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%
29.06
−31.1%
16%
35.50
−15.8%
25%
37.73
−10.5%
50% (median)
41.90
−0.6%
75%
46.28
+9.8%
84%
48.76
+15.6%
95%
56.48
+34.0%
MOVE
Move Odds
Up 5% or more (44.27)
35%
Up 10% or more (46.38)
25%
Down 5% or more (40.05)
38%
Down 10% or more (37.94)
26%
Options price a 10%+ drop at 26%, 1.0× the 27% 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.