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%
33.06
−57.5%
16%
54.00
−30.7%
25%
63.78
−18.1%
50% (median)
74.34
−4.5%
75%
85.35
+9.6%
84%
94.02
+20.7%
95%
168.87
+116.9%
MOVE
Move Odds
Up 5% or more (81.76)
31%
Up 10% or more (85.65)
25%
Down 5% or more (73.97)
49%
Down 10% or more (70.08)
38%
Options price a 10%+ drop at 38%, 1.1× the 35% 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.