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%
45.94
−30.5%
16%
57.64
−12.8%
25%
60.79
−8.0%
50% (median)
66.44
+0.5%
75%
72.13
+9.1%
84%
75.27
+13.9%
95%
84.58
+28.0%
MOVE
Move Odds
Up 5% or more (69.39)
36%
Up 10% or more (72.70)
23%
Down 5% or more (62.79)
33%
Down 10% or more (59.48)
21%
Options price a 10%+ drop at 21%, 0.9× the 23% 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.