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%
13.19
−53.6%
16%
24.69
−13.1%
25%
26.70
−6.0%
50% (median)
29.27
+3.0%
75%
31.65
+11.4%
84%
33.27
+17.1%
95%
42.83
+50.8%
MOVE
Move Odds
Up 5% or more (29.83)
43%
Up 10% or more (31.25)
28%
Down 5% or more (26.98)
27%
Down 10% or more (25.56)
19%
Options price a 10%+ drop at 19%, 0.7× 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.