Nancy Pelosi lost more than her entire 2022 salary on Roblox options

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Nancy Pelosi lost more than her entire 2022 salary on Roblox options

Nancy Pelosi is known as a former Speaker of the House under four different presidents, along with being known as the former Speaker of the House. She is known for her husband's involvement in the trading of stock and options.

While many of the trades by Pelosi s husband Paul Pelosi have been successful, one recent trade cost the former Speaker of the House more than her entire 2022 salary.

What happened in 2021? Technology and growth stocks were some of the favorites purchases of the Pelosis, including an investment in Roblox Corporation RBLX, a video game company.

A new filing shared by CongressTrading.com shows the Pelosis purchase of Roblox options back in 2021 didn't turn into a winning trade.

The Pelosis purchased 100 call options in Roblox on December 20, 2021. The options had a strike price of $100 and an expiration date of January 20, 2023.

The filing said that the Pelosis lost $303,001 with the options being worthless with the shares down significantly from the time of purchase.

The Roblox options were sold between $100,000 and $250,000 of the common stock. The Pelosis sold 5,000 Roblox shares at an average price of $26.05, for a loss of $235,836 on the trade.

Nancy and her husband lost $511,000 on shares of Tesla Inc TSLA in a filing at the end of 2022, which resulted in a large loss on trades at the end of 2022, according to a filing.

The Pelosis have been traders of Tesla many times before, including buying shares before Congress worked on new clean energy initiatives that could benefit electric vehicle stocks.

The amounts of the losses under the memo line have been outlined in recent history by Nancy. When the trades made huge profits, the memo line remained blank.

The recent loss of $303,001 probably won't be significant to the Pelosis, who are worth millions, but is a large loss compared to the former speaker's salary.

Pelosi was appointed Speaker of the House in 2022 and received a salary of $223,500. Pelosi will receive a salary of $174,000. After losing the title of Speaker of the House, Pelosi will get a salary of $174,000.

Why It is Important: Pelosi's disclosure filings show numerous trades throughout the year thanks to her husband Paul, who is a venture capitalist.

She has been the subject of controversy, with several trades coming weeks or months before major events for certain sectors and the passing of legislation that could help stocks her husband has purchased.

The former Speaker of the House has said she does not share any information with her husband ahead of time.

Pelosi was ranked as the sixth best-performing member of Congress for stock and options trading in 2021 based on a report from Unusual Whales. In 2022, Pelosi didn't fare as hot, falling outside of the top 10 and seeing a return of negative 19.8% on the year, according to the report.

Over the last several years there have been increased calls to ban members of Congress and their spouses from the buying and selling of stocks and options.

Senator Josh Hawley R-MO recently introduced the PELOSI Act, which takes aim at the former Speaker of the House and her well-known family trading activity. The Preventing Elected Leaders from Owning Securities and Investment Act is a term that is officially known as the Preventing Elected Leaders from Owning Securities and Investment Act. The bill would ban members of Congress and their spouses from holding or trading stocks.

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