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%
21.89
−35.8%
16%
29.30
−14.1%
25%
31.83
−6.7%
50% (median)
34.45
+1.0%
75%
36.51
+7.1%
84%
37.65
+10.4%
95%
42.68
+25.2%
MOVE
Move Odds
Up 5% or more (35.81)
33%
Up 10% or more (37.51)
17%
Down 5% or more (32.40)
29%
Down 10% or more (30.69)
20%
Options price a 10%+ drop at 20%, 1.0× the 20% 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.