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%
14.53
−38.6%
16%
18.79
−20.7%
25%
20.37
−14.0%
50% (median)
23.42
−1.1%
75%
26.57
+12.2%
84%
28.26
+19.3%
95%
32.79
+38.4%
MOVE
Move Odds
Up 5% or more (24.87)
37%
Up 10% or more (26.05)
28%
Down 5% or more (22.50)
42%
Down 10% or more (21.32)
32%
Options price a 10%+ drop at 32%, 0.9× the 34% 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.