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%
54.77
−53.0%
16%
94.56
−18.9%
25%
102.45
−12.1%
50% (median)
114.95
−1.4%
75%
129.14
+10.8%
84%
139.68
+19.8%
95%
217.76
+86.7%
MOVE
Move Odds
Up 5% or more (122.44)
35%
Up 10% or more (128.27)
26%
Down 5% or more (110.77)
41%
Down 10% or more (104.94)
29%
Options price a 10%+ drop at 29%, 1.1× the 27% 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.