Micron Technology (MU) has been one of the hottest stocks in 2026, recently joining the trillion-dollar club. But for Congresswoman Nancy Pelosi (D-Calif.), it's a story of what could have been.
Pelosi disclosed that her husband, Paul Pelosi, bought 100 call options in Micron back in December 2021. The options had a strike price of $50 and expired on Sept. 16, 2022. The trade cost between $250,000 and $500,000.
At the time, Micron stock was trading as high as $91.14. But by the expiration date, the stock had fallen to a high of $53.01 — a drop of 71.9%. The Pelosis sold the options for just $15,000 to $50,000, taking a loss of at least $200,000.
Instead of selling the expiring options, they could have exercised them, paying $500,000 for 10,000 shares. Fast forward to today, and those shares would be worth $9,101,400 at Micron's current price of $910.14. That's a missed profit of over $8.6 million.
This isn't the first time the Pelosis have left big money on the table. In July 2022, they sold 25,000 shares of Nvidia (NVDA) at an average price of $165.05, taking a loss of $341,365. After Nvidia's 10-for-1 stock split in June 2024, those shares would have become 250,000. At today's price of $207.86, that stake would be worth $51,965,000 — meaning they missed out on nearly $48 million in profits.
While the Pelosis have made plenty of winning trades, Micron and Nvidia serve as reminders that sometimes the best move is to do nothing at all.













