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%
11.24
−50.3%
16%
15.84
−29.9%
25%
19.15
−15.3%
50% (median)
23.79
+5.2%
75%
28.31
+25.2%
84%
31.06
+37.4%
95%
42.26
+86.9%
MOVE
Move Odds
Up 5% or more (23.74)
50%
Up 10% or more (24.87)
43%
Down 5% or more (21.48)
36%
Down 10% or more (20.35)
30%
Options price a 10%+ drop at 30%, 1.0× the 30% 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.