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.
| Chance below | Price | vs spot |
|---|---|---|
| 5% | 82.28 | −29.5% |
| 16% | 95.94 | −17.8% |
| 25% | 102.48 | −12.2% |
| 50% (median) | 115.30 | −1.2% |
| 75% | 128.86 | +10.4% |
| 84% | 136.28 | +16.7% |
| 95% | 156.65 | +34.2% |
| Up 5% or more (122.60) | 35% |
|---|---|
| Up 10% or more (128.44) | 26% |
| Down 5% or more (110.92) | 41% |
| Down 10% or more (105.08) | 29% |
Options price a 10%+ drop at 29%, 0.9× the 31% 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.