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%
22.03
−28.9%
16%
25.74
−16.9%
25%
27.48
−11.3%
50% (median)
30.74
−0.8%
75%
34.12
+10.2%
84%
36.01
+16.2%
95%
41.69
+34.6%
MOVE
Move Odds
Up 5% or more (32.52)
36%
Up 10% or more (34.07)
25%
Down 5% or more (29.43)
39%
Down 10% or more (27.88)
28%
Options price a 10%+ drop at 28%, 1.0× the 29% 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.