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%
46.58
−20.3%
16%
52.41
−10.3%
25%
54.71
−6.3%
50% (median)
58.96
+0.9%
75%
63.08
+8.0%
84%
65.28
+11.8%
95%
72.07
+23.4%
MOVE
Move Odds
Up 5% or more (61.33)
35%
Up 10% or more (64.25)
20%
Down 5% or more (55.49)
29%
Down 10% or more (52.57)
17%
Options price a 10%+ drop at 17%, 0.7× the 23% 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.