*** Protecting the Timely Delivery of Mail - House Oversight Hearing - Thread 2***

[Mersky]

120. It means he has sh*t for brains

And his ethics are none better.

Covered calls are when you buy an opposing option contract to mitigate potential losses on future gains when you go to sell stocks.

And, I don’t care if he did an iron condor banana split salad play on his Amazon stock some reasonable time before he took the position on June 15th (the day after tRump’s birthday, btw).

What is unacceptable is that made those trades a WEEK AFTER taking the job June 22-24. He got to poke around at USPS and basically place those trades with some powerful insider information.

He hasn’t lost any freakin’ money - those options don’t expire until Oct 16 and means he can retroactively purchase the shares for $1, 960. Amazon was trading above $3,300 today! He could exercise that contract anytime and be up nearly 70%! That is insane.

He has very recent financial incentive to degrade the USPS. He deserves to be turned upside down and shaken by investigators.

From the CNN article up above:

On June 24, DeJoy divested those shares, but the same day he bought a new financial interest in the company, purchasing between $50,000 and $100,000 in stock options for Amazon. The stock options, which expire on October 16, give DeJoy the right to buy shares of Amazon at a price of $1,960 per share. Shares in Amazon are currently trading at more than $3,100.
"It's another conflict. He's got the option to buy. That means he's gambling that Amazon's value is going to go up," said Marcus Owens, a former top IRS official with decades of experience dealing with federal ethics rules. "Why is he investing in a competitor to the enterprise that he's supposed to be managing? This is a classic case for investigation by an inspector general."