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%
272.27
−23.7%
16%
307.34
−13.8%
25%
326.63
−8.4%
50% (median)
362.57
+1.6%
75%
396.73
+11.2%
84%
413.30
+15.9%
95%
450.76
+26.4%
MOVE
Move Odds
Up 5% or more (374.56)
41%
Up 10% or more (392.39)
28%
Down 5% or more (338.88)
33%
Down 10% or more (321.05)
22%
Options price a 10%+ drop at 22%, 1.0× 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.