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%
68.78
−40.4%
16%
99.72
−13.6%
25%
105.86
−8.2%
50% (median)
116.37
+0.9%
75%
126.81
+9.9%
84%
132.69
+15.0%
95%
152.08
+31.8%
MOVE
Move Odds
Up 5% or more (121.13)
38%
Up 10% or more (126.90)
25%
Down 5% or more (109.59)
33%
Down 10% or more (103.82)
22%
Options price a 10%+ drop at 22%, 0.9× the 24% 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.