Q:
Do I have to Trade when I land on a Trade space?
A:
No. Trading is optional. Q:
What does Trade or Trading mean?
A:
Trade or Trading is the action of Buying or Selling a Stock. Q:
What is a Stock?
A: A Stock is
a certificate that represents an ownership stake in a going business (company).
When you own Stock in a given company, you essentially own a piece of that company. Q:
How many Stocks comprise the market in the game?
A:
Four Stocks. Q: What are
the names of the four Stocks that comprise the market?
A:
Amethyst [A]; Beryl [B]; Carnelian [C]; and Diamond [D]. Q:
What are the letters A, B, C, and D used for?
A:
Each letter is used as a Symbol to represent the corresponding Company Stock.
This method of representing Stocks is used in the real world Stock Market. The
Symbol is usually composed of a combination of letters that are present in the
name of the company. Typically, the first letter of the Symbol is also the first
letter in the name of the company. Q:
What constitutes a Trade?
A: The
Buying or Selling of a given number of shares of Stock constitutes a Trade. Q:
What is a Stock Share?
A: A Stock
Share is the basic unit of Stocks, just as the Dollar is the basic unit of currency
in the United States. Q:
What is the smallest denomination (number) of Shares in the game?
A:
100 shares. Q: How many shares
of a Stock can I trade?
A: You
may BUY or SELL 100, 1,000, or 10,000 shares of any Stock. Q:
Can I trade a denomination of shares that is between the ones allowed, for example:
300 shares of Beryl or 1,700 shares of Diamond?
A:
It is not recommended unless you use a calculator. Q:
What is the difference between a Primary and a Secondary Trading space?
A: A Primary Trading space is one where the word TRADE appears at the top
of the space. As the name implies, it is used exclusively for Trading. A
Secondary Trading space is one where the word TRADE appears at the bottom of the
space. As the name implies, a trade can be made, but only after the instructions
for the space are executed first. Q:
Can I make a Market Trade when I am not on a Trade space?
A:
Generally, No. Market Trades are allowed only when you land on a Trade space.
The only exception is when you need to raise cash for a payment and no other player
is willing to trade with you; in this case, you must pay the Bank a flat commission
of $1,000 for each transaction (trade) you make. Q:
Can I trade with other players?
A:
Yes. You may trade with other players at any time. However, etiquette suggests
you do so on your turn or between turns. Q:
What are the two Basic Trades?
A:
BUY and SELL. Q: What is
Selling Short?
A: Selling Short
is an advanced form of trading that is extremely useful when a Bad Rumor is circulating.
This type of trade is for Advanced Players only. Q:
What does it mean to Buy Low Then Sell High?
A:
It means you should sell a Stock at a higher price than when you bought it, so
you will make money. Q: Can
I make more than one trade when I land on a Trade space?
A:
No. You may only make ONE trade unless you are exercising a Stock Option. Q:
What is a Stock Option?
A: A Stock
Option is either a CALL Option or a PUT Option. Stock Options appear as Bulls
& 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 landing on a Primary Trading space and making a trade?
A:
Suppose Mark lands on a Primary Trading space and decides to BUY 100 shares of
Beryl, which is currently trading at $90 per share. So he pays $9,000 (90 x 100)
to the Bank and receives 100 shares of Beryl in return. Q:
What's an example of a player landing on a Secondary Trading space and making
a trade?
A: Suppose Mary lands
on Market News. She reads the Market News card and follows the instructions. Afterwards,
she decides to SELL 100 shares of Diamond which is currently trading at $350 per
share. So she collects $35,000 (350 x 100) from the Bank in exchange for 100 shares
of Diamond. Mary traded after the News affected the market. She is not allowed
to trade before reading the Market News card and following the instructions. 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.
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.
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. | 
