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%
47.71
−22.7%
16%
53.12
−13.9%
25%
56.46
−8.5%
50% (median)
62.52
+1.3%
75%
68.38
+10.8%
84%
71.46
+15.8%
95%
80.21
+30.0%
MOVE
Move Odds
Up 5% or more (64.81)
39%
Up 10% or more (67.89)
27%
Down 5% or more (58.63)
33%
Down 10% or more (55.55)
22%
Options price a 10%+ drop at 22%, 1.0× the 23% 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.