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%
103.14
−17.5%
16%
111.55
−10.8%
25%
116.65
−6.7%
50% (median)
125.34
+0.3%
75%
133.39
+6.7%
84%
137.68
+10.2%
95%
150.69
+20.6%
MOVE
Move Odds
Up 5% or more (131.24)
31%
Up 10% or more (137.49)
16%
Down 5% or more (118.74)
30%
Down 10% or more (112.49)
18%
Options price a 10%+ drop at 18%, 1.1× the 17% 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.