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%
120.54
−41.4%
16%
160.99
−21.7%
25%
176.08
−14.4%
50% (median)
203.18
−1.2%
75%
230.65
+12.2%
84%
245.76
+19.5%
95%
289.39
+40.7%
MOVE
Move Odds
Up 5% or more (215.92)
37%
Up 10% or more (226.20)
28%
Down 5% or more (195.35)
42%
Down 10% or more (185.07)
32%
Options price a 10%+ drop at 32%, 0.9× the 34% 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.