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%
41.93
−33.9%
16%
57.99
−8.6%
25%
60.62
−4.4%
50% (median)
64.07
+1.0%
75%
66.98
+5.6%
84%
68.49
+8.0%
95%
72.47
+14.3%
MOVE
Move Odds
Up 5% or more (66.60)
28%
Up 10% or more (69.77)
11%
Down 5% or more (60.25)
23%
Down 10% or more (57.08)
14%
Options price a 10%+ drop at 14%, 1.2× the 12% 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.