Q:
What are the Bulls & Bears Cards?
A:
The Bulls & Bears Cards consist of 36 cards. The instructions on these cards must
be followed when a player lands on a Bulls & Bears space. The Bulls & Bears Deck
is comprised of a variety of cards that include Stock Options, Rock Wreckers,
Gold Maps, and so on. Q:
Why are these spaces named "Bulls & Bears"?
A:
In the Stock Market, a Trader or Investor who is confident the market will rise
in the near future is called a "Bull", and the one who believes the market will
fall is called a "Bear". These terms are also used to describe good news or events
("Bullish"), and bad news or events ("Bearish"). When you land on one of these
spaces, the card you pick may be a Bull Card [Good], a Bear Card [Bad], or a combination
that depends on the circumstances. Q:
Why do graphics of a Bull and a Bear appear on the spaces?
A:
Tradition. Q: What happens
when I land on a Bulls & Bears space?
A:
Step 1: Pick the top card and read it aloud. Step 2: Follow the instructions on
the card. Step 3: Replace the card to the bottom of the deck when appropriate.
Hold on to Options, Rock Wreckers, and Gold Maps until you use them. Q:
Are the instructions on the Bulls & Bears cards easy to follow?
A:
Yes. All of the cards are self-explanatory. However, if you have any questions
regarding Stock Options please refer to the FAQs below. Q:
What is a Stock Option?
A: A Stock
Option is either a CALL Option or a PUT Option. Stock Options appear as Bulls
and Bears cards in the game. Stock Options grant you the right, but not the obligation
to BUY or SELL a specific number of shares of a particular Stock at a specified
price. Q: What is a CALL
Option?
A: A CALL Option allows
you to BUY 100 shares of a particular stock at $50 per share in this game. Q:
When should I "exercise" a CALL Option?
A:
When the price of the given Stock is above $50. Q:
How much above $50?
A: That depends
on your strategy. Q: What
is a PUT Option?
A: A PUT Option
allows you to SELL 100 shares of a particular Stock at $100 per share in this
game. Q: When should I "exercise"
a PUT Option?
A: When the price
of the given Stock is below $100. Q:
How much below $100?
A: That depends
on your strategy. Q: Suppose
I want to exercise a PUT Option and I already own 100 shares of the given Stock;
Can I use them?
A: Yes. If you
already own 100 shares of the given Stock when you "Exercise the Put", you may
use them or you may buy 100 new shares. Either way, you must own 100 shares before
you Exercise the Put. Q:
When does a Stock Option "expire"?
A:
In the Real World, Stock Options have an "Expiration Date". However in this game
all Stock Options are good until the Game Is Over. It is recommended you exercise
the option before the Trading Day Peg reaches Friday or soon afterwards. Q:
What happens when a Stock Option expires?
A:
It becomes worthless and you can no longer exercise it. Q:
Do I have to land on a Trade space in order to exercise a Stock Option?
A:
Yes. You must land on a Trading Space to "Exercise an Option". The single trade
restriction is waived; this permits you to realize an immediate gain. After you
"Exercise the Option", replace the card to the bottom of the deck. Q:
Can I sell Stock Option(s) to make a payment?
A:
If a condition arises where you need to raise cash for a payment, you may sell
the Option Card(s) to another player for a negotiable price. If no other player
is willing to buy your Option Card(s); you may sell each Option to the Bank
for $1,000, provided the given Stock is Trading [neither Halted nor Bankrupt].
In this last case, the B/B must replace the Option Card(s) to the bottom of the
deck. Q: What's an example
of a player exercising a CALL Option?
A:
Suppose Michael has an Amethyst CALL and Amethyst is currently trading at $230
per share. Michael rolls and lands on a Trade space. He decides to "exercise the
CALL" and collects $18,000 [(230 - 50) x 100] from the Bank. Afterwards, Michael
replaces the CALL Option to the bottom of the Bulls & Bears deck.
You see exercising the Amethyst CALL Option above is equivalent to Buying 100
shares of Amethyst at $50 per share and then immediately selling them for $230
per share. Consequently, Michael realized an immediate gain of $18,000. Q:
What's an example of a player exercising a PUT Option?
A:
Suppose Katie has a Carnelian PUT and Carnelian is currently trading at $10 per
share. Katie rolls and lands on a Trade space. She decides to "exercise the PUT"
and collects $9,000 [(100 - 10) x 100] from the Bank. Afterwards, Katie replaces
the PUT Option to the bottom of the Bulls & Bears deck.
You see exercising the Carnelian PUT Option above is equivalent to Buying 100
shares of Carnelian at $10 per share and then immediately selling them for $100
per share. Consequently, Katie realized an immediate gain of $9,000. | 
