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%
15.95
−42.9%
16%
20.88
−25.2%
25%
22.94
−17.8%
50% (median)
27.10
−2.9%
75%
31.68
+13.5%
84%
34.27
+22.8%
95%
41.18
+47.5%
MOVE
Move Odds
Up 5% or more (29.31)
37%
Up 10% or more (30.70)
29%
Down 5% or more (26.51)
46%
Down 10% or more (25.12)
37%
Options price a 10%+ drop at 37%, 1.0× the 39% 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.