Nancy Pelosi buys $2M worth of call options...
#1


I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#2

She bought $80 call options for $70.

Apple now is $148. Means she paid only $2 extrinsic value 9 months to expiry.

It's almost like a margin position at a very low cost of 1% interest....and some downside loss limits protection against a low probability event of Apple collapsing by more than 50%.

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#3



Smile
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