Nvidia Corporation (NASDAQ:NVDA) shares hit all-time highs Monday, continuing the impressive multi-year run of going from a $1 trillion company to a company worth over $3 trillion.
Many Nvidia employees and investors have been rejoicing in the stock gains over the last year and one of the big winners is a member of Congress.
The purchase was made on Nov. 22, 2023, for 50 call options in Nvidia, with a $120 strike price and an expiration date of Dec. 20, 2024.
The disclosure listed the purchase price range of $1 million to $5 million. Unusual Whales pinned the purchase to a price of $1.8 million.
Nvidia shares traded between $476.90 and $503.35 on Nov. 22, 2023, when the purchase was made. The call options would have been purchased for around $360 each.
Fast forward to today and the options have changed after Nvidia conducted a 10-for-1 split in June 2024.
The options contracts owned by the Pelosis are now 500 call options with a $12 strike price and an expiration date of Dec. 20, 2024.
On Monday, these $12 call options traded at $132.05, valuing the Pelosis’ position at $6,602,500. Based on the estimated cost basis of $1.8 million, the Pelosis are now up $4.8 million on this trade from last November.
