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%
121.38
−26.1%
16%
137.07
−16.5%
25%
141.87
−13.6%
50% (median)
151.50
−7.7%
75%
165.46
+0.8%
84%
180.80
+10.1%
95%
221.32
+34.8%
MOVE
Move Odds
Up 5% or more (172.36)
20%
Up 10% or more (180.57)
16%
Down 5% or more (155.94)
60%
Down 10% or more (147.74)
40%
Options price a 10%+ drop at 40%, 1.0× the 39% 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.