Shaded band: the middle 68% of outcomes. Where the blue curve sits above the dashed one, options price that move as likelier than a plain bell curve would.
TGT
Target Price
PCTL
Percentiles
Chance below
Price
vs spot
5%
104.63
−7.9%
16%
108.65
−4.4%
25%
110.74
−2.5%
50% (median)
110.99
−2.3%
75%
111.15
−2.2%
84%
125.00
+10.0%
95%
131.30
+15.6%
MOVE
Move Odds
Up 5% or more (119.30)
21%
Up 10% or more (124.98)
17%
Down 5% or more (107.94)
13%
Down 10% or more (102.26)
2.0%
Options price a 10%+ drop at 2.0%, 0.2× the 9.4% a bell curve with the same volatility gives.
Risk-neutral odds from option prices, the bot's lgf odds method: out-of-the-money mids → implied vols → a smoothed smile in total variance → density = erT·∂²C/∂K² (Breeden–Litzenberger). Risk-neutral odds include the market's risk premium, so they lean bearish compared with real-world odds. Not investment advice.