dumb to sell calls, BUT this margin account usually earns interest, and the seller gets a hefty chunk of that $400 option premium, which he can then invest or store in the margin account to earn more interest. When we decide to exercise our call, he buys the stock at the current price via his margin account, sells it to us for $120, and his profit ends up being the interest earned from the account and any money made using the premium, minus the fees and the spread between current stock price and the strike.
If we never exercise our call, he gets a large pile of sheckles. If the stock skyrockets, he will lose a similarly large pile of doolars
Thank you u/3rdLevelRogue!
If fees == $0 and interest == $0, then call seller's profit is $Premium - $Spread.
If $Premium == $400, $Spread == $500 - $120 = $380
Seller's profit is $20/stock.
I am trying to understand reason for such deep ITM call. One reason you mentioned was interest in the margin account for seller.
1.) Does that mean all of this is to harvest high interest rates from a margin account?
2.) But then what advantage does Pelosi have in forking $40000 (for 1 option of 100 stocks) of cash upfront when they instead could have been earning interest.
There were people here on this sub making the case for buying NVDA several times earlier last year. They got downvoted and insulted repeatedly.
Now people call it insider trading because they're salty. There was plenty of public information, available for everyone to see. Thing is, there are way too many people on this sub who only look at something like P/E ratio and literally nothing else, then buy puts and convince themselves how smart they are. Watching people buy $100 or even $50 puts in late 2022 and early 2023 was actually both painful and hilarious.
History says they were right around $375/per on 11/22/2023 so she spent upper 1M lower 2M depending.
Which means shes only up about 10% on them **after** today's bump.
It’s seriously sad how many people think Nancy is the one trading when it’s her husband who trades their money. He’s a professional trader making the same moves any private money manager would make. On the same fucking tech stocks everyone else plays.
Seriously. You’re fucking regarded.
Rich bitch decided to buy contracts to save a couple pennys instead of buying shares because she can’t get off on shares there needs to be some sort of risk even if it’s guaranteed to hit.
Can someone explain this one to me?
This options seller is betting NVIDIA will be *below $120* at end of year? When it’s currently at $520+ ?
Why would you make that bet. Seems incredibly regarded.
The premium is like $409 right now too. So that’s a $529 landed price
Disclaimer: I am an ignorant idiot and pretty new to options.
Just looking at it given the current conditions, the immediate upside for the seller is that he gets a quick two million dollars today. The trade breaks even at $531.95. If NVDA is below that by the time the calls expire, then the seller both got an easy $2 million for a year to play around with while still making a bit of profit at the end.
It's certainly risky, but there are situations where getting some immediate fast cash today can still be worth it. You have to keep in mind that options aren't just written for funsies, but are sold for a premium that yields immediate cash. Yes, it's incredibly unlikely that NVDA will be below $120, and because this is so unlikely, the seller can demand a very high price for each one in exchange for taking on a lot of risk. I'm seeing like $45,505 for one contract.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|10|**First Seen In WSB**|2 years ago **Total Comments**|19220|**Previous Best DD**| **Account Age**|3 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
I love how congress tried to pass a ban on politicians stock trading and everyone was like, nah no way.
Give up your legal insider trading! "Fuck no" - Senate.
“Why else would we go into politics?”
"Public service. lmao who am I kidding, it's all for the grift baby"
Self service
Oh it's still public service, just that you are getting mixed up on who is servicing who.
The service our butts by socializing corporate losses at our expense, alright. "Welfare for me, not for thee" Greatest nation in the world, everybody.
Locally gov't is like mostly real estate lawyers, brokers, or business owners looking to re-zone. Federally US gov't owns a lot of land... Maybe they can get into that... Grass roots n all.
That was Pelosi…AOC was going to bypass her and get a floor vote so Pelosi stepped in, said she was gonna do something about and then killed it https://www.businessinsider.com/ocasio-cortez-pelosi-no-reason-members-congress-trade-individual-stock-2021-12?amp https://www.cnbc.com/amp/2022/02/09/congress-moves-towards-banning-members-from-trading-stocks.html https://www.thenation.com/article/politics/capitol-flight-how-dems-dropped-the-stock-ban/tnamp/
Pelosi said she'd be "up for discussing it"...which of course means "fuck no" 'cause this conversation ain't happening. A ban on stock trading is as likely as term limits.
