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%
18.74
−25.1%
16%
21.67
−13.3%
25%
23.75
−5.1%
50% (median)
26.67
+6.6%
75%
29.13
+16.5%
84%
30.51
+22.0%
95%
36.40
+45.5%
MOVE
Move Odds
Up 5% or more (26.26)
54%
Up 10% or more (27.51)
41%
Down 5% or more (23.76)
25%
Down 10% or more (22.51)
20%
Options price a 10%+ drop at 20%, 1.1× the 18% 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.