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%
32.19
−43.9%
16%
53.45
−6.9%
25%
57.37
−0.0%
50% (median)
61.09
+6.4%
75%
62.81
+9.5%
84%
63.33
+10.3%
95%
64.05
+11.6%
MOVE
Move Odds
Up 5% or more (60.26)
58%
Up 10% or more (63.13)
19%
Down 5% or more (54.52)
18%
Down 10% or more (51.65)
14%
Options price a 10%+ drop at 14%, 0.9× the 15% 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.