Representative Robert Bresnahan, who represents Pennsylvania’s 8th District, disclosed substantial options trades this week, revealing purchases in major market-tracking exchange-traded funds. The filing shows Bresnahan executed up to $175,000 worth of call option trades in the $QQQ, $SPY, and $IWM ETFs. Bresnahan stated that all trades were made by financial advisors acting on his behalf.
- The disclosure covers transactions totaling as much as $175,000 across three ETFs representing the Nasdaq 100, S&P 500, and Russell 2000 indices.
- Call options give the holder the right to buy shares at a set price before expiration, typically used to express a bullish outlook on future market performance.
- Bresnahan has now disclosed over $7 million in stock trades this year. These trades are reported under the Stop Trading on Congressional Knowledge (STOCK) Act requirements.
- You can view the full disclosure by visiting his page.
Relevant Companies
- Invesco QQQ Trust ($QQQ) — Tracks the Nasdaq-100 Index.
- SPDR S&P 500 ETF Trust ($SPY) — Tracks the S&P 500 Index.
- iShares Russell 2000 ETF ($IWM) — Tracks the Russell 2000 Index.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
