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%
38.93
−31.2%
16%
51.15
−9.6%
25%
53.17
−6.1%
50% (median)
56.39
−0.4%
75%
59.52
+5.2%
84%
61.32
+8.3%
95%
67.80
+19.8%
MOVE
Move Odds
Up 5% or more (59.43)
26%
Up 10% or more (62.26)
13%
Down 5% or more (53.77)
29%
Down 10% or more (50.94)
15%
Options price a 10%+ drop at 15%, 1.0× the 15% 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.