Waiver Wire Exchange

How the Waiver Wire Exchange works

The Waiver Wire Exchange (WWX) is a season-long fantasy stock market where NFL players are priced like stocks. You buy shares with virtual capital and your portfolio value rises or falls based on how those players perform each week.Instead of drafting a fixed roster, you trade freely every week, growing your portfolio from opening bell to the championship.

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Scoring

Share prices, weekly settlement & portfolio value

Every player in the market has a share price that starts from his projected fantasy output and then follows his results. In a Live-season league, the projection is the same one behind Rankings and the Assistant Coach, and it works as the bar for the week. The Exchange's own pricing engine asks one question each game: did he clear the bar or miss it, and by how much? Practice (historical replay) leagues price off the season's actual results the same way, since there's no live news to react to in a past season.

Share prices

A player's price starts from his projected output and then follows his results. A strong week moves it up and a weak one moves it down, with limits on both sides. Next week's schedule changes the projection you see in Rankings, but it doesn't change the price, so you never pay extra just because a matchup looks soft.

Settlement as games end

Each player settles at his own final whistle, so you see the new price as soon as his game ends instead of waiting for Tuesday. Your share count never changes. Beat the projection and the price (and your position) appreciates; miss it and it loses value. Tuesday morning ties off the week and posts the next set of prices.

Portfolio value

Your score is the total dollar value of your portfolio at any moment: cash on hand plus the market value of all your holdings. Grow it faster than everyone else and you win the league.

How points are scored

Projections and results both use your league's scoring, so the bar and the score are always measured the same way. Each league picks one when it's created, Half-PPR unless the commissioner chose otherwise. Inside a league, the Scoring chip at the top shows which one you're on.

StatHalf-PPRPPRStandard
Catch+0.5+10
Receiving yards1 per 10 yds1 per 10 yds1 per 10 yds
Receiving touchdown+6+6+6
Rushing yards1 per 10 yds1 per 10 yds1 per 10 yds
Rushing touchdown+6+6+6
Passing yards1 per 25 yds1 per 25 yds1 per 25 yds
Passing touchdown+4+4+4
Interception thrown-2-2-2
Fumble lost-2-2-2
Two-point conversion+2+2+2

Kickers and team defenses score on their own standard scale.

Trading window

The WaiverWire Window

Trading opens every Tuesday after settlement and stays open through gametime each week. That window is your shot to react to injury news, weather, and matchup changes before kickoff locks the market.

Tuesday
Window opens

Last week is tied off and new prices post. Buy, sell, or hold.

Wed to Sat
Active market

React to news, injuries, and matchups as they develop.

Gametime
Window closes

Trading locks. Your portfolio is set for the week.

Glossary

Every stat and badge, explained

The Market and Portfolio tabs pack a lot of info into a small space. Here's what each label, badge, and tooltip actually means: hover any of them in the app for a quick reminder, or come back to this page for the full version.

Price tier (e.g. “Starter”)

Every player sits in one of four price tiers, cheapest to priciest: Sleeper → Upside → Starter → Elite. It's just a label for roughly how expensive that player's shares are. It doesn't set a cap on where his price can go.

What actually governs a weekly move: how far the result sat from the projection. Beat it and the price rises, miss it and the price falls, and the bigger the gap, the bigger the move. There are limits on both sides, so a monster game lifts a share a lot but not without bound, and a bad week can't wipe a share out in one shot either.

Elite is deliberately the rarest tier: a share has to sustain a huge run to get there, so don't be surprised if you don't see it inside a single season. It's more common in a full live-season league that keeps compounding week over week.

Ownership: “Own %”, “flat”, “X long”

Own % is the share of everyone in your league currently holding that player long (an open Buy position) right now.

Under it, +2pp / -2pp is how much that percentage moved since last week (“pp” = percentage points). If nothing changed, you'll see flat instead: no net buying or selling pressure on that player week over week.

