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%
24.65
−16.8%
16%
28.40
−4.2%
25%
29.86
+0.7%
50% (median)
32.56
+9.8%
75%
35.42
+19.5%
84%
37.27
+25.7%
95%
50.98
+72.0%
MOVE
Move Odds
Up 5% or more (31.12)
64%
Up 10% or more (32.60)
50%
Down 5% or more (28.16)
15%
Down 10% or more (26.68)
9.3%
Options price a 10%+ drop at 9.3%, 0.8× the 12% 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.