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%
170.33
−28.1%
16%
215.04
−9.2%
25%
224.26
−5.3%
50% (median)
239.51
+1.1%
75%
253.93
+7.2%
84%
261.76
+10.5%
95%
286.04
+20.8%
MOVE
Move Odds
Up 5% or more (248.71)
33%
Up 10% or more (260.56)
17%
Down 5% or more (225.03)
26%
Down 10% or more (213.18)
15%
Options price a 10%+ drop at 15%, 0.9× the 16% 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.