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%
41.59
−33.4%
16%
48.89
−21.7%
25%
53.89
−13.7%
50% (median)
61.39
−1.7%
75%
69.07
+10.6%
84%
73.89
+18.3%
95%
97.72
+56.4%
MOVE
Move Odds
Up 5% or more (65.59)
35%
Up 10% or more (68.72)
26%
Down 5% or more (59.35)
42%
Down 10% or more (56.22)
32%
Options price a 10%+ drop at 32%, 0.9× the 34% 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.