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%
67.85
−16.3%
16%
74.07
−8.7%
25%
76.63
−5.5%
50% (median)
81.30
+0.3%
75%
85.87
+5.9%
84%
88.27
+8.8%
95%
94.72
+16.8%
MOVE
Move Odds
Up 5% or more (85.14)
28%
Up 10% or more (89.20)
13%
Down 5% or more (77.04)
27%
Down 10% or more (72.98)
13%
Options price a 10%+ drop at 13%, 1.1× the 12% 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.