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%
46.13
−22.3%
16%
51.13
−13.8%
25%
53.55
−9.7%
50% (median)
58.37
−1.6%
75%
63.67
+7.3%
84%
66.72
+12.5%
95%
76.21
+28.4%
MOVE
Move Odds
Up 5% or more (62.30)
30%
Up 10% or more (65.26)
20%
Down 5% or more (56.36)
39%
Down 10% or more (53.40)
24%
Options price a 10%+ drop at 24%, 0.9× the 26% 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.