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Options Boot Camp

Options Boot Camp

Options Boot Camp 410: Demystifying the MOVE Index

Sep 30, 2026 · 35 min · 22 segments

What can bond market volatility tell you that the VIX can't? Mark Longo and Dan Passarelli break down the MOVE Index and explain why equity options traders should keep an eye on Treasury yield…

What can bond market volatility tell you that the VIX can't? Mark Longo and Dan Passarelli break down the MOVE Index and explain why equity options traders should keep an eye on Treasury yield volatility. Learn what MOVE measures, how its Treasury options components are weighted, and why comparing its level directly with VIX can be misleading. Mark and Dan also explore what it means when stock and bond volatility diverge, how to interpret implied daily moves, and the usefulness and limitations of MOVE as a market indicator. Plus, the latest listener poll on NVIDIA's stock buyback and a Market Taker Question of the Week: Do shorter-term options always offer sellers faster time decay?

What can bond market volatility tell you that the VIX can't? Mark Longo and Dan Passarelli break down the MOVE Index and explain why equity options traders should keep an eye on Treasury yield…

Speakers: Mark LongoHostDan PassarelliHost

Show signals: SuitabilitySafeBiasNot politicalAudience≈29k followers

Spotify Apple Podcasts YouTube Amazon Music Website

Top entities: VIX×51 United States Treasury security×8 Nvidia×8 Merrill×4 S&P 500×4

From Volatility to the VIX3:29 – 5:39

M

3:29

All right, Mr. Dan, let's get down to business.

M

3:31

We're going to kick things off playing one of my favorite games, which is the Dan P.

M

3:36

Word Association game.

M

3:38

Dan, I'm going to throw out a word to you and just tell me what leaps to mind for you out there.

M

3:43

We're going to talk about volatility.

M

3:45

What name, perhaps what product leaps to mind first when I say volatility to you, sir?

Dan PassarelliHost

3:52

Well, I mean, the quintessential one that I always think of first is the VIX, of course.

Dan PassarelliHost

3:59

I've got that on my screen every day.

Dan PassarelliHost

4:01

It's one of the key things I always look at.

M

4:04

Yeah, VIX is, I think, where most people's minds go when you say the term volatility these days.

M

4:08

CBO hit a home run with that one.

M

4:10

They kind of backed into it, really.

M

4:12

They called it the fair gauge early.

M

4:13

That kind of caught on.

M

4:15

People tended to like it.

M

4:16

And it's become synonymous now with vol.

M

4:19

So a great branding effort on their part.

M

4:22

We could debate.

M

4:23

the efficacy of it, the accuracy of the VIX.

M

4:26

We have done some on the past.

M

4:27

We have a whole show every week that does that.

M

4:29

Listeners, every Friday, Volatility Views.

M

4:31

You should check it out.

M

4:32

Dr. VIX is on there.

M

4:33

All kinds of fun going on on that show every Friday.

VIXEntityIndex
97%51 mentions
United States Treasury securityEntity
92%8 mentions
NvidiaCompanyAI company
86%8 mentions
MerrillCompanyInvestment management company
81%4 mentions
S&P 500EntityStock market index
75%4 mentions
New YorkCityCity in New York State
69%2 mentions
Over-the-counterEntity
64%3 mentions
CME GroupCompanyCompany
58%2 mentions
AppleCompanyTechnology company
53%2 mentions
Bank of AmericaCompanyFinancial services company
47%2 mentions
GodEntitySupreme being
42%2 mentions
Google PlayEntity
36%2 mentions
iTunesSoftware ApplicationMedia player
31%2 mentions
S&P 100EntityStock market index
25%1 mention
CNBCCompanyTelevision producer
19%1 mention
Google FinanceSoftware ApplicationWebsite
11%1 mention
Yahoo! FinanceEntityWeb site
11%1 mention
Kenny LogginsPersonAmerican singer and songwriter
3%3 mentions

InvestmentsFinance
Market IndicesFinance > Investments > Volatility
MOVE IndexFinance > Investments > Volatility > Market Indices
VIXFinance > Investments > Volatility > Market Indices
Bond VolatilityFinance > Investments > Fixed Income > Bonds
Yield VolatilityEconomics > Market Analysis > Interest Rates
Volatility TradingFinance > Investments > Options Trading > Strategies
MOVE IndexEconomics > Market Analysis > Interest Rates > Yield Volatility
Market AnalysisEconomics
StrategiesFinance > Investments > Options Trading
BondsFinance > Investments > Fixed Income
Interest RatesEconomics > Market Analysis
VolatilityFinance > Investments
Fixed IncomeFinance > Investments
Options TradingFinance > Investments
Economics
Finance

From Volatility to the VIX3:29 – 5:39

M

3:29

All right, Mr. Dan, let's get down to business.

M

3:31

We're going to kick things off playing one of my favorite games, which is the Dan P.

M

3:36

Word Association game.

M

3:38

Dan, I'm going to throw out a word to you and just tell me what leaps to mind for you out there.

M

3:43

We're going to talk about volatility.

M

3:45

What name, perhaps what product leaps to mind first when I say volatility to you, sir?

Dan PassarelliHost

3:52

Well, I mean, the quintessential one that I always think of first is the VIX, of course.

Dan PassarelliHost

3:59

I've got that on my screen every day.

Dan PassarelliHost

4:01

It's one of the key things I always look at.

M

4:04

Yeah, VIX is, I think, where most people's minds go when you say the term volatility these days.

M

4:08

CBO hit a home run with that one.

M

4:10

They kind of backed into it, really.

M

4:12

They called it the fair gauge early.

M

4:13

That kind of caught on.

M

4:15

People tended to like it.

M

4:16

And it's become synonymous now with vol.

M

4:19

So a great branding effort on their part.

M

4:22

We could debate.

M

4:23

the efficacy of it, the accuracy of the VIX.

M

4:26

We have done some on the past.

M

4:27

We have a whole show every week that does that.

M

4:29

Listeners, every Friday, Volatility Views.

M

4:31

You should check it out.

M

4:32

Dr. VIX is on there.

M

4:33

All kinds of fun going on on that show every Friday.

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