We hereby signal to buy to open DZZ (Deutsche Bank AG DB Gold Double Short ETN) at $6.64. We allocating 5% of our capital to this trade.
To execute this trade we simply buy DZZ shares at $6.64 to enter the trade. This trade involves no options. This trade adds short exposure to gold to our portfolio.
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We allocate based on capital at risk, so with a $20,000 model portfolio, to allocate $1000 one would buy 150 shares since $6.64 x 150 = $996
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