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%
38.59
−41.8%
16%
53.59
−19.2%
25%
58.80
−11.3%
50% (median)
67.59
+1.9%
75%
74.78
+12.8%
84%
76.65
+15.6%
95%
84.96
+28.1%
MOVE
Move Odds
Up 5% or more (69.63)
43%
Up 10% or more (72.94)
31%
Down 5% or more (62.99)
35%
Down 10% or more (59.68)
27%
Options price a 10%+ drop at 27%, 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.