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%
49.09
−27.4%
16%
59.91
−11.4%
25%
65.03
−3.9%
50% (median)
71.92
+6.3%
75%
77.73
+14.9%
84%
80.70
+19.3%
95%
89.25
+32.0%
MOVE
Move Odds
Up 5% or more (71.02)
54%
Up 10% or more (74.40)
39%
Down 5% or more (64.25)
23%
Down 10% or more (60.87)
17%
Options price a 10%+ drop at 17%, 1.2× the 14% 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.