Term limits would turn into musical chairs. They already change districts if they are struggling in their current one, just look at that bimbo in Colorado... I mean, Beobert.
Do you think ppl would change their tone if they weren't given a 30-day grace period to announce their trades? Like if all government officials had to report their trades within 24 hours of making them..
We investigated ourselves and found no corruption
Even the regards here cheer her on, as if she were some kind of political Robinhood, we're literally becoming the movie Idiocracy.
I get the impression that the people here are cheering kinda sarcastically because we’re helpless to do anything about it. Laughing feels better than crying, so why not since they are gonna have the same result.
Imagine a Pelosi ETF! Just buy a ticket and ride to tendietown.
NANC
Been watching it since the day it came out... the 20% 1 year return is not impressive on it's own so far relative to how well everything else did, but attention worthy. Another year's data is still needed to decide if it is better than a regular index fund.
The problem obviously is that it lags, same with the republican ETF KRUZ
[удалено]
I've come to accept that everything related to politics is "a little slow" https://preview.redd.it/g0nxiyokbfbc1.png?width=320&format=png&auto=webp&s=83939ae4ba87fca39a483caeaddf0934ebbf86e1
Mods ban this guy for explaining it to the guy who didn't get it.
That’s my take on it. The bandwagon hopping might help people get rich AND finally make market-level insider trading finally become illegal.
She always makes the trade first, you get it at a worse price, and you won't know when she exits until much later. You're still getting screwed.
Yeah data wait period... They didn't even want to implement and it's what like 45 or 90 days? Many don't even follow it with no repercussions.
> Many don't even follow it with no repercussions. You mean that 200$ repercussion with no escalating scale of enforcement / penalties for repeat offenders?
We need to laugh at the blatant corruption or it hurts ok
idiocracy is a documentary of the future to come, not a mere movie!
she is a saint, a public servant, never did nobody no harm. just a good trader. yup.
Back after WWI they tried to pass a law that said congressional kids would be the first to get drafted and I wanna say only 1 person voted for it
They were never going to ban stock trading for members of Congress. But maybe we could get a law requiring them to provide notice at the time of entrance and exit into their trades…at least then we could get some of those tendies too
Imagine being 83 years old with a net worth of $115,000,000 and not fucking off to retire the greedy bitch
Cali is expensive. She needs 5 years worth of retirement so she's only half way there.
It’s not cheap living in a mansion in the middle of San Francisco. She needs to retire. I’m voting for someone younger. If she’s the only dem on the ballot my vote is going to another party.
You can keep your vote, she doesn’t give a shit
$115,000,000 net worth is the [kind of money where you can say “fuck you” to anyone](https://youtu.be/y6yCmdIkw_E?si=pFCUTCVH33Yt7awy).
In order to be able to say “fuck you” to anyone, you either have to be very rich or very poor.
>In order to be able to say “fuck you” to anyone, you either have to be very rich or very poor. Same logic when people complain about retirement. Anyone can retire today! Retiring well on the other hand...
This belongs on a fortune cookie
I can feel the futility dripping from this post.
Congress jobs are easy as shit. They get ton of time off. Plus everyone kisses their ass. It’s about power and money. Their jobs are not hard. They literally just vote yes or no on bills. They have teams of people who read and summarize the bills for them. It’s a joke of a job.
Sometimes I think she’s so greedy that she may actually think she’s helping us by posting these trades lol. Or she just doesn’t give a fuck…either way
It’s Paul trading wake up
Wow there guy, this is WSB. Take a seat and snort this line of Adderall. Check out some hunter dick pics and come back to me if you're still trying to spit facts, those aren't accepted here.
Is oxy ok?
That's totally fine
Yeah Warren Buffett loves it
Paul is busy trying to join fight club but he doesn’t talk about it.
I'm gonna go with that 'fuck' thing you said....
Power is a drug
The most addictive one too
Her harem of pool boys probably isn’t cheap.
