In the latest discussion, Liz and Jenny delve into various trading strategies, emphasizing the importance of managing extrinsic value when rolling options, especially when rolling for a debit. They highlight that theta targets should be established at portfolio entry for longer-dated options, noting that theta increases as expiration approaches. The conversation also touches on layering zero DTE trades and the significance of liquidity in trading decisions. Ultimately, they advise traders to avoid stocks that consistently result in losses.