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%
43.98
−26.2%
16%
50.58
−15.1%
25%
55.02
−7.6%
50% (median)
60.46
+1.5%
75%
65.03
+9.2%
84%
67.51
+13.3%
95%
77.17
+29.6%
MOVE
Move Odds
Up 5% or more (62.55)
38%
Up 10% or more (65.53)
23%
Down 5% or more (56.59)
31%
Down 10% or more (53.61)
21%
Options price a 10%+ drop at 21%, 1.0× the 22% 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.