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%
37.86
−12.7%
16%
40.49
−6.6%
25%
41.52
−4.3%
50% (median)
43.48
+0.3%
75%
45.55
+5.0%
84%
46.79
+7.9%
95%
50.98
+17.6%
MOVE
Move Odds
Up 5% or more (45.53)
25%
Up 10% or more (47.70)
12%
Down 5% or more (41.20)
22%
Down 10% or more (39.03)
8.3%
Options price a 10%+ drop at 8.3%, 0.8× the 11% 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.