I'm looking at an option and it has a lot of bids and asks, but zero volume. Does this mean that the market can't decided on the price of the premium because the stock itself is moving? Just curious what this means or why this occurs.
I assume that by zero volume you mean that no contracts have been traded today rather than there is zero Open Interest.
If no contracts have traded then there is no interest in the options so far. It's likely that the options are illiquid and few trade on a daily basis. It has nothing to do with "the stock itself is moving". If the stock was moving up or down significantly, there would likely be some contracts trading.
You mentioned that you see a lot of bids and asks. The market isn't having any trouble deciding on the price of the premium. Those B/A quotes are the current collective opinion of what the option prices should be.