Official filings · 2026 source screen

Congressional options trading: calls, puts and the filings behind them

See the latest option contracts disclosed by members of Congress and their households: who filed, what was bought or sold, the reported value range, strike and expiration when available, filing delay, and the official filing reference.

See latest options Decode calls and puts

Data current through Aug 5, 2026. This is filing-time data, not real-time brokerage data.

The direct answer

Congressional options trading is legal under current federal rules, but it is not invisible.

Members, spouses, and dependent children may hold and trade calls and puts. A qualifying transaction over $1,000 is generally reportable under the STOCK Act. The filing should identify the option, underlying security, transaction value, strike price, and expiration where applicable.

Kapitol's strict 2026 source screen currently identifies 148 option transaction rows across 16 filings from 7 filers: 67 calls and 81 puts. Those are source rows, not 148 unique strategies or member-directed bets.

The most important reading rule: a call is not automatically bullish and a put is not automatically bearish. Buying and selling create different obligations, and the public filing rarely shows the complete portfolio around the contract.

148

option transaction rows

official source filings

congressional filers

call rows

put rows

Scope: first-party House and Senate filings submitted in 2026. Imported 2012–2025 history is excluded. Counts refresh from the filing dataset.

Current disclosure data

Latest congressional options trades

These are the newest option-contract rows in Kapitol's 2026 source screen. The action column deliberately says bought or sold: collapsing both into a generic call or put label would reverse the meaning of some positions.

Select any row to open its full trade detail in the Kapitol Explorer.

The House disclosure archive currently redirects its PDF links away from the filing. House source actions therefore open the exact Kapitol trade record and preserve the official filing ID; Senate source links still open the government filing directly.

