Best Trader In Congress Wagered $20M In Bets On A Major Tech Company – And He Loves Options
Portfolio Pulse from Chris Katje
Rep. Josh Gottheimer disclosed large transactions in Microsoft Corporation (NASDAQ:MSFT) options, raising concerns due to his previous employment at Microsoft and his current position on financial committees. Gottheimer's trades included buying and selling MSFT calls with values ranging from $1 million to $25 million. He also sold shares of Monster Beverage Corporation (NASDAQ:MNST) and purchased shares of Celsius Holdings (NASDAQ:CELH). These actions come despite his promise to put his assets in a blind trust and multiple violations of the STOCK Act.
December 12, 2023 | 7:28 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Gottheimer's sale of Monster Beverage shares could indicate a lack of confidence in the company, potentially influencing investor perception.
The disclosure of the sale by a prominent congressman might lead to negative sentiment among investors, but the overall market impact is uncertain.
CONFIDENCE 50
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Rep. Gottheimer's large options trades in Microsoft could draw regulatory scrutiny and negative public perception, potentially affecting investor sentiment.
The news of Gottheimer's trades could lead to increased scrutiny and negative sentiment, but given Microsoft's size and market influence, the direct impact on the stock may be limited in the short term.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Gottheimer's purchase of Celsius Holdings shares could be seen as a positive endorsement, potentially affecting the stock's short-term performance.
The purchase by Gottheimer might be interpreted as a positive signal, possibly influencing other investors to follow suit, though the broader market impact is uncertain.
CONFIDENCE 50
IMPORTANCE 60
RELEVANCE 50