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%
86.66
−30.4%
16%
105.44
−15.4%
25%
111.68
−10.3%
50% (median)
123.71
−0.7%
75%
136.88
+9.9%
84%
144.80
+16.2%
95%
164.78
+32.3%
MOVE
Move Odds
Up 5% or more (130.79)
35%
Up 10% or more (137.01)
25%
Down 5% or more (118.33)
38%
Down 10% or more (112.10)
26%
Options price a 10%+ drop at 26%, 0.9× the 29% 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.