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%
69.06
−35.7%
16%
85.84
−20.0%
25%
93.07
−13.3%
50% (median)
106.63
−0.6%
75%
120.87
+12.6%
84%
128.91
+20.1%
95%
149.51
+39.3%
MOVE
Move Odds
Up 5% or more (112.69)
38%
Up 10% or more (118.05)
29%
Down 5% or more (101.95)
41%
Down 10% or more (96.59)
31%
Options price a 10%+ drop at 31%, 0.9× the 33% 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.