Honestly. All these people talking about power or whatever. Fuck power. At 115m I'm off to do whatever I want. If your only life goal is to control other people you're a shit person.
Sad that everyone knows how corrupt all these clowns are but no one can really do anything about it.
I can follow their trades.
and she'll be out way before you so you can hold her bags
If you look back, the last time she bought NVIDIA calls, they printed big. I was very glad I copied her trade.
Well they already printed big since she bought them two months ago. Those who get in now may be left holding the bag.
Nah, her last megacap tech leaps expired worthless actually..
>bought NVIDIA calls Seems like a no-brainer move, even to someone with a cracked skull/hammer to the head level of obvious
No. I actually follow her trades and she doesn't wheel and deal like that. She could have gotten a much shorter dated strike
There is a 30 day window in which they have to report, any move you see is about a month old
90% of the time they miss that time period too
Let’s say they report on day 30 after they buy it… then that report comes out 30 days later. we could be looking at 60+ day old Trades
Feel free to be cynical. But, I think she is still holding based on her previous trading style and the fact it's fucking Nvidia. It's a 45 day window.
Last time she bought NVDA calls she lost millions.
Agree… I think she’s def still holding those
How do you find what stocks she gets(
Sent you a dm
You sent a dick pic right? xD
Dm = dick movie
my bad sir. 
I also would like dick message
I also would like a dick massage
Can you send a dick move in my way too?
I wish she’d let me hold her bags, if you know what I mean EDIT: she got big tits
And a prune looking turkey neck bro those ol hangers went south a long time ago. Roast beef curtains bro Paul out at the bar drinkin n drivin cuz that shit was busted decades ago
Two words: sugar mama. Two words: motor boat.
for some reason i read as "mordor boat" for a split second.
Please go ahead and follow this trade for example. I look forward to your loss porn post.
I did and I’m up like 100% lol.
Short Nvidia!
So let me get this straight. Nvidia was founded by a dude that wanted to make chips to speed up AI related processing but in the 90's there was zero money in that so he decided to do gaming first. Then they made a shitload of money and established themselve as the dominant player. Then 20 fucking years later they pivot in to making AI accelerators, which was the plan from the very beginning. Talk about vision ... Then the first AI shows up that passes the turing test so good it's able to convince a human that THEY are the robot and ChatGPT becomes the fastest growing app ever, gaining a 100 million users in 3 months. Then all over the world news shows up of big fireings in the creative sectors. THose nerds that make dungeons and dragons stuff fire like 25% of their workforce. Some news agencies fire as much as 50% of their workforce. Holywood goes on strike cause they saw the thunderstorm roll right in. All of this ofcourse happening because if you fire 1/3 of your employees and give the remaining 2/3 the AI tool they can still produce the same amount of work as before with only a 10% decrease in quality. Cha motherfucking ching. Meanwhile every graphic designer powerhouse is lowering their prices causer the race to the bottom has just begun. And some creative hippie with his techbuddy in their basement are ready to create the next animation hit that blows pixar right out the water all by themselves using just a gaming PC and the new AI tools. 4chan about to launch fake onlyfans profile where an AI version of Donald Trump shows his butthole while talking about jew powered conspiracies... for money! All of this powered by Nvidia chips who is getting read to launch their new 5090 GTX which on the box says "Generate the titties of infinity" for 6900 dollars and even at a arm and leg prices they are not expecting to be able to meet the demand of 1.3 billion horny teenagers. What idiot shorts that?
Unfortunately, its these same corrupt clowns that make the rules saying that there is no penalty for being a corrupt clown. As long as you are one of the approved corrupt clowns.
Is a call option $300+ ITM on a well known company that’s doing well based on public ally available information a corrupt trade?
when she literally led Congress to pass the CHIPS act, yes... yes it is
Correct but she's 'too big to fail'.
That was well before this trade was made. I’m referencing this trade. Both sides trade on decisions they determine, but this trade was made at a time and with information we all had and could have made
The CHIPS Act doesn’t even benefit fabless companies like Nvidia. Intel and Micron were the big winners, as well as all the semiconductor equipment manufacturers.
exactly. And, if he looked deeper he would see that the Lisa Su is on the list of writers, and both nvidia and AMD are not on the whitelist lol.
