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%
28.23
−43.5%
16%
38.72
−22.5%
25%
42.46
−15.0%
50% (median)
49.84
−0.3%
75%
57.85
+15.7%
84%
62.43
+24.9%
95%
76.71
+53.5%
MOVE
Move Odds
Up 5% or more (52.48)
41%
Up 10% or more (54.98)
33%
Down 5% or more (47.48)
41%
Down 10% or more (44.98)
33%
Options price a 10%+ drop at 33%, 0.9× the 35% 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.