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%
28.72
−22.7%
16%
33.05
−11.0%
25%
34.51
−7.1%
50% (median)
37.01
−0.4%
75%
39.68
+6.8%
84%
41.51
+11.7%
95%
45.14
+21.5%
MOVE
Move Odds
Up 5% or more (39.01)
30%
Up 10% or more (40.87)
18%
Down 5% or more (35.29)
32%
Down 10% or more (33.44)
18%
Options price a 10%+ drop at 18%, 1.0× the 19% 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.