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%
157.75
−21.4%
16%
177.40
−11.6%
25%
185.82
−7.4%
50% (median)
201.29
+0.3%
75%
216.25
+7.7%
84%
223.81
+11.5%
95%
241.85
+20.5%
MOVE
Move Odds
Up 5% or more (210.77)
33%
Up 10% or more (220.81)
19%
Down 5% or more (190.70)
32%
Down 10% or more (180.66)
19%
Options price a 10%+ drop at 19%, 1.0× 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.