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%
173.36
−24.1%
16%
201.28
−11.8%
25%
209.97
−8.0%
50% (median)
226.30
−0.9%
75%
243.38
+6.6%
84%
252.90
+10.8%
95%
280.05
+22.7%
MOVE
Move Odds
Up 5% or more (239.73)
29%
Up 10% or more (251.14)
17%
Down 5% or more (216.89)
35%
Down 10% or more (205.48)
20%
Options price a 10%+ drop at 20%, 0.9× the 22% 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.