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%
24.35
−27.7%
16%
28.36
−15.7%
25%
30.05
−10.7%
50% (median)
33.62
−0.1%
75%
37.82
+12.4%
84%
40.38
+20.0%
95%
47.72
+41.8%
MOVE
Move Odds
Up 5% or more (35.33)
38%
Up 10% or more (37.02)
29%
Down 5% or more (31.97)
38%
Down 10% or more (30.29)
26%
Options price a 10%+ drop at 26%, 1.0× the 27% 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.