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%
48.94
−22.9%
16%
54.98
−13.4%
25%
57.93
−8.7%
50% (median)
63.27
−0.3%
75%
68.72
+8.3%
84%
71.77
+13.1%
95%
79.57
+25.4%
MOVE
Move Odds
Up 5% or more (66.64)
33%
Up 10% or more (69.82)
21%
Down 5% or more (60.30)
35%
Down 10% or more (57.12)
22%
Options price a 10%+ drop at 22%, 1.0× 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.