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TEAM STOCKS

Every NBA and NFL team trades as its own stock. A team stock is valued on how the team plays, not on its players: we rate each final score, adjusted for home court and the strength of the opponent, starting from ESPN's preseason projection. Trading moves the price, the same as a player's, and over time it tends to settle near what the team's results are worth. An average team sits near $100, and a dominant one well above it.

Buy a team you think will keep winning, or short one you think is overachieving. Team stocks trade with the same fee and limits as players and pause while the team plays.

NBA TEAM STOCKS

NFL TEAM STOCKS