In this segment, hosts discuss three approaches to achieving neutrality in options trading: delta neutral, price neutral, and equidistant strategies. Delta neutral positions have equal put and call deltas, with delta serving as a probability proxy for options expiring in-the-money. Price neutral strategies involve options with approximately equal prices, indicating balanced tail risk expectations. Equidistant strategies place strikes at equal dollar amounts from the current price. Rolling positions serves as a defensive tactic when market movements create unwanted directional exposure, effectively "keeping the dream alive" while managing risk.