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%
47.93
−26.2%
16%
53.87
−17.1%
25%
57.07
−12.2%
50% (median)
64.84
−0.2%
75%
72.39
+11.4%
84%
76.11
+17.1%
95%
84.17
+29.5%
MOVE
Move Odds
Up 5% or more (68.24)
38%
Up 10% or more (71.49)
28%
Down 5% or more (61.74)
39%
Down 10% or more (58.49)
30%
Options price a 10%+ drop at 30%, 1.0× 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.