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%
58.51
−30.7%
16%
65.39
−22.6%
25%
69.14
−18.1%
50% (median)
78.37
−7.2%
75%
90.61
+7.3%
84%
98.36
+16.5%
95%
123.10
+45.8%
MOVE
Move Odds
Up 5% or more (88.65)
28%
Up 10% or more (92.87)
22%
Down 5% or more (80.21)
55%
Down 10% or more (75.99)
44%
Options price a 10%+ drop at 44%, 1.1× the 40% 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.