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omega

  (ō-mĕg'ə, ō-mē'gə, ō-mā'-) pronunciation
n.
  1. The 24th letter of the Greek alphabet.
  2. The end.
  3. See omega baryon.
  4. See omega meson.

[Middle English, from Greek ō mega, large o (from its being a long vowel in Greek) : ō, the letter o + mega, neuter of megas, large, great.]


 
 

A measure of the change in an option's value with respect to the percentage change in the underlying price. The omega gives option investors an idea of how the option price and the stock price that underlies it move together.

Omega is the third derivative of the option price, and the derivative of gamma.

Investopedia Says:
If the omega on a Ford call option is calculated to be 1.6%, then for every 1% change in the price of Ford the price of the call option will rise by 1.6%.

Also known as "speed".

Related Links:
Understanding price influences on options positions requires learning delta, theta, vega and gamma. Getting To Know The "Greeks"
These risk-exposure measurements help traders detect how sensitive a specific trade is to price, volatility and time decay. Using the Greeks to Understand Options
An introduction to the world of options, covering everything from primary concepts to how options work and why you might use them. Options Basics Tutorial


 

Derivative Pricing Model that measures the effect of volatility. Used interchangeably with vega and also with Kappa, Sigma Prime, and Zeta.

 

[Etymology: Anglicized name of Ω, the last letter in the Greek alphabet] electromagnetics See ohm.

 

The last letter of the Greek alphabet, used in mathematics for the first infinite ordinal, which measures the ordering by magnitude of the set of finite ordinals.

 

The twenty-fourth and last letter of the Greek alphabet, Ω.

  • o. protein — topoisomerase I of Escherichia coli.
 
Wikipedia: omega


Omega_uc_lc.svg
Greek alphabet
Αα Alpha Νν Nu
Ββ Beta Ξξ Xi
Γγ Gamma Οο Omicron
Δδ Delta Ππ Pi
Εε Epsilon Ρρ Rho
Ζζ Zeta Σσ Sigma
Ηη Eta Ττ Tau
Θθ Theta Υυ Upsilon
Ιι Iota Φφ Phi
Κκ Kappa Χχ Chi
Λλ Lambda Ψψ Psi
Μμ Mu Ωω Omega
Obsolete letters
Ϝϝ Digamma Ϙϙ Qoppa
Ϛϛ Stigma Ϡϡ Sampi
Ϻϻ San Ϸϸ Sho

Greek diacritics
Note: This article contains special characters.


Omega (uppercase Ω, lowercase ω) is the 24th and last letter of the Greek alphabet. In the Greek numeric system, it has a value of 800. The word literally means "great O" (ō mega, mega meaning 'great'), as opposed to Omicron, which means "little O" (o mikron, micron meaning "little").[1] This name is Byzantine; in Classical Greek, the letter was called ō (), whereas the Omicron was called ou (οὖ).[2] The form of the lowercase letter derives from a double omicron, which came to be written open at the top.

Phonetically, the Ancient Greek Ω is a long o, similar to the vowel of English ocean. For example, the English ocean, derives from the Greek ωκεανός. It is transcribed ō or simply o. In Modern Greek Ω also sounds like a long o, though not so clear in everyday speech.

Omega (the last letter of the Greek alphabet) is often used to denote the last, the end, or the ultimate limit of a set, in contrast to Alpha, the first letter of the Greek alphabet. In the New Testament book of Revelation, God is declared to be the "alpha and omega, the beginning and the end, the first and the last".[3]

Omega was also adopted into the early Cyrillic alphabet. See omega (Cyrillic) (Ѡ, ѡ). A Raetic variant is at the origin of Elder Futhark .

The symbol Ω (upper case letter)

The upper-case letter Ω is used as a symbol, it is also used often outside its Greek alphabetical context in literature, advertising and other forms of human expression.

  • For ohmSI unit of electrical resistance; formerly also used upside down (℧) to represent mho, the old name for the inverse of an ohm (now siemens with symbol S) used for electrical conductance. Unicode has a separate code point for the ohm sign (U+2126, Ω), but it is only included for backwards compatibility and the Greek uppercase omega character (U+03A9, Ω) is preferred. [4]

The symbol ω (lower-case letter)

The lower-case letter ω is used as a symbol:

Notes

  1. ^ The Greek Alphabet
  2. ^ Herbert Weir Smyth. A Greek Grammar for Colleges. §1
  3. ^ Revelation 22:13, KJV, and see also 1:8, Greek ἐγὼ τὸ ἄλφα καὶ τὸ ὦ, ὁ πρῶτος καὶ ὁ ἔσχατος, ἡ ἀρχὴ καὶ τὸ τέλος. Or in Revelation 1:8 as seen in the Latin Vulgate Bible, the Greek is shown, surrounded by Latin: "ego sum α et ω principium et finis dicit Dominus Deus qui est et qui erat et qui venturus est Omnipotens"
  4. ^ Excerpts from the The Unicode Standard, Version 4.0, accessed 11 October 2006

 
Translations: Translations for: Omega

Dansk (Danish)
n. - omega
symb. - 24. bogstav i det græske alfabet

Nederlands (Dutch)
omega, einde, laatste

Français (French)
n. - oméga
symb. - (Phys) oméga

Deutsch (German)
n. - Omega
symb. - Omega

Ελληνική (Greek)
n. - ωμέγα, (μτφ.) οτιδήποτε ακροτελεύτιο ή τελευταίο σειράς

Italiano (Italian)
omega

idioms:

  • the alpha and omega of    l'alfa e l'omega di, l'inizio e la fine di

Português (Portuguese)
n. - ômega (m)

idioms:

  • the alpha and omega of    o início e o fim de

Русский (Russian)
омега

idioms:

  • the alpha and omega of    начало и конец

Español (Spanish)
n. - omega
symb. - omega

Svenska (Swedish)
n. - grek.bokstaven omega, (bildl) ände, slut

中文(简体) (Chinese (Simplified))
希腊字母的最后一个字, 最后, 终了

中文(繁體) (Chinese (Traditional))
n. - 希臘字母的最後一個字, 最後, 終了
symb. - 終了

한국어 (Korean)
n. - 최후, 글자오메가
symb. - 마지막

日本語 (Japanese)
n. - オーメガ, 終わり, 最後, オメガ

العربيه (Arabic)
‏(الاسم) آخر الأحرف اليونانيه, نهايه‏

עברית (Hebrew)
n. - ‮אומגה (האות האחרונה באלפבית היוונית), האחרון בסדרה, ההתפתחות הסופית‬
symb. - ‮אומגה (אות יוונית)‬


 
 

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Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2007. Published by Houghton Mifflin Company. All rights reserved.  Read more
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Wikipedia. This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Omega" Read more
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