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%
62.53
−18.9%
16%
70.72
−8.3%
25%
73.44
−4.7%
50% (median)
77.85
+1.0%
75%
82.13
+6.5%
84%
84.58
+9.7%
95%
92.13
+19.5%
MOVE
Move Odds
Up 5% or more (80.96)
31%
Up 10% or more (84.81)
15%
Down 5% or more (73.24)
24%
Down 10% or more (69.39)
13%
Options price a 10%+ drop at 13%, 1.4× the 9.2% 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.