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%
153.74
−15.8%
16%
165.65
−9.3%
25%
170.96
−6.4%
50% (median)
181.97
−0.3%
75%
193.78
+6.1%
84%
200.12
+9.6%
95%
216.43
+18.6%
MOVE
Move Odds
Up 5% or more (191.69)
29%
Up 10% or more (200.82)
15%
Down 5% or more (173.43)
30%
Down 10% or more (164.30)
14%
Options price a 10%+ drop at 14%, 0.9× the 16% 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.