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%
17.68
−38.3%
16%
21.92
−23.5%
25%
24.08
−16.0%
50% (median)
28.55
−0.4%
75%
33.46
+16.7%
84%
36.17
+26.2%
95%
43.25
+50.9%
MOVE
Move Odds
Up 5% or more (30.09)
41%
Up 10% or more (31.53)
34%
Down 5% or more (27.23)
42%
Down 10% or more (25.79)
34%
Options price a 10%+ drop at 34%, 1.0× the 35% 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.