Former House Speaker Nancy Pelosi has disclosed a notable stock transaction worth up to $5 million involving semiconductor giant Broadcom (NASDAQ: AVGO).
According to a Periodic Transaction Report filed on June 20, Pelosi exercised 200 call option contracts originally purchased last year, giving her the right to buy 20,000 shares of Broadcom at a strike price of $80 per share. The reported transaction amount falls in the range of $1,000,001 to $5,000,000.
Since buying the options in June 2024, Broadcom’s stock has surged about 70%, making the trade highly profitable. By exercising the options, Pelosi locked in shares at the lower $80 strike price, well below the current market value.
Call options give buyers the right, but not the obligation, to purchase stock at a set price before expiration. If the market price rises, they can acquire shares at a lower price and profit from the difference.
AVGO’s impressive 2025 run
It’s worth noting that AVGO has been among the best-performing stocks in recent months. As of press time, Broadcom was valued at $275.40, having rallied almost 19% in 2025.
Several elements have contributed to AVGO’s recent rise, such as surging demand for its AI semiconductors, as highlighted in its recent quarterly revenue.
For the second quarter of 2025, Broadcom reported adjusted earnings per share of $1.58, slightly above the expected $1.56, on revenue of $15 billion, which was roughly in line with forecasts.
For the third quarter, the company projects revenue of about $15.8 billion, topping analysts’ $15.7 billion estimate. Revenue rose 20% year over year, while net income climbed to $4.97 billion from $2.12 billion a year earlier.
Meanwhile, Pelosi’s involvement with AVGO continues to highlight her prominence in the stock market.
The lawmaker has increasingly come under scrutiny for highly profitable purchases, with suspicions that she may have used insider information to initiate her transactions.
However, most of her 2025 picks have largely been in the red, with only three trades from January 2025 turning profitable so far this year.
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