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%
2.41
−52.5%
16%
3.54
−30.2%
25%
4.16
−17.9%
50% (median)
5.02
−0.9%
75%
5.80
+14.4%
84%
6.22
+22.8%
95%
7.67
+51.2%
MOVE
Move Odds
Up 5% or more (5.32)
39%
Up 10% or more (5.58)
31%
Down 5% or more (4.82)
43%
Down 10% or more (4.56)
35%
Options price a 10%+ drop at 35%, 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.