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%
39.45
−15.9%
16%
42.02
−10.5%
25%
43.29
−7.8%
50% (median)
46.22
−1.5%
75%
49.85
+6.2%
84%
52.05
+10.9%
95%
58.95
+25.6%
MOVE
Move Odds
Up 5% or more (49.29)
28%
Up 10% or more (51.63)
17%
Down 5% or more (44.59)
36%
Down 10% or more (42.25)
17%
Options price a 10%+ drop at 17%, 0.9× the 19% 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.