“3 long” (or “3 long · 1 short” in leagues with shorting on) is a headcount: how many different league members hold a position in that player, not how many shares. One manager could own several shares and would still only count once here.

Buy (long) vs. short

Buy puts you long: you're betting the player beats their weekly projection. If they do, your shares are worth more after settlement.

Short is the mirror bet: you're wagering they miss their projection. Shorting only appears if your commissioner enabled it, and it borrows against your buying power (margin), so losses can run further than a normal Buy. If a price moves hard against your short, the league automatically buys back just enough of it at settlement to keep your cash covering the position: a margin call, same as a real brokerage.

Price trend (under the Price column)

new: this player has no price history yet (just entered the market).

flat: this week's opening price is essentially unchanged from last week's.

▲ X% / ▼ X%: how much the price moved week over week, mostly from the last result.

Role change tag

The tag marks a player whose job just changed: a trade, a move to the top of the depth chart, or a lost starting spot. His projection already reflects the new job, so the bar his next result is judged against has moved.

His price doesn't jump on the news. It moves on how he does against that bar, like every other price. Hover or tap the tag on the board for the plain reason behind it.

House Book

What the House Book is, and how it works

The House Book is a ready-made portfolio for the current week, built by the app itself rather than by any one manager. Every member of your league is shown the exact same book: it's the market's own answer to “what would a smart, diversified portfolio look like this week?”

Common mix-up: the House Book isn't built from what your leaguemates are buying or holding; it never looks at anyone's roster. It's computed fresh from that week's market prices and each player's own performance history, the same way for every league. Two members who pick the same risk posture get the same players and weights; only the dollar amounts differ, scaled to each person's own cash.

Think of it like an index fund

Instead of hand-picking every share yourself, the House Book spreads a budget across the whole market for you, sized by how much conviction the model has in each player. It weighs projected points against how volatile each player has been recently, aiming for the best return for the amount of risk taken: the same trade-off a real portfolio manager balances.

Pick a risk posture

Protect Floor spreads across more, smaller positions for a steadier week. Balanced is the default middle ground. Chase Ceiling concentrates into fewer, higher-upside names for a shot at a much bigger week, with bigger swings if it doesn't hit.

Same book for everyone: that's the point

Because every manager sees the identical book, copying it verbatim just makes you average: it's “the chalk,” not a secret edge. The winning move is deciding where you disagree with the house: fading a pick you think is overrated, or doubling down on one you think it's underweighting.

Preview first, nothing trades automatically

Choose a posture and click “Show the house book” to see the exact players, weights, dollars, and share counts it would buy with your current cash. It's just a preview until you click “Copy the house book”; until then, inspect it, use it as a starting point, or ignore it entirely.

