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%
173.22
−16.5%
16%
188.47
−9.1%
25%
194.61
−6.2%
50% (median)
206.53
−0.4%
75%
218.35
+5.3%
84%
224.33
+8.1%
95%
238.37
+14.9%
MOVE
Move Odds
Up 5% or more (217.80)
26%
Up 10% or more (228.17)
12%
Down 5% or more (197.05)
29%
Down 10% or more (186.68)
14%
Options price a 10%+ drop at 14%, 1.0× the 14% 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.