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%
32.95
−33.8%
16%
42.06
−15.5%
25%
44.98
−9.7%
50% (median)
50.02
+0.5%
75%
54.57
+9.6%
84%
56.72
+13.9%
95%
62.21
+25.0%
MOVE
Move Odds
Up 5% or more (52.28)
37%
Up 10% or more (54.77)
24%
Down 5% or more (47.30)
35%
Down 10% or more (44.81)
24%
Options price a 10%+ drop at 24%, 1.0× the 25% 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.