Filer	Position	Contract detail	Reported value	Traded	Filed	Source
Tommy Tuberville R · AL · Senate	Bought call CLF	Cleveland-Cliffs Inc Option Type: Call Strike price: $17.00 Expires: 06/21/2024 Strike $17 · Expires Jun 21, 2024	$1,001 - $15,000	May 10, 2024	Aug 5, 2026 817 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought call CLF	Cleveland-Cliffs Inc Option Type: Call Strike price: $17.00 Expires: 06/21/2024 Strike $17 · Expires Jun 21, 2024	$1,001 - $15,000	May 10, 2024	Aug 5, 2026 817 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought call CLF	Cleveland-Cliffs Inc Option Type: Call Strike price: $17.00 Expires: 06/21/2024 Strike $17 · Expires Jun 21, 2024	$1,001 - $15,000	May 10, 2024	Aug 5, 2026 817 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought call CLF	Cleveland-Cliffs Inc Option Type: Call Strike price: $17.00 Expires: 06/21/2024 Strike $17 · Expires Jun 21, 2024	$1,001 - $15,000	May 10, 2024	Aug 5, 2026 817 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought put GILD	Gilead Sciences Inc Option Type: Put Strike price: $70.00 Expires: 11/15/2024 Strike $70 · Expires Nov 15, 2024	$1,001 - $15,000	May 10, 2024	Aug 5, 2026 817 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought put GILD	Gilead Sciences Inc Option Type: Put Strike price: $70.00 Expires: 11/15/2024 Strike $70 · Expires Nov 15, 2024	$1,001 - $15,000	May 10, 2024	Aug 5, 2026 817 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought put GILD	Gilead Sciences Inc Option Type: Put Strike price: $70.00 Expires: 11/15/2024 Strike $70 · Expires Nov 15, 2024	$1,001 - $15,000	May 10, 2024	Aug 5, 2026 817 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought put CLF	Cleveland-Cliffs Inc Option Type: Put Strike price: $17.00 Expires: 01/17/2025 Strike $17 · Expires Jan 17, 2025	$1,001 - $15,000	May 10, 2024	Aug 5, 2026 817 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought call CLF	Cleveland-Cliffs Inc Option Type: Call Strike price: $20.00 Expires: 01/17/2025 Strike $20 · Expires Jan 17, 2025	$1,001 - $15,000	May 10, 2024	Aug 5, 2026 817 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought call CLF	Cleveland-Cliffs Inc Option Type: Call Strike price: $20.00 Expires: 07/19/2024 Strike $20 · Expires Jul 19, 2024	$1,001 - $15,000	May 10, 2024	Aug 5, 2026 817 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought put ARKK	Ark Innovation ETF Option Type: Put Strike price: $45.00 Expires: 09/20/2024 Strike $45 · Expires Sep 20, 2024	$1,001 - $15,000	May 10, 2024	Aug 5, 2026 817 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought put KEY	Keycorp Option Type: Put Strike price: $15.00 Expires: 09/20/2024 Strike $15 · Expires Sep 20, 2024	$1,001 - $15,000	May 9, 2024	Aug 5, 2026 818 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought put ADBE	Adobe Systems Inc Option Type: Put Strike price: $500.00 Expires: 12/20/2024 Strike $500 · Expires Dec 20, 2024	$15,001 - $50,000	May 8, 2024	Aug 5, 2026 819 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought put GOLD	Barrick Gold Corp Option Type: Put Strike price: $17.00 Expires: 01/17/2025 Strike $17 · Expires Jan 17, 2025	$1,001 - $15,000	May 8, 2024	Aug 5, 2026 819 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought put GOLD	Barrick Gold Corp Option Type: Put Strike price: $17.00 Expires: 01/17/2025 Strike $17 · Expires Jan 17, 2025	$1,001 - $15,000	May 8, 2024	Aug 5, 2026 819 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought put XBI	S&P Biotech SPDR Option Type: Put Strike price: $90.00 Expires: 10/18/2024 Strike $90 · Expires Oct 18, 2024	$1,001 - $15,000	May 8, 2024	Aug 5, 2026 819 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought call XBI	S&P Biotech SPDR Option Type: Call Strike price: $100.00 Expires: 10/18/2024 Strike $100 · Expires Oct 18, 2024	$1,001 - $15,000	May 8, 2024	Aug 5, 2026 819 days later	Open filing
Tommy Tuberville R · AL · Senate	Bought put CCJ	Cameco Corporation Common Stock Option Type: Put Strike price: $45.00 Expires: 09/20/2024 Strike $45 · Expires Sep 20, 2024	$1,001 - $15,000	May 7, 2024	Aug 5, 2026 820 days later	Open filing

Reported value is not notional exposure

A $100,001–$250,000 transaction bracket does not tell you the market value of the shares controlled by the option. Contract multipliers, premium, strike, hedges, and other account positions can make the economic exposure very different.

A source row is not a unique bet

One strategy can appear on multiple rows, expirations, or household accounts. The March Khanna filing, for example, repeats matching put contracts across a spouse trust and two dependent-child trusts.

Members of Congress options trading

Who appears in the 2026 filing screen?

This view groups rows by congressional filer. It still does not assign personal ownership: a member files for covered household accounts, and the owner code must be checked in the original document.