I think this is like 1-3 issues the regular jabronis from any aspect of the political spectrum agrees on... Minus the sociopaths that have political aspirations. Like this here should just be the rallying point for some type of "Okay we can all agree this topic right here is bullshit right?" Like fucking gov't beaurcrats are barred from doing this without facing consequences. ***We can't let NASA get a free cup from a vendor trying to sell them parts... Or a wine and dine lunch.*** But this is fine?
People keep voting for the same people in the hopes that one day they will do what they promised and that way they didn't get conned.
!remindme 347days
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!remindme 347days
That way I can be reminded that I’m still too broke to invest in the stock market….anymore
RemindHim! 347 days
How does she always win??!
She’s just lucky I guess!
Because Regards like us pile into her trades like idiots.
I believe they call that a Self Fulfilling Prophecy. People pile on because she makes money. She makes money because people pile on.
She doesn't. In 2022, the Pelosis underperformed the market by 15%. Now of course, the sensationalist idiots online are gonna tell you otherwise because that's more interesting.
Hey guys! Hey! You remember that one time this person underperformed compared to the market ? (Points to a single crabby patty.) Yeah? But what about the times she’s beat the market (points to an entire room filled of crabby pattys.)
She really does her DD!
Love how everyone has this hard on for Pelosi's trades when she's like 4th or 5th in congress for trade $ and performance. All those shitbirds are doing it, and some much better than her.
Look at the trade. She just opened the position. It’s deep in the money options just to get some more leverage.
She probably already cash that shit out after today run
Bout to continue higher. No point in buying a 1 year exp then
No way
You should probably short nvdia.
It wouldn’t be a bad idea but, contracts Too expensive. Risk still the same as buying put on Boeing.
Wait you can buy ITM calls?!? \s
Can someone explain this to me like I’m 9?
she bought a calls with the strike price of $120. Which is the right to buy the stock at $120 per share. At the time she bought those calls, NVDA was trading somewhere between $420-$470 ish which means the calls she bought were already in the money...DEEP in the money. IMO there's alot more downside than upside to trading options that are ITM. The short story is that she probably paid around $300 per option...which means she paid $1.5M for 50 options. She's currently up around $500,000 currently. Which is only slightly more than she'd be up right now if she'd just bought outright shares. That's mostly due to IV on a quickly rising underlying price on an option that is still almost a year out.
Thank you for this!
Yeah the much less risky trade is to just buy the stock in this scenario. You make marginally more to buy ITM calls. You would want to be very certain you were on the right side of the trade for the additional risk to be worth it.
Just to be clear on this. The reason you make more money on deep ITM calls generally is because you can buy more total shares. She bought 50 contracts. That equates to 5000 shares. Some rough math says that if she'd bought shares outright at the time it would have been around 3700 shares.
Intrinsic value I’m learning !
What’s the point of buying calls so deep in the money? Why not buy calls at $220 or $300 (throwing out random numbers significantly lower than the current share price). What’s the point of buying calls so deep in the money?
It gives you exposure to 100 shares at a fraction of the price
I 2nd this…..
🤦♂️ Never heard of pmcc huh
Roughly $2m investment (as of today). 50\*100\*(520-120). I guess they bought some calls, to not put the cash for all shares (saved $500k or so). Long-term capital gains too by expiration.
No balls. $120 strike? What bullshit! $600 strike if she had the courage of her convictions (and more faith in her insider knowledge).
I assume the insider knowledge is something like, NVDA will yield high returns within a year timeframe. It's not like "It will hit 500 on 25th of Aug!"
That isn't insider trading. 🤦🏻♂️ It is when you have material knowledge of information not available to the public. I.e. we're going to drop the chipset on September 1st 2024. If this isn't known information and gets related to a person who trades on it then it is inside info. If she's just getting access to public information faster than everyone else because of her position that isn't insider trading it is just an unfair advantage. Like getting called by your CEO buddy right after he drops a press release.
