Why We Dig These Details

JC Parets
March 4, 2022

Today’s Hot List is not as sexy at the headline level as yesterday’s, when we reported Speaker of the House Nancy Pelosi’s latest stock transactions.

But there’s always good information below the surface.

Just to recap, Speaker Pelosi’s most recent Periodic Transaction Report filed with the Clerk of the U.S. House of Representatives, which dropped just this week, includes five moves completed on January 21 and January 27, 2022.

On January 21, she exercised 50 call options on American Express $AXP for 5,000 shares at a strike price of $80, with a total reported value between $250,001 and $500,000.

She made a similar move with PayPal $PYPL, exercising 50 call options at a $100 strike price, with a reported value $500,001 to $1,000,000.

She also exercised 100 call options on both Apple $AAPL and Walt Disney $DIS, at strike prices of $100, each with a reported total value of $1,000,001 to $5,000,000.

On January 27, Pelosi, third in the line of succession to the presidency, bought 10,000 shares of AllianceBernstein $AB, a reported dollar amount between $250,001 and $500,000.

Welcome to The Hot Corner

This daily report covers all the latest insider transactions and options market splashes.

There’s no magic to what we’re doing here. We’re just digging out details and data.

Some may find it a little dirty, particularly what elected officials and government authorities are able to do to boost their personal portfolio performance. 

In fact, there’s a movement out there to make the kind activity Nancy Pelosi engages in illegal.

Personally, we don’t care about that. For us, all it is is information. And we can use that information to boost our own personal portfolio performance.

Here’s The Hot List with data through March 3, 2022:

Durable Capital Partners purchased another $14.6M worth of shares in Clear Secure $YOU this week. Durable’s position is now more than 2% of its assets under management, and it represents an ownership stake in YOU of 11.5%.

The CEO of James River Group $JRVR bought more than $1 million of his own stock as it was making a new all-time low on Wednesday. The move represents a strong vote of confidence for this out-of-favor insurance stock.

One of the main themes in our insider data the past few months is the frequency and consistency of cyclical stocks appearing on the list.

Today is no different, as there was bullish call activity in the copper miner Freeport-McMoRan $FCX for the second time in less than two weeks. 

Yesterday’s splash was for 5,000 contracts in May 20 out-of-the-money calls. Like options traders, we’re bullish on FCX as well. 

Last but not least, the exploration & production stock Range Resources $RRC also experienced some bullish call flow.

Stay tuned. We'll be back Monday with more insider action!

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And as always, feel free to reach out with any questions. We love hearing from you!

Allstar Charts Team.

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