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%
185.16
−21.1%
16%
208.34
−11.3%
25%
217.07
−7.5%
50% (median)
234.08
−0.3%
75%
251.88
+7.3%
84%
261.55
+11.4%
95%
287.69
+22.5%
MOVE
Move Odds
Up 5% or more (246.51)
32%
Up 10% or more (258.25)
19%
Down 5% or more (223.03)
33%
Down 10% or more (211.29)
19%
Options price a 10%+ drop at 19%, 0.9× the 20% 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.