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%
141.42
−30.5%
16%
180.22
−11.4%
25%
189.06
−7.0%
50% (median)
204.02
+0.3%
75%
218.36
+7.4%
84%
226.10
+11.2%
95%
248.69
+22.3%
MOVE
Move Odds
Up 5% or more (213.56)
32%
Up 10% or more (223.73)
18%
Down 5% or more (193.22)
31%
Down 10% or more (183.05)
18%
Options price a 10%+ drop at 18%, 0.8× the 22% 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.