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%
69.69
−41.5%
16%
116.10
−2.5%
25%
126.08
+5.9%
50% (median)
137.87
+15.8%
75%
145.31
+22.0%
84%
148.19
+24.5%
95%
153.52
+28.9%
MOVE
Move Odds
Up 5% or more (125.02)
76%
Up 10% or more (130.98)
67%
Down 5% or more (113.12)
14%
Down 10% or more (107.16)
12%
Options price a 10%+ drop at 12%, 6.4× the 1.9% 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.