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%
355.22
−25.0%
16%
415.71
−12.2%
25%
438.02
−7.5%
50% (median)
479.43
+1.3%
75%
522.10
+10.3%
84%
547.19
+15.6%
95%
649.12
+37.1%
MOVE
Move Odds
Up 5% or more (497.16)
38%
Up 10% or more (520.84)
26%
Down 5% or more (449.82)
31%
Down 10% or more (426.14)
20%
Options price a 10%+ drop at 20%, 0.7× the 28% 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.