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%
19.71
−39.0%
16%
25.55
−20.9%
25%
28.30
−12.4%
50% (median)
32.54
+0.7%
75%
36.41
+12.7%
84%
38.43
+18.9%
95%
44.09
+36.4%
MOVE
Move Odds
Up 5% or more (33.93)
40%
Up 10% or more (35.55)
30%
Down 5% or more (30.70)
38%
Down 10% or more (29.08)
29%
Options price a 10%+ drop at 29%, 0.9× the 30% 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.