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%
113.12
−15.1%
16%
123.49
−7.3%
25%
126.98
−4.7%
50% (median)
133.51
+0.2%
75%
140.81
+5.6%
84%
145.77
+9.4%
95%
175.01
+31.3%
MOVE
Move Odds
Up 5% or more (139.94)
27%
Up 10% or more (146.61)
15%
Down 5% or more (126.62)
24%
Down 10% or more (119.95)
10%
Options price a 10%+ drop at 10%, 0.7× the 16% 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.