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%
32.34
−20.6%
16%
36.30
−10.9%
25%
38.06
−6.6%
50% (median)
40.61
−0.3%
75%
43.21
+6.1%
84%
44.99
+10.4%
95%
54.32
+33.3%
MOVE
Move Odds
Up 5% or more (42.78)
28%
Up 10% or more (44.81)
17%
Down 5% or more (38.70)
30%
Down 10% or more (36.67)
17%
Options price a 10%+ drop at 17%, 1.0× the 17% 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.