df.reset_index(level=0, inplace=True)
>>> df.reset_index(level=['tick', 'obs']) tick obs val tag C 2016-02-26 2 0.0139 A 2016-02-27 2 0.5577 C 2016-02-28 6 0.0303
>>> df val tick tag obs 2016-02-26 C 2 0.0139 2016-02-27 A 2 0.5577 2016-02-28 C 6 0.0303