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%
172.47
−22.7%
16%
192.85
−13.5%
25%
201.98
−9.5%
50% (median)
221.84
−0.5%
75%
244.46
+9.6%
84%
257.11
+15.3%
95%
291.01
+30.5%
MOVE
Move Odds
Up 5% or more (234.21)
35%
Up 10% or more (245.37)
24%
Down 5% or more (211.91)
37%
Down 10% or more (200.75)
24%
Options price a 10%+ drop at 24%, 0.9× the 25% 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.