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.

Data current through Jul 21, 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 110 option transaction rows across 13 filings from 6 filers: 51 calls and 59 puts. Those are source rows, not 110 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.

110

option transaction rows

13

official source filings

6

congressional filers

51

call rows

59

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
Alan Armstrong

R · OK · Senate

Sold call WMB

Williams Companies, Inc. (The) Common Stock Option Type: Call Strike price: $75.00 Expires: 2026-08-21

Strike $75 · Expires Aug 21, 2026

$250,001 - $500,000 Jun 22, 2026

Jul 21, 2026

29 days later

Open filing
Laurel Lee

R · FL · House

Sold call NOK

Call option

$1,001 - $15,000 Jul 6, 2026

Jul 19, 2026

13 days later

View Kapitol record House filing 20034694
Laurel Lee

R · FL · House

Sold put NOK

Put Option

$1,001 - $15,000 Jul 6, 2026

Jul 19, 2026

13 days later

View Kapitol record House filing 20034694
Laurel Lee

R · FL · House

Sold put GE

Put Option

$1,001 - $15,000 Jun 16, 2026

Jul 19, 2026

33 days later

View Kapitol record House filing 20034694
Dan Crenshaw

R · TX · House

Sold put META

Meta Platforms, Inc. - Class A Common Stock

$1,001 - $15,000 May 5, 2026

Jul 16, 2026

72 days later

View Kapitol record House filing 20035024
Dan Crenshaw

R · TX · House

Bought put META

Meta Platforms, Inc. - Class A

$1,001 - $15,000 Apr 28, 2026

Jul 16, 2026

79 days later

View Kapitol record House filing 20035024
Ro Khanna

D · CA · House

Sold put XSP

PUT/XSP @ 705 EXP 08/14/2026

Strike $705 · Expires Aug 14, 2026

$1,001 - $15,000 Jun 25, 2026

Jul 1, 2026

6 days later

View Kapitol record House filing 9116206
Ro Khanna

D · CA · House

Sold put XSP

PUT/XSP @ 710 EXP 08/31/2026

Strike $710 · Expires Aug 31, 2026

$1,001 - $15,000 Jun 18, 2026

Jul 1, 2026

13 days later

View Kapitol record House filing 9116206
Ro Khanna

D · CA · House

Bought call UBS

CALL/UBS FLEX EURO PM @ 47 EXP 06/12/2026

Strike $47 · Expires Jun 12, 2026

$1,001 - $15,000 Jun 12, 2026

Jul 1, 2026

19 days later

View Kapitol record House filing 9116206
Ro Khanna

D · CA · House

Bought call AMZN

CALL/AMZN FLEX EURO PM 245 EXP 06/05/2026

Strike $245 · Expires Jun 5, 2026

$1,001 - $15,000 Jun 5, 2026

Jul 1, 2026

26 days later

View Kapitol record House filing 9116206
Ro Khanna

D · CA · House

Bought call NVDA

CALL/NVDA FLEX EURO PM 205 EXP 06/05/2026

Strike $205 · Expires Jun 5, 2026

$1,001 - $15,000 Jun 5, 2026

Jul 1, 2026

26 days later

View Kapitol record House filing 9116206
Ro Khanna

D · CA · House

Bought call ODFL

CALL/ODFL FLEX EURO PM 235 EXP 06/05/2026

Strike $235 · Expires Jun 5, 2026

$1,001 - $15,000 Jun 5, 2026

Jul 1, 2026

26 days later

View Kapitol record House filing 9116206
Ro Khanna

D · CA · House

Bought call AAPL

CALL/AAPL FLEX EURO PM 285 EXP 06/05/2026

Strike $285 · Expires Jun 5, 2026

$1,001 - $15,000 Jun 5, 2026

Jul 1, 2026

26 days later

View Kapitol record House filing 9116206
Ro Khanna

D · CA · House

Bought call MS

Call/MS Flex Euro PM @ 187.5 EXP 06/05/2026

Strike $187.5 · Expires Jun 5, 2026

$1,001 - $15,000 Jun 5, 2026

Jul 1, 2026

26 days later

View Kapitol record House filing 9116206
Ro Khanna

D · CA · House

Sold put XSP

PUT/XSP @ 715 EXP 08/07/2026

Strike $715 · Expires Aug 7, 2026

$1,001 - $15,000 Jun 4, 2026

Jul 1, 2026

27 days later

View Kapitol record House filing 9116206
Nancy Pelosi

D · CA · House

Bought call UBER

Purchased 200 call options with a strike price of $50 and an expiration date of 3/19/27.

Strike $50 · Expires Mar 19, 2027

$500,001 - $1,000,000 May 29, 2026

Jun 23, 2026

25 days later

View Kapitol record House filing 20034836
Nancy Pelosi

D · CA · House

Bought call INTC

Purchased 200 call options with a strike price of $50 and an expiration date of 3/19/27.

Strike $50 · Expires Mar 19, 2027

$1,000,001 - $5,000,000 May 29, 2026

Jun 23, 2026

25 days later

View Kapitol record House filing 20034836
Ro Khanna

D · CA · House

Sold put XSP

PUT/XSP @ 710 EXP 07/24/2026

Strike $710 · Expires Jul 24, 2026

$1,001 - $15,000 May 28, 2026

Jun 9, 2026

12 days later

View Kapitol record House filing 9116142

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.

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
META
2 source rows Latest record House filing 20035024

Ro Khanna

D · CA · House

Jul 1, 2026
Filings
6
Calls
37
Puts
55
AAPL AMD AMZN AVGO CCEP CRH EWA +21
92 source rows Latest record House filing 9116206

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.

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

20

members with negative option exposure

587

negative option trades

~$15.5M

reported value

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

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.

1

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/.

2

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.

3

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.”

Methodology and limitations

  1. 1 The screen reads first-party transaction rows from official House and Senate filings submitted in 2026. Imported historical rows are excluded.
  2. 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. 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. 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. 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 Jul 21, 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 Alan Armstrong, Laurel Lee, Dan Crenshaw, Ro Khanna, 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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