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%
277.48
−34.7%
16%
403.35
−5.0%
25%
411.95
−3.0%
50% (median)
425.54
+0.2%
75%
438.97
+3.3%
84%
447.26
+5.3%
95%
482.21
+13.5%
MOVE
Move Odds
Up 5% or more (446.02)
17%
Up 10% or more (467.26)
7.9%
Down 5% or more (403.54)
16%
Down 10% or more (382.30)
8.0%
Options price a 10%+ drop at 8.0%, 1.1× the 7.3% 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.