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%
4.05
−56.3%
16%
6.56
−29.3%
25%
7.61
−18.0%
50% (median)
9.11
−1.9%
75%
10.53
+13.4%
84%
11.36
+22.4%
95%
15.06
+62.2%
MOVE
Move Odds
Up 5% or more (9.74)
38%
Up 10% or more (10.21)
30%
Down 5% or more (8.82)
44%
Down 10% or more (8.35)
36%
Options price a 10%+ drop at 36%, 0.9× the 39% 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.