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%
284.58
−23.8%
16%
323.92
−13.2%
25%
338.14
−9.4%
50% (median)
365.62
−2.0%
75%
395.21
+5.9%
84%
412.38
+10.5%
95%
469.64
+25.8%
MOVE
Move Odds
Up 5% or more (391.90)
27%
Up 10% or more (410.56)
17%
Down 5% or more (354.58)
39%
Down 10% or more (335.92)
23%
Options price a 10%+ drop at 23%, 0.8× the 30% 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.