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%
98.83
−21.8%
16%
109.76
−13.1%
25%
116.64
−7.7%
50% (median)
125.97
−0.3%
75%
135.57
+7.3%
84%
142.16
+12.5%
95%
165.53
+31.0%
MOVE
Move Odds
Up 5% or more (132.67)
31%
Up 10% or more (138.99)
20%
Down 5% or more (120.03)
33%
Down 10% or more (113.72)
20%
Options price a 10%+ drop at 20%, 0.9× the 22% 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.