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%
48.44
−25.9%
16%
57.34
−12.3%
25%
60.34
−7.8%
50% (median)
65.62
+0.3%
75%
70.76
+8.2%
84%
73.51
+12.4%
95%
81.29
+24.3%
MOVE
Move Odds
Up 5% or more (68.69)
34%
Up 10% or more (71.96)
21%
Down 5% or more (62.14)
32%
Down 10% or more (58.87)
20%
Options price a 10%+ drop at 20%, 0.9× 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.