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%
19.05
−37.6%
16%
23.99
−21.4%
25%
26.12
−14.5%
50% (median)
30.43
−0.3%
75%
34.97
+14.5%
84%
37.37
+22.4%
95%
43.53
+42.6%
MOVE
Move Odds
Up 5% or more (32.06)
40%
Up 10% or more (33.58)
32%
Down 5% or more (29.00)
41%
Down 10% or more (27.48)
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.