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%
87.81
−21.3%
16%
98.43
−11.7%
25%
103.08
−7.6%
50% (median)
110.72
−0.7%
75%
119.37
+7.0%
84%
125.91
+12.9%
95%
146.69
+31.5%
MOVE
Move Odds
Up 5% or more (117.10)
30%
Up 10% or more (122.67)
20%
Down 5% or more (105.94)
33%
Down 10% or more (100.37)
19%
Options price a 10%+ drop at 19%, 0.9× the 21% 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.