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%
20.59
−33.8%
16%
25.02
−19.5%
25%
26.77
−13.9%
50% (median)
29.92
−3.7%
75%
33.97
+9.3%
84%
37.43
+20.4%
95%
52.53
+69.0%
MOVE
Move Odds
Up 5% or more (32.63)
31%
Up 10% or more (34.19)
24%
Down 5% or more (29.53)
47%
Down 10% or more (27.97)
34%
Options price a 10%+ drop at 34%, 1.1× the 30% 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.