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%
43.37
−39.8%
16%
54.89
−23.8%
25%
59.77
−17.0%
50% (median)
70.15
−2.6%
75%
82.16
+14.1%
84%
89.16
+23.8%
95%
110.18
+53.0%
MOVE
Move Odds
Up 5% or more (75.61)
37%
Up 10% or more (79.21)
30%
Down 5% or more (68.41)
46%
Down 10% or more (64.81)
37%
Options price a 10%+ drop at 37%, 1.0× the 37% 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.