Mirrors public STOCK Act disclosures into options. Updated 00:16:38 EDT.
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Decisions
BE
synthesize
mirroring Nancy Pelosi
signal decayed
1 × $20.71
$2,071
conviction 0.45
BE270617C00175000 · filled
Pelosi's disclosed structure is a deep-ITM June-2027 LEAP call as stock replacement, but any outright June-2027 contract here costs $6,100-$8,100 versus a $5,000 budget, and the only sub-budget outrights are 100%-time-value OTM calls at ~88% IV - exactly the vol-and-theta risk the filer didn't take. So I replicate with a June-2027 175/230 vertical: long delta 0.75 with the lowest time-value share (56%) and the best OI in the June chain, financed by selling the 230, cutting the debit to ~$1,970 per spread and trimming net vega. Cost is a cap at 230 (+9%), which is the main concession since BE has already run +13.9% since the trade date and the filer's $100-strike thesis clearly wanted more, hence only moderate conviction.
INTC
synthesize
mirroring Nancy Pelosi
2 × $14.59
$2,918
conviction 0.68
INTC270115C00090000 · filled
A ~$900k, 10,000-share concentrated buy is one of the stronger purchase signals available, and the underlying is actually 3% BELOW the filer's entry, so essentially none of the edge has been consumed - we get a better price than she did. Pelosi's expressed style is stock replacement via long-dated, high-delta calls; the deepest ITM LEAPS aren't listed here, so the closest faithful expression is the at-the-money Jan-2027 $90 call - 138 days for the semis/foundry thesis to play out, ~0.55 delta, with strong liquidity (OI 5.4k, ~4% spread). Shorter-dated Sep/Oct contracts would be a theta trade rather than a stock proxy, and the Feb/Mar 2027 strikes add cost without materially more usable runway.
INTC
replicate
mirroring Nancy Pelosi
1 × $21.65
$2,165
conviction 0.68
INTC270617C00090000 · filled
Pelosi's filing explicitly names a June 2027 call LEAP, and the underlying is actually 3% lower than at her transaction date, so essentially none of the edge has decayed. No deep-ITM $50 strike is listed, so I match the exact expiration (2027-06-17) and take the most liquid available strike at $90 (OI 2836, 1.9% spread) rather than the $85 strike, whose marginally higher delta isn't worth paying a 4%+ spread with a quarter of the open interest. Size is meaningful ($250-500k disclosed) and the filing is 9 days old, supporting solid but not maximal conviction.
Declined on the merits — the strategist looked and said no
TDG
passed
The disclosed purchase is tiny ($1k-$15k), stale by a month, and the only tradable contracts are OTM calls (delta 0.43 and 0.28) that are 100% time value at ~30% IV with 16%+ bid-ask spreads and double-digit open interest. A share purchase carries delta 1.00 and no theta/vega; nothing here approximates that, and the wide spreads alone eat much of any edge. Better to pass than pay for volatility the filer never bought.
LTH
passed
The disclosed buy is at the very bottom of the size ladder ($1k-$15k) and is already 44 days stale with the stock up 3.2%, so there is little informational edge to monetize. The only contract that resembles share ownership (Oct $35 call, delta 0.86, 10% time value) carries an 18% bid/ask spread and 65% IV, meaning execution cost alone would consume most of any modest directional gain; every other listed strike is ATM/OTM with 100% extrinsic value and 41-46% IV, which is volatility risk the filer never took. Better to pass than to pay a wide spread for a low-signal, low-size disclosure.
LTH
passed
The disclosed buy is the smallest bracket ($1k-15k), 40 days stale, and LTH has already drifted +2.9% in the filer's direction, so there is little edge to monetize. The only contract that resembles owning shares (Oct $35, delta 0.86, 10% time value) carries an 18% bid/ask spread - roughly 4% of underlying notional in round-trip friction - which swamps the thin signal; every other listing is OTM with 100% extrinsic at 41-46% IV, i.e. buying volatility the filer never bought. Better to pass than to pay up for a low-information, low-size disclosure.
LTH
passed
Tiny disclosed purchase ($1k-$15k, the smallest reportable bracket) by a filer with no evident edge in LTH, and the report is already 41 days stale. The only contract that actually mimics long stock (Oct $35 call, delta 0.86, 10% time value) carries an 18% bid/ask spread and a 65% IV mark, so round-trip friction likely exceeds the entire expected edge; every other candidate is ATM/OTM with 100% time value, which buys volatility the filer never bought.
LTH
passed
The disclosed buy is the smallest possible tier ($1k-$15k) and the underlying is essentially unchanged (-1.6%), so there is neither size nor urgency in the signal. The only contract that resembles stock exposure is the Oct $35 call (delta 0.86, 10% time value), but its 18% bid-ask spread and 65% IV mean the round-trip friction alone exceeds any plausible edge; every other listed strike is ATM/OTM and 100% extrinsic, which is volatility risk the filer never took.
LTH
passed
The disclosed buy is at the bottom of the range ($1k-$15k) in a mid-cap gym operator with no filing note, so the informational content is thin even though the stock hasn't moved (-0.6%) and the edge is technically intact. The only contract that resembles a share proxy is the Oct $35 call (delta 0.86, 10% time value), but its 18% bid/ask spread would cost roughly twice the entire extrinsic value round-trip, and every other listing is ATM/OTM at 41-46% IV with 100% time value - pure theta/vega risk the filer never took. Better to pass than to pay a wide spread or buy volatility on a minimum-size disclosure.
LTH
passed
The disclosed purchase is at the smallest possible bracket ($1k-$15k) in a mid-cap name, which is about as weak a conviction signal as a buy can be, and the filing is already ~a month stale. The only contract that actually replicates share exposure (Oct $35 call, delta 0.86, just 10% time value) carries an 18% bid/ask spread on a $9.48 premium - roughly $170 of instant slippage per contract - while every other listed strike is 100% extrinsic at 41-46% IV, i.e. buying volatility the filer never bought. No tradable structure here justifies the thin edge.
LTH
passed
The disclosure is a minimum-size ($1k-15k) plain share purchase, so the signal is weak to begin with, and while LTH is actually 4.7% lower than at the transaction date (edge intact), there is no clean stock proxy available: the $45 strikes across all three expiries are 100% time value with 41-46% IV and 0.45-0.56 delta, i.e. a volatility bet the filer never made. The only high-delta contract, the Oct $35 call (delta 0.86, 10% time value), carries an 18% bid-ask spread and an anomalous 65% marked IV on a ~$9.50 premium, meaning roughly $170 of round-trip friction per contract against a low-conviction, small-dollar signal. Friction plus signal size makes not trading the correct answer here.
HUBB
passed
The only tradable contract is a near-ATM 82-DTE call with delta 0.65 and 56% of premium in time value at 37% IV - that is a volatility/theta bet, not the delta-1.00 share exposure the filer actually took. Liquidity is also disqualifying: 16.4% bid-ask on a $44 mid with only 54 open interest means round-trip friction alone eats most of the edge from a modest $15k-$50k disclosure. The stock is 5.9% below her entry so the directional signal has not decayed, but there is no instrument here worth expressing it in.
ENTG
passed
Smallest disclosure bracket ($1k-$15k) from a non-committee-signal filer, and ENTG has already run +15.3% since the 7/30 trade date, so most of the directional edge is gone. Every candidate carries 64-66% IV with 8-16% spreads; even the deepest ITM strikes hold 21-30% of premium in time value, meaning we'd be paying for volatility exposure the filer never took on a plain share purchase. Not worth manufacturing a position for a decayed, minimum-size signal.