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%
245.94
−27.1%
16%
275.02
−18.5%
25%
291.71
−13.6%
50% (median)
332.26
−1.6%
75%
379.65
+12.5%
84%
404.13
+19.7%
95%
456.62
+35.3%
MOVE
Move Odds
Up 5% or more (354.40)
37%
Up 10% or more (371.27)
29%
Down 5% or more (320.64)
43%
Down 10% or more (303.77)
32%
Options price a 10%+ drop at 32%, 0.9× the 35% 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.