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omega

 
Dictionary: o·me·ga   (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.]


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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
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This article contains special characters. Without proper rendering support, you may see question marks, boxes, or other symbols.
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 Σσς 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
Digamma uc lc.svg Digamma Qoppa uc lc.svg Qoppa
San uc lc.svg San Sampi uc lc.svg Sampi
Other characters
Stigma uc lc.svg Stigma Sho uc lc.svg Sho
Heta uc lc.svg Heta

Greek diacritics

Omega (majuscule: Ω, minuscule: ω; Greek Ωμέγα) 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 open-mid o [ɔː], similar to the vowel of English raw as pronounced in London or New York. In Modern Greek Ω represents the same sound as omicron. The letter omega is transcribed ō or simply o.

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, Christ is declared to be the "alpha and omega, the beginning and the end, the first and the last".[3]

As the symbol of the Sumerian goddess Ninhursag, the omega has been depicted in art from around 3000 BC, though more generally from the early second millennium. It appears on some boundary stones on the upper tier, which indicates her importance.

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

The symbol Ω (majuscule letter)

The majuscule letter Ω is used as a symbol:

  • Other
    • The symbol of the resistance movement against the Vietnam-era draft
    • Year or date of death

The symbol ω (lower case letter)

The minuscule 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: Omega
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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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