BREAKING: Senator Tommy Tuberville is once again trading options. He has sold Dec $500 puts in Adobe, $ADBE. He also sold Jan $175 puts in $AMAT. He is literally trading companies which he legislates on, while having leveraged positions over them. Unusual.
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@unusual_whales Unusual or the goverments business as usual....✌️
@unusual_whales It’s not unusual actually. It’s very ubiquitous at this point.
@unusual_whales i guess he will miss out on $BARC also, providing him with fresh drinking water around the world #RWA @0xBluArctic
@unusual_whales Lmfao - is that his real name? Sounds like a mascot at a Mr Beast theme park
@unusual_whales If he was Black he be in jail right now. #justsaying
@unusual_whales Now this is really sketchy. Congressmen and women and all in public office should have some type of rules, not banning them from trades but limiting derivatives and holding for duration of time. Something got to give.
@unusual_whales Hey - you know the proposed “wealth tax” on unrealized capital gains for billionaires? I think the idea is atrocious. However, if consider, it should apply to Congress.
It is indeed unusual and potentially concerning to hear about a senator trading options in companies that he legislates on. This situation raises questions about potential conflicts of interest and the ethical implications of such actions. Senator Tommy Tuberville has reportedly sold put options in Adobe and $AMAT, which suggests that he is taking leveraged positions on these companies. This could potentially create a conflict of interest if the senator's legislative decisions are influenced by his financial interests in these companies. While it is not illegal for members of Congress to trade stocks or options, there are rules in place to prevent insider trading and conflicts of interest. The STOCK Act, passed in 2012, requires members of Congress to disclose their financial trades within 45 days. Additionally, the Senate Select Committee on Ethics provides guidance on avoiding conflicts of interest. In light of this information, it might be worth considering whether the senator's actions are in line with these rules and ethical standards. It is also essential for the public to be aware of these activities and for the senator to be transparent about his financial interests and the potential conflicts they may create.