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%
51.16
−26.2%
16%
61.81
−10.9%
25%
65.35
−5.8%
50% (median)
70.19
+1.2%
75%
74.28
+7.1%
84%
76.39
+10.1%
95%
82.52
+19.0%
MOVE
Move Odds
Up 5% or more (72.84)
33%
Up 10% or more (76.31)
16%
Down 5% or more (65.90)
27%
Down 10% or more (62.43)
17%
Options price a 10%+ drop at 17%, 1.1× the 16% 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.