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%
4.30
−58.0%
16%
7.44
−27.3%
25%
8.49
−17.0%
50% (median)
10.01
−2.2%
75%
11.43
+11.7%
84%
12.25
+19.7%
95%
15.68
+53.3%
MOVE
Move Odds
Up 5% or more (10.74)
36%
Up 10% or more (11.25)
28%
Down 5% or more (9.72)
44%
Down 10% or more (9.21)
35%
Options price a 10%+ drop at 35%, 1.0× the 36% 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.