Nancy Pelosi bets up to $6 million on Intel and Uber, public disclosures show

Former House Speaker Nancy Pelosi is once again drawing attention on Wall Street after newly disclosed trades revealed millions of dollars in fresh bets.

According to congressional disclosure filings (1), Pelosi purchased up to $6 million worth of call options on Intel and Uber.

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With each option contract controlling 100 shares, Pelosi now controls over 20,000 Intel shares, with a strike price of $50 until March 19, 2027. She holds the same call option in Uber, with the same expiration date.

Unlike buying shares outright, call options allow investors to control a large number of shares without having to pay the full purchase price. The buyer of a call option has the right, but not the obligation, to call and purchase the stocks. The seller must sell at the predetermined price. The method is favored by e

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/options/articles/nancy-pelosi-bets-6-million-185000334.html)