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%
132.29
−34.6%
16%
162.45
−19.6%
25%
175.85
−13.0%
50% (median)
199.98
−1.1%
75%
224.29
+11.0%
84%
237.50
+17.5%
95%
274.96
+36.0%
MOVE
Move Odds
Up 5% or more (212.26)
36%
Up 10% or more (222.37)
27%
Down 5% or more (192.04)
41%
Down 10% or more (181.94)
30%
Options price a 10%+ drop at 30%, 1.0× the 32% 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.