Tommy Tuberville

R · AL · Senate

Aug 5, 2026

Filings: 2
Calls: 12
Puts: 18

ADBE AMAT ARKK CCJ CLF CVX FITB +5

30 source rows Latest filing

Ro Khanna

D · CA · House

Aug 3, 2026

Filings: 7
Calls: 41
Puts: 59

AAPL AMD AMZN AVGO CCEP CRH EWA +21

100 source rows Latest record House filing 9116267

Alan Armstrong

R · OK · Senate

Jul 21, 2026

Filings: 1
Calls: 1
Puts: 0

WMB

1 source rows Latest filing

Laurel Lee

R · FL · House

Jul 19, 2026

Filings: 1
Calls: 1
Puts: 2

GE NOK

3 source rows Latest record House filing 20034694

Dan Crenshaw

R · TX · House

Jul 16, 2026

Filings: 1
Calls: 0
Puts: 2

Nancy Pelosi

D · CA · House

Jun 23, 2026

Filings: 2
Calls: 6
Puts: 0

AAPL AMZN GOOGL INTC NVDA UBER

6 source rows Latest record House filing 20034836

Josh Gottheimer

D · NJ · House

Jun 3, 2026

Filings: 2
Calls: 6
Puts: 0

MSFT

6 source rows Latest record House filing 20034693

Options 101 for disclosure readers

A call or put label is only half the position

To interpret congressional options trading, read the contract type together with the transaction direction. The same word can describe opposite market exposures.

Position	Basic payoff	Common interpretation	What the filing still cannot prove
Buy call	Right to buy at the strike; loss normally limited to premium.	Bullish upside exposure.	Whether it hedges another position, exact premium paid, or when it was closed.
Sell call	Obligation to sell or settle if exercised.	Income, capped upside, or bearish exposure.	Whether the call was covered by shares already owned.
Buy put	Right to sell at the strike; loss normally limited to premium.	Downside hedge or bearish trade.	Whether the household owned the underlying stock and was buying insurance.
Sell put	Obligation to buy or settle if exercised.	Income or willingness to buy lower; often neutral-to-bullish.	Cash collateral, other legs, and the complete risk around the contract.

Strike price

The price at which the contract can be exercised. It is not the premium paid for the option.

Expiration

The date the right or obligation ends. Two contracts on the same ticker can behave very differently if their expirations differ.

Owner code

SP means spouse, DC dependent child, and JT joint. The filer name alone does not identify who owned the account.

What the source documents actually show

Six 2026 filings worth understanding

The filings range from large, long-dated calls to small index puts and short-lived FLEX contracts. They also show why “a member bought options” is often an inaccurate summary.

Owner code SP Nancy Pelosi household

Paul Pelosi disclosed long-dated calls in Apple, Amazon, Alphabet, NVIDIA, Intel, and Uber

A filing submitted January 23 reported purchases of 20 call contracts each in AAPL, AMZN, GOOGL, and NVDA. The contracts expire January 15, 2027, with disclosed transaction ranges from $100,001–$250,000 to $250,001–$500,000.

A June 23 filing added 200 Intel calls and 200 Uber calls, both with a $50 strike and March 19, 2027 expiration. The reported transaction brackets were $1,000,001–$5,000,000 for Intel and $500,001–$1,000,000 for Uber. Both filings mark the owner as spouse, not Nancy Pelosi personally.

January filing context House filing 20033725 June filing context House filing 20034836 Pelosi tracker

Bought then sold Daniel Crenshaw

A Meta put round trip disclosed after both legs were over

Crenshaw's July 16 filing reports buying 10 META puts on April 28 “at $11.80” and selling 10 puts on May 5 “at $22.00.” Each transaction falls in the $1,001–$15,000 bracket. The comments do not label those figures as strike prices, so this page does not invent one. The filing arrived 79 and 72 days after the respective trade dates, which puts both rows beyond Kapitol's mechanical 45-day screen.

Filing context House filing 20035024 See the filing-delay screen Crenshaw tracker

SP and DC trusts Ro Khanna household

One scanned filing contains repeated semiconductor puts across three family trusts

Khanna's April 7 image-only filing shows sold puts in AMD, Broadcom, Microsoft, NVIDIA, and Palantir with September 2026 and March 2027 expirations. The same ten contract descriptions recur across the Ritu Ahuja 1994 Trust, coded SP, and two dependent-child trusts, coded DC. Counting those as 30 unrelated strategies would triple-count what the document actually depicts.

Other 2026 Khanna filings include XSP index puts and customized FLEX calls tied to U.S. and international names. Some scanned rows arrive from the source extractor as asset type “other,” which is why Kapitol also checks for descriptions beginning CALL/ or PUT/.

