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%
159.79
−14.9%
16%
175.84
−6.4%
25%
180.88
−3.7%
50% (median)
189.79
+1.0%
75%
198.03
+5.4%
84%
202.10
+7.6%
95%
211.53
+12.6%
MOVE
Move Odds
Up 5% or more (197.26)
27%
Up 10% or more (206.66)
9.2%
Down 5% or more (178.48)
20%
Down 10% or more (169.08)
9.1%
Options price a 10%+ drop at 9.1%, 1.4× the 6.6% 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.