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%
57.79
−39.0%
16%
72.59
−23.3%
25%
92.83
−1.9%
50% (median)
98.55
+4.1%
75%
100.58
+6.3%
84%
101.15
+6.9%
95%
105.36
+11.3%
MOVE
Move Odds
Up 5% or more (99.39)
40%
Up 10% or more (104.13)
7.3%
Down 5% or more (89.93)
22%
Down 10% or more (85.19)
21%
Options price a 10%+ drop at 21%, 15.4× the 1.4% 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.