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%
176.46
−18.3%
16%
195.22
−9.6%
25%
203.00
−6.0%
50% (median)
218.25
+1.0%
75%
234.31
+8.5%
84%
243.28
+12.6%
95%
270.05
+25.0%
MOVE
Move Odds
Up 5% or more (226.85)
35%
Up 10% or more (237.66)
21%
Down 5% or more (205.25)
28%
Down 10% or more (194.45)
15%
Options price a 10%+ drop at 15%, 0.7× the 21% 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.