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%
58.56
−40.5%
16%
83.70
−15.0%
25%
89.08
−9.5%
50% (median)
98.39
−0.1%
75%
107.89
+9.6%
84%
113.52
+15.3%
95%
138.24
+40.4%
MOVE
Move Odds
Up 5% or more (103.38)
36%
Up 10% or more (108.30)
24%
Down 5% or more (93.53)
36%
Down 10% or more (88.61)
24%
Options price a 10%+ drop at 24%, 0.9× the 28% 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.