What is Earnings Day?

At the end of each league's season, PROTRADE sets the stock prices equal to the player's or team's total earnings. This event is called Earnings Day.

For example, if Tom Brady's total earnings for the 2007 season are $250 and he is trading at $200 dollars the day before Earnings Day, on Earnings Day his price will be moved to match his actual earnings. Traders who bought Brady at $200 a share will earn $50 per share. Traders who bought him at $300 are going to lose $50 for each share. Earnings Day ties price to performance.

The Earnings Day equalization from current price to actual earnings should be small. Traders will know it is coming and, as the day approaches, will either be selling or buying to protect themselves or capitalize on the change. That activity will move prices closer to earnings.

When is Earnings Day?

• NFL - The first business day after the Super Bowl.
• NCAAF - The first business day after the BCS Championship Game.
• NBA - The first business day after the last game of the Finals.
• MLB - The first business day after the last game of the World Series.
• NCAAB - The first business day after the Championship game.
• Golf - The first business day after the Tour Championship.
• NASCAR - The first business day after the Sprint Cup Season.

What happens after Earnings Day?

After stock prices are set equal to the team or player's fantasy earnings, the price will not move up or down. You can sell your positions to free up the cash. New stocks will be IPO'd with new prices before the season starts.