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%
32.43
−48.7%
16%
52.33
−17.2%
25%
56.12
−11.2%
50% (median)
62.07
−1.8%
75%
68.23
+8.0%
84%
72.16
+14.2%
95%
97.13
+53.7%
MOVE
Move Odds
Up 5% or more (66.34)
31%
Up 10% or more (69.50)
22%
Down 5% or more (60.03)
40%
Down 10% or more (56.87)
27%
Options price a 10%+ drop at 27%, 0.9× the 30% 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.