From Theory To Practice - January 17, 2020 - 1/17/20: Portfolio Analysis - Adjusting our DIA Diagonal Spread

Summary: In today’s portfolio analysis, after our mandatory, daily BABA commentary, we quickly turn our attention to adjusting our DIA Diagonal Spread. With the short leg expiring today, the time has arrived to lay out some new, short premium against the long leg. Given that DIA has rallied significantly and this is a Put Diagonal Spread, there is only so much we can do. But, the good news is that this can serve as a little [“crash protection”](https://www.tastytrade.com/tt/shows/from-theory-to-practice/episodes/short-delta-09-17-2015) for the next few weeks.