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%
297.35
−40.7%
16%
380.77
−24.1%
25%
416.50
−17.0%
50% (median)
491.04
−2.1%
75%
572.48
+14.1%
84%
616.71
+22.9%
95%
730.44
+45.6%
MOVE
Move Odds
Up 5% or more (526.84)
38%
Up 10% or more (551.93)
30%
Down 5% or more (476.66)
45%
Down 10% or more (451.58)
36%
Options price a 10%+ drop at 36%, 1.0× the 38% 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.