FAQ

Common questions

Do I need a player from each position?
No, you can allocate your capital however you want. All-RBs? Fine. Heavy on WRs? Go for it. There's no positional requirement, so your portfolio should reflect your conviction, not a mandated lineup slot.
Can I keep players week to week?
Yes, like holding a stock for long-term upside. If you believe in a player's trajectory for the season, you don't have to sell. Players you hold carry into the next week at that week's opening price.
Can I build a new portfolio each week?
Yes, during the WaiverWire Window (Tuesday through gametime). You can liquidate your entire portfolio, reinvest in new players, or make targeted moves. There's no penalty for turning over your holdings; the market is always open during the window.
Do I have to invest all my cash each week?
No. Uninvested cash just sits idle, neither gaining nor losing value. Sometimes holding cash is the right move, especially heading into a bye-heavy week or when you're waiting for the right opportunity.
Can my team run out of money?
Yes. If your holdings lose enough value through poor player performance, your portfolio value can drop significantly. That's the risk side of the game: just like a real portfolio, bad picks have real consequences.
Are there transaction fees when buying or selling?
No. There are no commissions, spreads, or transaction fees. Every dollar you have is available to invest, and every sale returns 100% of the position's current value.
Is there a league size limit?
No. Because multiple managers can hold the same player simultaneously (unlike traditional fantasy), there's no cap on how many people can be in a league. More participants means more competition, more market dynamics, and more fun, not roster conflicts.
Can multiple people own the same player?
Yes, and this is what makes WWX different. Two managers can both hold Derrick Henry shares. If he scores 30 points, both portfolios benefit. The competition is about building the highest-value portfolio overall, not blocking your opponents from specific players.
What happens on bye weeks?
No gain or loss, like holding uninvested cash. A player on bye earns 0 actual points that week, which means your share count doesn't change, but neither does it drop. You might want to sell and redeploy that capital into active players during the trading window.
Does a player's price move during the week, or is it set once?
A price is set from results, not from the latest news. Practice reports, matchups and weather change the projection you see in Rankings and the Assistant Coach, but they don't move the price. What moves a price is what a player does on the field compared with his projection. In a Live league, trading in each player locks at his own kickoff, the same moment most fantasy platforms lock lineups. It's per-player, not per-roster: a Monday-night player keeps trading all Sunday while everyone who already played sits out. From kickoff on, his price goes live: it tracks what he's actually doing on the field and lands on his real result at the final whistle. Two commissioner settings decide whether you can act on it: "Intraday trading" allows trades while his game is in progress, and "Post-game trading" keeps him tradeable after his game ends for the rest of the week. Either way, those trades execute at his live result-adjusted price, never the pre-game one. A Practice league (historical replay) posts prices once when the week opens and locks the whole market during any real NFL window that is live, since no real game is tied to a specific player in a replay.
What moves a player's price?
One thing: how his result compares with his projection. Beat it and the price rises. Miss it and the price falls. The bigger the gap, the bigger the move, with limits on both sides, so one wild game can't send a price into orbit and a zero can't wipe it out. Next week's schedule changes the projection, not the price, so a soft matchup doesn't make a player cost more. The same goes for a new role: it raises or lowers the projection he's measured against, not his price.
Why did a player's price fall after a good game?
The price follows the projection, not the box score. A receiver projected for 18 who scores 14 has missed the bar, even though 14 is a fine week, so his price dips. It works the other way too: a modest game from a player projected for less can lift a price. Check the projection in the player's report to see the bar he was held to.
What is the Role change tag?
It marks a player whose job has changed, like a trade, a move to the top of the depth chart, or a lost starting spot. His projection already reflects the new job, so the bar his next result is judged against has moved. His price doesn't jump on the news. It moves on how he does against that bar, like every other price. Hover or tap the tag on the board for the plain reason.
Are the price limits measured from what I paid?
No. A game's move, and the limits on it, are measured from the price a player carries into his game, the one on the board when he kicks off. What you paid only decides your own gain or loss. His price is set once a week from last week's result, so what's on the board is what his game starts from, and a job change, an injury report or the news doesn't move it before kickoff. Sell before kickoff and you skip the game, good or bad.
What does "Intraday trading" mean?
It's a commissioner setting for Live leagues. When it's on, you can buy and sell a player while his game is in progress, at his live price. When it's off, a player locks at his own kickoff. Trading mid-game isn't a shortcut: the live price moves with the player's real result, so you can't buy a monster game at the morning's number.
When does a player's result count?
As his game ends. Each player settles at his own final whistle, so you see the new price Sunday afternoon instead of waiting for Tuesday. Tuesday morning the week is tied off: if the official stat line differs from the live one, the difference is paid out as an adjustment, and next week's prices post.
How big are the price swings? (Calm, Standard, Wild)
The market has a swing setting that decides how far a price moves for a given beat or miss. Calm moves the least, Standard sits in the middle, and Wild moves the most. Prices are shared across every league, so the setting applies to the whole market, not to one league. Since Week 5 results, the market has run on Wild, a setting our beta group picked, so results move prices about as much as they ever will.

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