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%
119.24
−27.5%
16%
137.36
−16.4%
25%
147.49
−10.3%
50% (median)
162.91
−0.9%
75%
178.21
+8.4%
84%
187.65
+14.1%
95%
227.25
+38.2%
MOVE
Move Odds
Up 5% or more (172.61)
33%
Up 10% or more (180.83)
22%
Down 5% or more (156.17)
38%
Down 10% or more (147.95)
26%
Options price a 10%+ drop at 26%, 0.9× the 27% 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.