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%
311.15
−17.5%
16%
346.20
−8.2%
25%
359.65
−4.6%
50% (median)
384.05
+1.8%
75%
407.64
+8.1%
84%
420.43
+11.5%
95%
462.28
+22.6%
MOVE
Move Odds
Up 5% or more (395.93)
36%
Up 10% or more (414.78)
20%
Down 5% or more (358.22)
24%
Down 10% or more (339.37)
13%
Options price a 10%+ drop at 13%, 0.7× the 17% 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.