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%
155.64
−8.7%
16%
156.60
−8.1%
25%
156.65
−8.1%
50% (median)
156.77
−8.0%
75%
156.87
−8.0%
84%
156.92
−8.0%
95%
157.03
−7.9%
MOVE
Move Odds
Up 5% or more (179.00)
2.4%
Up 10% or more (187.53)
2.4%
Down 5% or more (161.96)
97.6%
Down 10% or more (153.43)
2.2%
Options price a 10%+ drop at 2.2%, 0.2× the 9.9% 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.