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%
4.81
−62.8%
16%
8.92
−31.1%
25%
10.46
−19.1%
50% (median)
12.71
−1.8%
75%
14.90
+15.2%
84%
16.22
+25.4%
95%
22.45
+73.5%
MOVE
Move Odds
Up 5% or more (13.59)
39%
Up 10% or more (14.23)
31%
Down 5% or more (12.29)
45%
Down 10% or more (11.65)
37%
Options price a 10%+ drop at 37%, 0.9× the 39% 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.