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%
44.91
−32.4%
16%
55.08
−17.0%
25%
59.10
−11.0%
50% (median)
65.41
−1.5%
75%
72.50
+9.2%
84%
77.94
+17.4%
95%
91.67
+38.1%
MOVE
Move Odds
Up 5% or more (69.71)
33%
Up 10% or more (73.03)
24%
Down 5% or more (63.07)
40%
Down 10% or more (59.75)
27%
Options price a 10%+ drop at 27%, 1.0× the 26% 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.