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Pelosi Buys Palo Alto Networks Stock
Posted on 2/27/24 at 8:34 am
Posted on 2/27/24 at 8:34 am
Posted on 2/27/24 at 8:36 am to StonewallJack
He/she got their arse burned then. Palo is down nearly 20% from the call purchase date.
Posted on 2/27/24 at 8:47 am to StonewallJack
We saw that yesterday and couldn't make any sense of it.
This post was edited on 2/27/24 at 8:50 am
Posted on 2/27/24 at 8:51 am to TDTOM
She knows something that we do not....
Posted on 2/27/24 at 8:59 am to slackster
She bought the day of the 20% drop.
Posted on 2/27/24 at 9:39 am to Man4others
Strike price/expiration????
Posted on 2/27/24 at 9:41 am to slackster
The Pelosi portfolio does not lose. Insider information is they way.
Posted on 2/27/24 at 9:50 am to DarthRebel
Posted on 2/27/24 at 9:51 am to slackster
quote:
He/she got their arse burned then. Palo is down nearly 20% from the call purchase date.
No she didn't.
quote:
The investment was made on February 12.
Pelosi also revealed acquiring a call option valued between $100,000 and $250,000. This investment was made on February 21
She's made alot on it based on current price and last purchase.
These calls are also out in Jan 2025.
BTW, I purchased on the drop off too.
Posted on 2/27/24 at 9:54 am to Lake08
$200/ Jan. 17 2025
Pretty sure her total investment was $1.25M. So I would guess she bought at $125.
Pretty sure her total investment was $1.25M. So I would guess she bought at $125.
This post was edited on 2/27/24 at 9:59 am
Posted on 2/27/24 at 10:02 am to BCreed1
quote:
She's made alot on it based on current price and last purchase.
No she hasn't. As of today 2/27 she is underwater on this trade.
Posted on 2/27/24 at 10:14 am to frogtown
quote:
No she hasn't. As of today 2/27 she is underwater on this trade.
Pelosi is not Gumbo Gary day trading , she will net a nice profit.
Posted on 2/27/24 at 10:21 am to slackster
She bought I believe 10-20% more off the earnings call...main reason for the earnings call drop was that a "big" contract had not been signed yet.
They later found out it was a big US Govt Security contract. I bought in yesterday myself.
They later found out it was a big US Govt Security contract. I bought in yesterday myself.
Posted on 2/27/24 at 10:42 am to StonewallJack
Help me understand this.
If she buys call options on the 21st with a strike at $200, the stock was trading at $260ish…..so wouldn’t she pay a premium because she’s already in the money? If she was playing some long game wouldn’t it make more sense to buy a strike a little higher than the current price?
Obviously I’m not an options trader.
If she buys call options on the 21st with a strike at $200, the stock was trading at $260ish…..so wouldn’t she pay a premium because she’s already in the money? If she was playing some long game wouldn’t it make more sense to buy a strike a little higher than the current price?
Obviously I’m not an options trader.
This post was edited on 2/27/24 at 2:19 pm
Posted on 2/27/24 at 11:09 am to Man4others
quote:
She bought the day of the 20% drop.
I read it was 2/12. Earnings drop was 2/20.
Posted on 2/27/24 at 11:21 am to DarthRebel
quote:
Pelosi is not Gumbo Gary day trading , she will net a nice profit.
We are talking as of today 2/27.
Posted on 2/27/24 at 12:17 pm to StonewallJack
quote:
She knows something that we do not...
This
That crooked bitch ain't risking your money (she stole)
for nothing
Posted on 2/27/24 at 1:12 pm to DarthRebel
I did a better job on it this time:
Posted on 5/19/24 at 8:30 am to StonewallJack
Earnings tomorrow after the close. ??
Posted on 5/19/24 at 3:06 pm to SquatchDawg
quote:
Help me understand this.
If she buys call options on the 21st with a strike at $200, the stock was trading at $260ish…..so wouldn’t she pay a premium because she’s already in the money? If she was playing some long game wouldn’t it make more sense to buy a strike a little higher than the current price?
Obviously I’m not an options trader.
It’s a good question.
It depends on the trader’s strategy. The deeper in the money an option is, the more it will trade like the underlying stock (just meaning $ for $ movement). By being deep in the money, as this trade apparently is, the trader has established a sort of synthetic long stock position - only for a significantly smaller amount of capital than if they’d bought the stock. And because U.S. equities trade American style options, the trader can exercise the ITM options at anytime prior to expiration, if they so choose. But typically, traders close the long option position prior to expiration. So basically, you can think of buying a deep ITM call as akin to being long the stock, just for less money. Does that make sense?
As for premium, both in the money and out of the money options will have some amount of premium attached - the amount of premium or option value will be affected by different variables in each case. And without going into a lot of detail, deep in the money options, already being in the money, have more intrinsic value (premium), and less extrinsic. Whereas an out of the money option would have more extrinsic/speculative value (premium) and no meaningful intrinsic value (because it’s not yet in the money). And they’re both going to be affected by implied volatility and the time value (adding to the premium) that the expiration date dictates.
That’s not a complete explanation, but hopefully it’s enough to roughly answer your question, without being overly confusing.
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