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%
88.66
−21.4%
16%
102.61
−9.1%
25%
107.31
−4.9%
50% (median)
116.16
+3.0%
75%
126.02
+11.7%
84%
132.32
+17.3%
95%
167.02
+48.0%
MOVE
Move Odds
Up 5% or more (118.48)
43%
Up 10% or more (124.12)
29%
Down 5% or more (107.19)
25%
Down 10% or more (101.55)
14%
Options price a 10%+ drop at 14%, 0.7× the 19% 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.