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.
| Chance below | Price | vs spot |
|---|---|---|
| 5% | 72.15 | −25.9% |
| 16% | 81.84 | −16.0% |
| 25% | 86.81 | −10.9% |
| 50% (median) | 96.40 | −1.0% |
| 75% | 106.42 | +9.2% |
| 84% | 111.84 | +14.8% |
| 95% | 126.46 | +29.8% |
| Up 5% or more (102.29) | 34% |
|---|---|
| Up 10% or more (107.16) | 24% |
| Down 5% or more (92.55) | 39% |
| Down 10% or more (87.68) | 27% |
Options price a 10%+ drop at 27%, 1.0× the 28% 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.