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%
6.13
−38.0%
16%
7.64
−22.6%
25%
8.31
−15.9%
50% (median)
9.73
−1.5%
75%
11.34
+14.8%
84%
12.25
+24.0%
95%
14.80
+49.8%
MOVE
Move Odds
Up 5% or more (10.37)
39%
Up 10% or more (10.87)
31%
Down 5% or more (9.39)
44%
Down 10% or more (8.89)
35%
Options price a 10%+ drop at 35%, 0.9× the 37% 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.