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%
72.02
−48.7%
16%
100.72
−28.2%
25%
112.69
−19.7%
50% (median)
137.45
−2.1%
75%
164.41
+17.1%
84%
179.11
+27.6%
95%
218.62
+55.7%
MOVE
Move Odds
Up 5% or more (147.40)
40%
Up 10% or more (154.42)
33%
Down 5% or more (133.36)
46%
Down 10% or more (126.34)
38%
Options price a 10%+ drop at 38%, 0.9× the 41% 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.