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%
106.53
−42.8%
16%
138.97
−25.4%
25%
152.50
−18.1%
50% (median)
180.67
−3.0%
75%
211.90
+13.7%
84%
229.31
+23.1%
95%
277.33
+48.8%
MOVE
Move Odds
Up 5% or more (195.63)
37%
Up 10% or more (204.95)
30%
Down 5% or more (177.00)
47%
Down 10% or more (167.68)
38%
Options price a 10%+ drop at 38%, 1.0× the 40% 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.