Paul Pelosi bets up to $6M on Big Tech before powerful House committee passes sweeping antitrust measures

Former assistant Attorney General for Antitrust Makan Delrahim joins ‘Kudlow’ to discuss how section 230 plays a role in the debate

House Speaker Nancy Pelosi’s husband placed a bet of up to $6 million on Apple, Amazon and Google-parent company Alphabet ahead of a powerful House committee moving forward with bills aimed at reining in the powers of Big Tech.

Paul Pelosi on May 21 spent up to $250,000 on 50 Apple calls that have a strike price of $100 and that expire on June 17, 2022. He also bought 20 Amazon calls, costing up to $1 million, that have a strike price of $3,000 and that also expire on June 17, 2022. 

Ticker Security Last Change Change %AAPL APPLE, INC. 142.02 +2.06 +1.47%AMZN AMAZON.COM, INC. 3,675.74 +164.76 +4.69%GOOGL ALPHABET, INC. 2,523.80 +18.65 +0.74%

On June 18, Paul Pelosi, exercised his Alphabet call options giving him the right to buy 4,000 shares at a price of $1,200 apiece, or $4.8 million. The Alphabet call options were…

Read more…