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%
37.46
−13.0%
16%
39.91
−7.3%
25%
40.82
−5.2%
50% (median)
42.53
−1.2%
75%
44.29
+2.9%
84%
45.30
+5.2%
95%
48.65
+13.0%
MOVE
Move Odds
Up 5% or more (45.20)
17%
Up 10% or more (47.36)
7.1%
Down 5% or more (40.90)
26%
Down 10% or more (38.75)
9.0%
Options price a 10%+ drop at 9.0%, 0.8× the 12% 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.