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%
42.22
−30.8%
16%
51.26
−16.0%
25%
57.21
−6.3%
50% (median)
62.10
+1.7%
75%
65.36
+7.1%
84%
67.38
+10.4%
95%
105.95
+73.6%
MOVE
Move Odds
Up 5% or more (64.10)
34%
Up 10% or more (67.16)
17%
Down 5% or more (58.00)
27%
Down 10% or more (54.95)
21%
Options price a 10%+ drop at 21%, 0.7× the 29% 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.