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%
9.65
−41.3%
16%
13.37
−18.7%
25%
14.43
−12.2%
50% (median)
16.39
−0.3%
75%
18.42
+12.1%
84%
19.59
+19.2%
95%
23.60
+43.6%
MOVE
Move Odds
Up 5% or more (17.26)
38%
Up 10% or more (18.08)
28%
Down 5% or more (15.61)
39%
Down 10% or more (14.79)
29%
Options price a 10%+ drop at 29%, 0.9× the 33% 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.