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%
37.38
−29.1%
16%
43.38
−17.7%
25%
46.04
−12.6%
50% (median)
51.16
−2.9%
75%
56.63
+7.5%
84%
59.71
+13.3%
95%
68.85
+30.7%
MOVE
Move Odds
Up 5% or more (55.32)
30%
Up 10% or more (57.96)
21%
Down 5% or more (50.06)
44%
Down 10% or more (47.42)
31%
Options price a 10%+ drop at 31%, 1.0× the 32% 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.