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%
45.41
−28.6%
16%
55.67
−12.4%
25%
59.17
−6.9%
50% (median)
64.99
+2.3%
75%
70.28
+10.6%
84%
72.93
+14.7%
95%
79.51
+25.1%
MOVE
Move Odds
Up 5% or more (66.74)
41%
Up 10% or more (69.92)
26%
Down 5% or more (60.38)
29%
Down 10% or more (57.20)
19%
Options price a 10%+ drop at 19%, 1.0× the 19% 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.