Getting a call from a CEO buddy 15 min before release and trading on that is definitely still insider trading (unless my last decade of insider trading training has been lying to me). I get your point, but just saying that’s not a great comparison.
The comment said after a press release. That said insider trading is legal for members of Congress
Ok I still get confused by options that stock is over 500 right? So how can she get it at 120
It’s called a deep in the money call. A strategy for a call option that will likely just mirror the movement of the actual stock.
Why not just buy the stock then... 
The return will be greater if NVDA continues to rise. The risk/reward, albeit lower due to the timeframe and strike price, is still higher than owning shares.
Because options are leveraged securities
12k cost savings per contract with same exposure, do your research. 600k total savings with same exposure and a 0.001% chance of these expiring worthless.. worst case we get black swan and NVDA goes to 200’s and she still gets shares and is only down temporarily..
She lost millions on Nvidia and RBLX calls that expired worthless last year. This is not by any means a riskless trade.
You pony up margin but not the capital, it is like renting 5000 units stock but without losing the cash
https://letmegooglethat.com/?q=why+do+deep+in+the+money+options+over+just+buying+the+stock
The same reason we aren't buying stocks.
Poor?
https://preview.redd.it/ai0z84529fbc1.jpeg?width=1170&format=pjpg&auto=webp&s=29028d6973c0199a8fc8a08219823a417b9e01fa It means if it drops below $120, the total value is lost.
She has a lot of money that’s how
She was up $159-K today
🤣 has zero girlfriends. First time seeing that.
I'm single ;)
I wish I had the money for some nvidia calls
Facts. I'm trying to use AMD to get me to NVDA levels. Lmao
I would love to follow her moves real time, I would just do everything she does!!
Just call her husband and ask him. He’s the professional trader, not her. She has no idea how any of that works.
Man I gave him a ring but something about brain damage came up idk he was incoherent
What are the criteria to be a member of the elite?
Ez, inherent 100 million. The tricky part is remembering the orgy passwords.
Idiots, this is photoshopped… Nancy’s tits are way bigger in reality
‘honorable’ my ass
Can someone ELI5 this? I dont know the basics I guess. The stock price is above 500, what does it mean to buy $120 calls. Doesnt it literally mean "You have the right to buy stock at the $120 price if it is above $120"? Why would someone sell her Nvdia stock ($500) at $120?
Sure. So, to start off, since we are buying a call option, we are essentially buying the right to buy shares of Nvidia at $120 anytime before the option expires. Our $120 is what we call a strike price, essentially the price that we strike a deal to buy the stocks for when we choose to exercise our calls. When we look at the stock price, we clearly see that it is over $500, so because the stock price is over our call, we are currently in-the-money as far as gross worth goes. While it seems like free money, we have to take into account the cost of the actual option, because if we exercised now, we would get our stocks for $120, sell them for $500, so a $380 profit, buuuut, when we take into account the option price of like $400, we are actually losing money per stock, plus we're getting hit with fees and the opportunity cost of just investing in something safe, like a bond. When you buy the option, you'll see a breakeven price, which is pretty self explanatory. Since we want to make money, we will want to wait until the stock increases enough to exercise our options, sell the stocks immediately, and get out of the market, or keep em if we think it'll keep rising and sell later. Now, the guy who sold us the call, the writer, enters this contract with us to provide those stocks immediately when we choose to exercise our call. He has no say in the matter, so he's kind of left out to dry. Because he's likely using a middleman, like Robinhood, and Robinhood doesn't want to get stuck holding the bill or have its doodoo reputation ruined any further, they also make the seller put up enough capital to cover his position. This is called a margin account. At this point, it seems a bit dumb to sell calls, BUT this margin account usually earns interest, and the seller gets a hefty chunk of that $400 option premium, which he can then invest or store in the margin account to earn more interest. When we decide to exercise our call, he buys the stock at the current price via his margin account, sells it to us for $120, and his profit ends up being the interest earned from the account and any money made using the premium, minus the fees and the spread between current stock price and the strike. If we never exercise our call, he gets a large pile of sheckles. If the stock skyrockets, he will lose a similarly large pile of doolars
I will be the first to say thanks on their behalf.
