‘Maybe Pelosi knows something we don’t know,’ says Charles Payne.
While many investors are fleeing tech stocks, House Speaker Nancy Pelosi (D-Calif.) appears to have placed massive bets on Apple and Microsoft that are suspiciously timed, Fox Business host Charles Payne pointed out.
“Rep. Pelosi just bought a total of 50 out-of-the-money calls an Apple, 150 out-of-the-money calls on Microsoft,” totaling close to $2 million, the economic analyst highlighted Monday.
The purchases evidently happened days ahead of husband Paul Pelosi’s DUI arrest in California last week.
Payne highlighted the bets are so impeccably timed they would make a professional poker player blush.
“Maybe Pelosi knows something we don’t know,” Payne stated, before going on to suggest the Speaker of the House may have some insider knowledge.
“Sadly not many Americans have the same luxury that she has. I got to tell you something, people are upset about it. They don’t like the idea of these folks in Washington, D.C. being able to make gargantuan bets like this particularly when they have information the rest of us don’t have.”
Pelosi nearly spat out her vodka last December when asked by a reporter point-blank whether lawmakers should be banned from trading individual stocks while serving in Congress.
“No…We are a free market economy. We are a free-market economy and they should be able to participate in that,” Pelosi said.