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%
47.85
−33.0%
16%
63.66
−10.8%
25%
66.64
−6.6%
50% (median)
71.30
−0.1%
75%
76.05
+6.6%
84%
79.10
+10.8%
95%
92.83
+30.1%
MOVE
Move Odds
Up 5% or more (74.94)
30%
Up 10% or more (78.51)
17%
Down 5% or more (67.80)
30%
Down 10% or more (64.23)
17%
Options price a 10%+ drop at 17%, 1.0× the 17% 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.