MOVE Contracts are a new class of derivative contracts on Delta. They work in a way where the price is proportional to the absolute value of movement in price, and not on the direction of price movement. What this means is that it is irrelevant whether the price of Bitcoin rises or falls, as long as it moves by more than the premium paid for the contract.
A MOVE contract is in essence an Option Straddle, or a direction-neutral option strategy, combining a put option and a call option with the same strike price.
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In this way, MOVE contracts on Delta Exchange allow cryptocurrency traders to trade market volatility – as opposed to price direction. 
The price and value of a MOVE contract reflect expectations about the volatility of the asset. For example, if you believe that the price of the underlying asset – Bitcoin or Ethereum –  will go either up or down, you can long the contract. 
On the contrary, if you believe that the underlying asset price will be relatively stable, you can short the MOVE contract. In this trade, you are short volatility. In this way, MOVE contracts on Delta allow you to trade cryptocurrency volatility.
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MOVE contracts are useful during times of high market uncertainty with large price swings in either direction. They allow you to profit off of volatility without you having to predict the direction of the price change. As an example, take the FEDs most recent $700 billion injection into the US stock market. Uncertainty surrounded this event and it was difficult to tell whether the news would be interpreted positively or negatively. 
In a case like this, a MOVE Contract allows you to speculate on the upcoming volatility whilst disregarding the direction of the move.

MOVE options are a new class of derivative contracts that enable traders to speculate on volatility of Bitcoin and other cryptocurrencies such as Ether.

Crypto Trader's Guide to MOVE Options

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