With a Delta Hedge: options are written or purchased with a view to resale prior to maturity. A delta hedge is supposed to give zero loss at any price of the hedged asset.
Fixed hedge Delta hedge
At one-to-one An amount weighted by Covers relationship the delta factor
Protection Depending on exercise Depending on low price chosen delta was calculated
Intention Yes, if prices move None, the hedge constantly to exercise against position compensates for price changes