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%
404.97
−16.9%
16%
453.80
−6.9%
25%
467.13
−4.1%
50% (median)
490.37
+0.6%
75%
512.89
+5.2%
84%
525.01
+7.7%
95%
559.80
+14.9%
MOVE
Move Odds
Up 5% or more (511.72)
26%
Up 10% or more (536.09)
11%
Down 5% or more (462.98)
22%
Down 10% or more (438.62)
10%
Options price a 10%+ drop at 10%, 1.2× the 8.4% 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.