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%
43.96
−31.7%
16%
53.96
−16.1%
25%
57.39
−10.8%
50% (median)
63.95
−0.6%
75%
70.69
+9.9%
84%
74.32
+15.5%
95%
84.03
+30.6%
MOVE
Move Odds
Up 5% or more (67.55)
36%
Up 10% or more (70.76)
25%
Down 5% or more (61.11)
38%
Down 10% or more (57.90)
27%
Options price a 10%+ drop at 27%, 0.9× the 28% 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.