April filing context House filing 9115726 June filing context House filing 9116142 Khanna tracker

Josh Gottheimer · JT

Microsoft calls in a managed joint account

April and June filings report MSFT call purchases and sales with strikes from $320 to $340. The owner code is joint, and the filing identifies a Morgan Stanley Portfolio Management Active Assets account.

Filing context House filing 20034693 Tracker

Laurel Lee · SP

GE and Nokia puts, plus a Nokia call

A July 19 filing marks three spouse-owned option sales: a GE put, a Nokia put, and a Nokia call, each in the $1,001–$15,000 transaction bracket.

View matching trades House filing 20034694

Alan Armstrong · Senate

A large Williams Companies call sale

Armstrong's July 21 PTR reports selling a WMB call with a $75 strike and August 21, 2026 expiration in the $250,001–$500,000 bracket. This page leaves ownership unspecified because the source view, not third-party trackers, controls that fact.

Official Senate filing

The strongest research finding

Academic evidence is most interesting on negative trades, not famous call purchases

A study of roughly 150,000 congressional transactions from July 2012 through May 15, 2023 examined “negative trading”: short sales, inverse funds, purchased puts, and written calls. The authors identified 20 members with options positions that created negative exposure, covering 587 trades with about $15.5 million in reported transaction value.

Those negative trades were associated with positive abnormal returns, with the strongest reported effects over roughly 10 to 15 trading days and magnitudes around 1% to 2%. The same pattern did not appear for ordinary long positions. That is evidence of a statistically unusual association; it is not proof that any named lawmaker traded on material nonpublic information.

The limitations matter. Congressional filings do not reveal a complete portfolio, and the study notes that strike prices were sometimes unavailable. Without every hedge and account position, an apparently bearish put could be insurance rather than a standalone directional bet.

~150K

transactions studied

members with negative option exposure

587

negative option trades

~$15.5M

reported value

Harvard Law School Forum summary Published Indiana Law Journal paper Broader performance evidence

What the law requires

What an options disclosure should show—and what it still hides

House Ethics guidance treats options as reportable securities and instructs filers to identify the contract and underlying asset, report its value, and include strike and expiration details. That is better than a ticker-only row, but still far short of a brokerage statement.

Usually visible

✓Call or put, if the form or description is complete
✓Underlying ticker or security description
✓Buy, sell, or exchange and the transaction date
✓Broad transaction-value range
✓Strike, expiration, and owner code when properly entered

Usually missing or incomplete

×Full portfolio and offsetting option legs
×Exact premium paid or received in many filings
×Notional exposure and collateral
×Whether a sold call was covered or a put was a hedge
×The trade in real time; disclosure can arrive weeks later

House financial disclosure guide

Official option-definition and reporting instructions.

House PTR deadline calculator

The 30-days-after-notice and 45-days-after-trade rule.

Senate disclosure guidance

Official timing and transaction-threshold guidance.

Why congressional options trackers disagree

There is no clean government options API. House and Senate disclosures arrive in different formats, some House reports are image-only scans, and the source vocabulary is inconsistent. A reliable list needs explicit inclusion rules.

Asset types are inconsistent

The same concept can appear as OP, Stock Option, option, or other. Image-extracted FLEX contracts may expose their type only through a description beginning CALL/ or PUT/.

Naive keyword searches create false positives

A private fund “capital call” is not a call option. A bond with “call make whole” language is not an options trade either. Kapitol includes recognized option asset types and contract descriptions that start with CALL/ or PUT/, rather than matching the word call anywhere.

Row count, contract count, and owner count differ

One filing can repeat the same contract across accounts or list several expirations. This page counts exactly what it claims: source transaction rows, distinct source filings, and distinct congressional filers.

