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%
131.54
−31.4%
16%
157.43
−17.9%
25%
168.19
−12.3%
50% (median)
190.00
−0.9%
75%
212.91
+11.1%
84%
225.04
+17.4%
95%
256.10
+33.6%
MOVE
Move Odds
Up 5% or more (201.29)
37%
Up 10% or more (210.87)
27%
Down 5% or more (182.11)
40%
Down 10% or more (172.53)
29%
Options price a 10%+ drop at 29%, 0.9× the 31% 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.