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%
41.62
−25.3%
16%
46.55
−16.4%
25%
49.19
−11.7%
50% (median)
55.00
−1.2%
75%
61.60
+10.6%
84%
65.36
+17.4%
95%
76.02
+36.5%
MOVE
Move Odds
Up 5% or more (58.48)
35%
Up 10% or more (61.26)
26%
Down 5% or more (52.91)
40%
Down 10% or more (50.13)
28%
Options price a 10%+ drop at 28%, 1.0× the 30% 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.