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%
28.42
−47.1%
16%
40.93
−23.8%
25%
45.06
−16.1%
50% (median)
52.97
−1.4%
75%
61.31
+14.2%
84%
66.63
+24.0%
95%
78.31
+45.8%
MOVE
Move Odds
Up 5% or more (56.40)
39%
Up 10% or more (59.08)
31%
Down 5% or more (51.02)
43%
Down 10% or more (48.34)
34%
Options price a 10%+ drop at 34%, 0.9× the 37% 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.