If you were a Fibonacci expert you would say 2.95-4.35, the first run up, was $1.40.
So the 161.8% extension would put a target at
$4.35 + 1.61 x $1.40 = $6.60
Woah, how close is that to the options price!!!
How many light years from $3.62 and $2.49?
Not counting eggs or chickens, these things never work out to plan.