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%
24.82
−16.4%
16%
26.72
−10.0%
25%
27.47
−7.6%
50% (median)
28.88
−2.8%
75%
30.36
+2.2%
84%
31.22
+5.1%
95%
34.50
+16.1%
MOVE
Move Odds
Up 5% or more (31.20)
16%
Up 10% or more (32.68)
8.4%
Down 5% or more (28.22)
38%
Down 10% or more (26.74)
16%
Options price a 10%+ drop at 16%, 0.7× 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.