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%
126.36
−29.4%
16%
153.60
−14.2%
25%
167.56
−6.4%
50% (median)
183.11
+2.3%
75%
192.22
+7.4%
84%
195.46
+9.2%
95%
200.70
+12.1%
MOVE
Move Odds
Up 5% or more (187.92)
37%
Up 10% or more (196.87)
12%
Down 5% or more (170.02)
28%
Down 10% or more (161.07)
20%
Options price a 10%+ drop at 20%, 1.0× the 19% 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.