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%
84.37
−22.0%
16%
98.33
−9.1%
25%
102.11
−5.6%
50% (median)
108.54
+0.4%
75%
114.69
+6.1%
84%
118.00
+9.1%
95%
127.55
+18.0%
MOVE
Move Odds
Up 5% or more (113.54)
29%
Up 10% or more (118.94)
14%
Down 5% or more (102.72)
27%
Down 10% or more (97.32)
14%
Options price a 10%+ drop at 14%, 0.8× 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.