In this segment of Options Jive, the hosts explain how to estimate the expected daily move of an underlying asset using options premiums. They emphasize the importance of implied volatility (IV) and provide a simplified formula: expected move equals price times IV times the square root of days to expiration over 365 (IV%/19). They highlight that while this method can lead to overestimations, it serves as a quick calculation tool for traders. Specific strategies for finding previous expected moves during earnings announcements are also discussed, along with the need for adjustments based on market conditions.