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.
| Chance below | Price | vs spot |
|---|---|---|
| 5% | 746.16 | −16.5% |
| 16% | 810.29 | −9.4% |
| 25% | 838.55 | −6.2% |
| 50% (median) | 895.65 | +0.2% |
| 75% | 953.43 | +6.7% |
| 84% | 982.49 | +9.9% |
| 95% | 1,049.11 | +17.4% |
| Up 5% or more (938.65) | 31% |
|---|---|
| Up 10% or more (983.35) | 16% |
| Down 5% or more (849.25) | 29% |
| Down 10% or more (804.56) | 15% |
Options price a 10%+ drop at 15%, 1.0× the 14% 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.