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%
47.75
−30.9%
16%
61.05
−11.7%
25%
63.37
−8.3%
50% (median)
67.11
−2.9%
75%
71.27
+3.1%
84%
74.03
+7.1%
95%
87.60
+26.7%
MOVE
Move Odds
Up 5% or more (72.59)
20%
Up 10% or more (76.04)
12%
Down 5% or more (65.67)
39%
Down 10% or more (62.22)
20%
Options price a 10%+ drop at 20%, 1.1× the 18% 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.