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%
25.71
−39.6%
16%
32.17
−24.4%
25%
35.66
−16.2%
50% (median)
42.21
−0.8%
75%
48.92
+15.0%
84%
52.54
+23.5%
95%
62.33
+46.5%
MOVE
Move Odds
Up 5% or more (44.68)
40%
Up 10% or more (46.81)
32%
Down 5% or more (40.42)
43%
Down 10% or more (38.30)
34%
Options price a 10%+ drop at 34%, 1.0× the 36% 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.