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%
29.69
−40.2%
16%
44.78
−9.7%
25%
46.38
−6.5%
50% (median)
49.06
−1.1%
75%
51.98
+4.8%
84%
53.92
+8.7%
95%
68.99
+39.0%
MOVE
Move Odds
Up 5% or more (52.10)
24%
Up 10% or more (54.58)
14%
Down 5% or more (47.13)
31%
Down 10% or more (44.65)
15%
Options price a 10%+ drop at 15%, 0.9× 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.