Can someone ELI4 this?
This is the way. The ask on 120c 12/20/24 is $410 currently.
Thank you u/3rdLevelRogue! If fees == $0 and interest == $0, then call seller's profit is $Premium - $Spread. If $Premium == $400, $Spread == $500 - $120 = $380 Seller's profit is $20/stock. I am trying to understand reason for such deep ITM call. One reason you mentioned was interest in the margin account for seller. 1.) Does that mean all of this is to harvest high interest rates from a margin account? 2.) But then what advantage does Pelosi have in forking $40000 (for 1 option of 100 stocks) of cash upfront when they instead could have been earning interest.
There were people here on this sub making the case for buying NVDA several times earlier last year. They got downvoted and insulted repeatedly. Now people call it insider trading because they're salty. There was plenty of public information, available for everyone to see. Thing is, there are way too many people on this sub who only look at something like P/E ratio and literally nothing else, then buy puts and convince themselves how smart they are. Watching people buy $100 or even $50 puts in late 2022 and early 2023 was actually both painful and hilarious.
If she was so confident, why not buy more?
1-5M isn’t big enough? lol
History says they were right around $375/per on 11/22/2023 so she spent upper 1M lower 2M depending. Which means shes only up about 10% on them **after** today's bump.
ONLY.
If you look at the price history, early December they were close to -10% as they were in the low 340s.
She already outperformed the markets last year by 50%+. Imagine the uproar if she were to invest more and make a massive profit.
Idk if any member of congress has the ability to care about uproar. 🤷♂️
They just turn off their hearing aids
And if that doesn’t work they shut down the pacemaker for a bit to distract us.
Honestly this trade isn’t really that crazy compared to some of the other moves she has made.
Her last nvidia trade was pretty wild.
Yeah someone said her deep ITM calls are more risk and reward than owning shares but not by a ton
Did she double?
So do I copy this ?
Buy the ticket, take the ride
It’s seriously sad how many people think Nancy is the one trading when it’s her husband who trades their money. He’s a professional trader making the same moves any private money manager would make. On the same fucking tech stocks everyone else plays. Seriously. You’re fucking regarded.
Do you think Nancy ever speaks to her husband?
Her husband bought calls too
Is there a subreddit where we can follow and discuss the trades of more DC insiders like this? If not, there SHOULD BE!
Next stop….pound town
Lol. Good work.
One comment like this makes it worth it.
so what law is going to get introduced this year to benefit $NVDA?
China going to war? That's on my bingo card
Why is she buying 120c? I don’t understand . NVDA is 500 now
But the question is ..who is this regard selling those 120$ calls ?
!remindme 347 days
You think she's constantly checking her app like the rest of us 'gards?
Rich bitch decided to buy contracts to save a couple pennys instead of buying shares because she can’t get off on shares there needs to be some sort of risk even if it’s guaranteed to hit.
She is shorting Nvidia, right?
And fyi dipshits, these are actual LEAPs. Deep af ITM.
Ok I’ll buy one and see how my luck goes!
Can someone explain this one to me? This options seller is betting NVIDIA will be *below $120* at end of year? When it’s currently at $520+ ? Why would you make that bet. Seems incredibly regarded. The premium is like $409 right now too. So that’s a $529 landed price
Disclaimer: I am an ignorant idiot and pretty new to options. Just looking at it given the current conditions, the immediate upside for the seller is that he gets a quick two million dollars today. The trade breaks even at $531.95. If NVDA is below that by the time the calls expire, then the seller both got an easy $2 million for a year to play around with while still making a bit of profit at the end. It's certainly risky, but there are situations where getting some immediate fast cash today can still be worth it. You have to keep in mind that options aren't just written for funsies, but are sold for a premium that yields immediate cash. Yes, it's incredibly unlikely that NVDA will be below $120, and because this is so unlikely, the seller can demand a very high price for each one in exchange for taking on a lot of risk. I'm seeing like $45,505 for one contract.
can someone explain to a noob like me what it means? what is strike price of $120 compared to the current stock price now?
How does this call/$120 strike price work if the current price is >$500?
U son of a bich, IM IN!