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%
46.54
−21.6%
16%
54.77
−7.7%
25%
56.65
−4.6%
50% (median)
59.84
+0.8%
75%
62.93
+6.0%
84%
64.63
+8.9%
95%
69.86
+17.7%
MOVE
Move Odds
Up 5% or more (62.33)
29%
Up 10% or more (65.30)
13%
Down 5% or more (56.39)
23%
Down 10% or more (53.42)
12%
Options price a 10%+ drop at 12%, 1.1× the 11% 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.