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%
240.63
−25.4%
16%
279.46
−13.4%
25%
295.66
−8.4%
50% (median)
321.89
−0.3%
75%
348.51
+8.0%
84%
364.89
+13.1%
95%
408.47
+26.6%
MOVE
Move Odds
Up 5% or more (338.86)
33%
Up 10% or more (354.99)
21%
Down 5% or more (306.58)
34%
Down 10% or more (290.45)
22%
Options price a 10%+ drop at 22%, 0.9× the 23% 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.