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%
150.28
−30.5%
16%
180.23
−16.6%
25%
193.94
−10.3%
50% (median)
214.43
−0.8%
75%
231.91
+7.3%
84%
240.50
+11.2%
95%
262.70
+21.5%
MOVE
Move Odds
Up 5% or more (227.01)
31%
Up 10% or more (237.82)
18%
Down 5% or more (205.39)
37%
Down 10% or more (194.58)
26%
Options price a 10%+ drop at 26%, 0.9× 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.