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%
23.32
−32.7%
16%
30.09
−13.2%
25%
31.95
−7.8%
50% (median)
34.73
+0.2%
75%
37.39
+7.9%
84%
38.96
+12.4%
95%
46.34
+33.7%
MOVE
Move Odds
Up 5% or more (36.38)
33%
Up 10% or more (38.12)
20%
Down 5% or more (32.92)
32%
Down 10% or more (31.19)
21%
Options price a 10%+ drop at 21%, 1.0× the 21% 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.