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%
104.20
−22.3%
16%
123.38
−8.0%
25%
128.02
−4.5%
50% (median)
135.52
+1.1%
75%
141.89
+5.8%
84%
144.87
+8.1%
95%
151.59
+13.1%
MOVE
Move Odds
Up 5% or more (140.75)
29%
Up 10% or more (147.46)
10%
Down 5% or more (127.35)
23%
Down 10% or more (120.65)
13%
Options price a 10%+ drop at 13%, 1.5× the 8.4% 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.