Delta Neutral Hedging is a risk management technique that involves offsetting the risk of an options position by holding a corresponding position in the underlying asset. The goal of delta neutral hedging is to hedge the risk of the options position while maintaining a neutral view on the direction of the underlying asset's price.

Delta is a measure of the sensitivity of an option's price to changes in the price of the underlying asset. A position that is delta neutral is one in which the total delta of the options position is offset by an equal and opposite position in the underlying asset. For example, if an investor holds a long call option with a delta of 0.5, they could delta neutral hedge the position by shorting 50 shares of the underlying asset. This would offset the risk of the options position and leave the investor with a neutral view on the direction of the asset's price.

Delta Neutral Hedging is a useful tool for managing the risk of an options position, particularly when the investor is uncertain about the direction of the underlying asset's price. It can be used with stocks, index options, and other types of options.