Policy consequence

Any real congressional trading restriction has to name derivatives and households explicitly

A rule that bans only purchases of common stock can leave economically similar exposure available through calls, written puts, inverse funds, or customized contracts. A rule that applies only to the member can shift activity into spouse, joint, or dependent-child accounts.

H.R. 7008 passed the House on July 22, 2026, but it is not law. Its treatment of covered securities, existing positions, sales, family members, and the attached voter-ID language matters more than the shorthand “stock trading ban.”

Read what H.R. 7008 actually passed Compare the active ban bills

Methodology and limitations

1 The screen reads first-party transaction rows from official House and Senate filings submitted in 2026. Imported historical rows are excluded.
2 A row qualifies when its normalized source asset type is OP, Stock Option, or option, or when an image-extracted asset description begins CALL/ or PUT/. The narrow prefix rule excludes capital calls and callable-bond text.
3 Calls and puts are classified from the combined source description and filer comments. Strike and expiration are displayed only when a recognized source format contains them; missing values are not estimated.
4 The public dataset does not currently normalize owner codes into every transaction row. Household ownership statements in the case studies were checked against the original documents; the live table does not infer an owner.
5 The data shows public disclosures, not intent, a complete portfolio, material nonpublic information, or an official ethics finding. A late, large, leveraged, or unusually timed trade is a research lead, not proof of wrongdoing.

Current source-filing range: Jan 23, 2026 through Aug 5, 2026. Production results are cached for up to one hour.

Frequently asked questions

Can members of Congress trade stock options?

Yes. The current STOCK Act disclosure system does not prohibit members of Congress from trading listed options. Covered option transactions over $1,000 generally have to be reported on a Periodic Transaction Report, including qualifying trades by a spouse or dependent child.

Which members of Congress disclosed options trades in 2026?

Kapitol's 2026 source screen currently includes Tommy Tuberville, Ro Khanna, Alan Armstrong, Laurel Lee, Dan Crenshaw, Nancy Pelosi and Josh Gottheimer. This is a list of filers whose public disclosures contain option-contract transaction rows, not a claim that every contract was owned or directed by the member personally.

Are the Pelosi call options Nancy Pelosi's trades?

The 2026 House filings discussed on this page mark the Pelosi option positions with owner code SP, meaning spouse. They are household disclosures commonly searched as Pelosi trades, but the source documents attribute the positions to Paul Pelosi.

Does buying a put always mean a member expects a stock to fall?

No. A purchased put can be a bearish bet or portfolio insurance. A sold put has almost the opposite payoff and can express a willingness to buy the underlying asset at the strike price. Direction cannot be inferred from the word put alone.

Do congressional option disclosures show the full position size?

No. Filings use broad transaction-value brackets and do not provide a live account balance or complete portfolio. The reported range is not the same as the option contract's notional exposure, and some filings omit the premium, contract count, strike, or expiration.

How quickly must an options trade be disclosed?

House guidance generally requires a covered PTR by the earlier of 30 days after the filer learns of the transaction or 45 days after the transaction. Senate guidance also applies a 45-day outside limit to covered transactions over $1,000. Public trackers therefore follow the filing, not the original trade in real time.

What is a FLEX option in a congressional filing?

A FLEX option is an exchange-listed option whose terms can be customized, such as strike, expiration, or settlement style. A description like CALL/AMZN FLEX EURO PM identifies a call contract with European-style exercise and a p.m. settlement convention; it should not be treated as a standard stock purchase.

Where does this congressional options trading data come from?

Kapitol reads official Periodic Transaction Reports from the Clerk of the U.S. House and the Senate electronic financial disclosure system. Senate rows link directly to the official filing. House rows retain the official filing ID and open the matching Kapitol record while the Clerk archive redirects its PDF URLs away from the disclosure. The imported historical archive is excluded from the live 2026 screen.

Options are leverage. Context is the filter.

Kapitol.ai monitors the raw disclosures, verifies the source, and explains the small set of congressional trades with a real timing, policy, or committee angle.

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