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%
77.15
−13.8%
16%
82.25
−8.1%
25%
84.94
−5.1%
50% (median)
87.27
−2.5%
75%
90.78
+1.4%
84%
93.28
+4.2%
95%
105.24
+17.5%
MOVE
Move Odds
Up 5% or more (94.02)
14%
Up 10% or more (98.49)
8.1%
Down 5% or more (85.06)
25%
Down 10% or more (80.59)
11%
Options price a 10%+ drop at 11%, 0.5× the 23% 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.