Micron Technology (NASDAQ:MU) is one of the best-performing stocks in 2026, joining the $1 trillion market capitalization club earlier this year. Congresswoman Nancy Pelosi (D-Calif.), well-known for her stock portfolio, almost owned shares of Micron for this rally, but missed out on profits instead.
• Micron Technology stock is taking a hit today. What’s weighing on MU shares?
Pelosi Discloses Loss on Micron Trade
Former Speaker of the House Pelosi owned Micron stock options back in 2021, as reported by the Benzinga Government Trades page.
Pelosi disclosed that her husband, Paul Pelosi, bought 100 call options in Micron with a strike price of $50 and an expiration date of Sept. 16, 2022. The trade was made on Dec. 21, 2021, and was disclosed with a cost of $250,000 to $500,000.
While Micron has had a year to remember over the last 52 weeks, the same can’t be said for the year during which the Pelosis owned call options in the chip stock.
The Pelosis later sold the 100 call options on Sept. 16, 2022, with the trade listed as being for between $15,000 and $50,000.
Micron stock traded as high as $91.14 on Dec. 21, 2021, and traded at a high of $53.01 on Sept. 16, 2022, meaning the stock may have lost 71.9% in value during the time the Pelosis owned the call options.
The trade was done at a loss of at least $200,000 and may have lost even more in value.
Instead of selling the call options, which were expiring, the Pelosis could have exercised the options at the $50 strike price for $500,000.
Fast forward to today, and the 10,000 shares the Pelosis could have owned would be worth $9,101,400 based on a $910.14 share price for Micron.
Missed Profits for the Pelosis
While the Pelosis have profited from many of their stock and options trades, Micron will go down as one that not only made a loss, but could have turned into a big profit if they were more patient.
The other famous example of this is with NVIDIA Corp (NASDAQ:NVDA) options.
The couple famously sold their Nvidia stock back in July 2022.
The sale happened after a disclosure of buying Nvidia shares ahead of the CHIPS Act, set to benefit semiconductor stocks, drew scrutiny and increased attention.
In a filing, Pelosi reported selling 25,000 Nvidia shares at an average price point of $165.05. The total sale was valued at $4,126,250. The filing shows that the transaction was at a loss of $341,365.
After a 10-for-1 stock split in June 2024, the Pelosis would have had 250,000 Nvidia shares if they had held onto their stake.
Based on a price of $207.86 for Nvidia shares today, the 250,000 shares would be worth $51,965,000. This means the Pelosis missed out on potential profits of $47,838,750 from their Nvidia sale in July 2022.
Image via Shutterstock
