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%
130.91
−29.2%
16%
153.32
−17.1%
25%
162.92
−11.9%
50% (median)
182.88
−1.2%
75%
204.66
+10.6%
84%
216.49
+17.0%
95%
246.94
+33.5%
MOVE
Move Odds
Up 5% or more (194.27)
36%
Up 10% or more (203.52)
26%
Down 5% or more (175.76)
41%
Down 10% or more (166.51)
29%
Options price a 10%+ drop at 29%, 0.9× the 31% 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.