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%
348.26
−27.0%
16%
430.86
−9.7%
25%
447.75
−6.2%
50% (median)
477.20
+0.0%
75%
506.91
+6.2%
84%
523.53
+9.7%
95%
573.12
+20.1%
MOVE
Move Odds
Up 5% or more (501.04)
29%
Up 10% or more (524.90)
15%
Down 5% or more (453.32)
29%
Down 10% or more (429.46)
15%
Options price a 10%+ drop at 15%, 0.9× the 17% 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.