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%
47.45
−31.4%
16%
58.80
−14.9%
25%
64.99
−6.0%
50% (median)
70.35
+1.8%
75%
74.46
+7.7%
84%
76.82
+11.1%
95%
92.52
+33.8%
MOVE
Move Odds
Up 5% or more (72.59)
35%
Up 10% or more (76.05)
18%
Down 5% or more (65.68)
27%
Down 10% or more (62.22)
19%
Options price a 10%+ drop at 19%, 1.4× the 14% 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.