Rich Duprey
5 min read
Quick Read
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Pelosi’s spouse bought Bloom Energy calls worth up to $5M and added Intel options in late July; Bloom Energy surged 49% in the weeks that followed.
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Cramer’s basket didn’t trade as one, with SanDisk falling 6% and Micron dropping 4% on the week while AMD gained 8%.
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Jim Cramer used his Mad Dash segment on CNBC’s Squawk on the Street to flag what he described as outsized call buying, executed through flex calls, across a basket of technology and energy names. He ran through Sandisk, Bloom Energy, Intel, Micron, SK hynix and AMD, and openly asked whether a well-known earlier buyer had returned to the market.
His verbatim question: “A lot of people are speculating that he’s back? I think that someone’s imitating him.” He added, “But these are gigantic buys using flex calls.” Cramer’s own read leaned toward imitation, and he named nobody.
A flex call is a customized listed option that lets an institutional buyer negotiate strike, expiry and exercise style outside standard contract conventions. Cramer’s framing was that a buyer wanted defined exposure to a specific list of names without committing to the underlying shares at that day’s price. As he put it, “maybe someone’s saying, you know what, we got to be in these stocks, but you don’t want to be in today.”
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What the House Filing Actually Shows
A House periodic transaction report attributed to Nancy Pelosi’s spouse, filed in August and covering purchases dated in late July, disclosed a new position in Bloom Energy (NYSE:BE) shares and call options, alongside additional Intel (NASDAQ:INTC) shares and calls that added to a previously disclosed Intel options position. Per Quiver Quantitative’s reporting on the filing, the Bloom Energy calls fell in a $1 million to $5 million band and the Intel options in a $250,000 to $500,000 band.
