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%
18.66
−38.7%
16%
23.52
−22.7%
25%
25.62
−15.8%
50% (median)
29.84
−1.9%
75%
34.52
+13.4%
84%
37.22
+22.3%
95%
44.37
+45.8%
MOVE
Move Odds
Up 5% or more (31.95)
37%
Up 10% or more (33.47)
30%
Down 5% or more (28.90)
44%
Down 10% or more (27.38)
35%
Options price a 10%+ drop at 35%, 1.0× the 35% 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.