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I am currently trying to understand the in's and out's of options and more specifically hedging. I came across a document that was talking about Delta Hedging which is just making sure the delta of your overall position will be 0. But how do you hedge Omega(Time)?

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Could you please give the reference? – vonjd Sep 25 '11 at 18:40
The Omega Part of Delta-Omega Hedging was defined here. docs.google.com/… – ChromoX Sep 25 '11 at 18:48
Is Delta-Omega Hedging another way of saying Delta Neutral, while comparing multiple different delta neutral strategies based upon their Omega ratio? – ChromoX Sep 25 '11 at 18:49
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Hi ChromoX, welcome to quant.SE. Please consider registering to help the site track the progress of your question. Omega is a performance measure, intended as a more sophisticated replacement for the Sharpe ratio. I have never heard of "delta-omega hedging" or hedging "omega(time)". Do you have sources for these terms? – Tal Fishman Sep 25 '11 at 19:37
I'm voting to close as "not a real question" due to the concerns above. – Tal Fishman Sep 26 '11 at 18:53

closed as not a real question by Tal Fishman, Dimitris, Brian B, vonjd, Karol Piczak Oct 8 '11 at 23:53

It's difficult to tell what is being asked here. This question is ambiguous, vague, incomplete, overly broad, or rhetorical and cannot be reasonably answered in its current form. For help clarifying this question so that it can be reopened, see the FAQ.