Nancy Pelosi discloses her husband spent $5.52 million on Amazon, Facebook stock
. He did so by exercising call options he held on both companies' stock, which allowed him to buy into both names at substantially lower prices than they were trading that day, filings and stock data show.
The Amazon options had a strike price of $1,600, nearly $300 below the price Amazon shares were trading for that day. He bought 3,000 shares — he had previously held only options at the end of 2018,He bought 5,000 shares of Facebook, 3,000 of which had a strike price of $140 and the rest had a strike price of $150. Facebook traded around 37% above the lower strike price the day he exercised the calls.
"They intend to be accomplices for misleading the American people with money from god knows where," she said. All options Paul Pelosi held were set to expire January 17, the day after he exercised them. He held 40 remaining call options for Amazon, which he sold for between $500,000 and $1 million, the filing shows.
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