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%
61.17
−39.2%
16%
76.22
−24.3%
25%
83.45
−17.1%
50% (median)
99.30
−1.3%
75%
117.11
+16.4%
84%
126.75
+26.0%
95%
151.05
+50.1%
MOVE
Move Odds
Up 5% or more (105.67)
40%
Up 10% or more (110.70)
33%
Down 5% or more (95.60)
44%
Down 10% or more (90.57)
36%
Options price a 10%+ drop at 36%, 1.0× the 37% 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.