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%
98.38
−40.6%
16%
130.65
−21.2%
25%
142.44
−14.0%
50% (median)
165.55
−0.1%
75%
189.39
+14.3%
84%
201.96
+21.9%
95%
233.82
+41.1%
MOVE
Move Odds
Up 5% or more (173.98)
40%
Up 10% or more (182.27)
32%
Down 5% or more (157.42)
41%
Down 10% or more (149.13)
31%
Options price a 10%+ drop at 31%, 0.9× the 33% 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.