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%
94.60
−15.9%
16%
102.66
−8.7%
25%
105.79
−5.9%
50% (median)
111.93
−0.5%
75%
119.23
+6.0%
84%
124.43
+10.6%
95%
169.37
+50.6%
MOVE
Move Odds
Up 5% or more (118.10)
28%
Up 10% or more (123.72)
17%
Down 5% or more (106.85)
29%
Down 10% or more (101.23)
13%
Options price a 10%+ drop at 13%, 0.7× the 18% 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.