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%
71.39
−37.4%
16%
98.07
−14.0%
25%
110.14
−3.4%
50% (median)
116.18
+1.9%
75%
119.38
+4.7%
84%
120.78
+5.9%
95%
126.26
+10.7%
MOVE
Move Odds
Up 5% or more (119.74)
22%
Up 10% or more (125.44)
5.4%
Down 5% or more (108.34)
22%
Down 10% or more (102.64)
17%
Options price a 10%+ drop at 17%, 10.6× the 1.7% 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.