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%
166.34
−14.1%
16%
180.18
−6.9%
25%
185.55
−4.1%
50% (median)
195.67
+1.1%
75%
206.25
+6.5%
84%
212.58
+9.8%
95%
235.11
+21.5%
MOVE
Move Odds
Up 5% or more (203.26)
31%
Up 10% or more (212.94)
16%
Down 5% or more (183.90)
22%
Down 10% or more (174.22)
9.6%
Options price a 10%+ drop at 9.6%, 0.7× the 14% 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.