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%
3.76
−37.1%
16%
4.57
−23.5%
25%
5.08
−15.0%
50% (median)
5.95
−0.5%
75%
6.80
+13.6%
84%
7.24
+21.1%
95%
8.41
+40.6%
MOVE
Move Odds
Up 5% or more (6.28)
40%
Up 10% or more (6.58)
31%
Down 5% or more (5.68)
41%
Down 10% or more (5.38)
32%
Options price a 10%+ drop at 32%, 1.0× the 34% 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.