MSTR continues to break out and has now surged pass its 161.8% Fib Extension level. Next stop: $879.24. These extension charts for price targets are not perfect, but they do give some basis for option selection. Speaking of which, here is our Feb $700C, which a few weeks ago we almost gave up for worthless: Going forward we will have to look at March and April expirations once Feb goes off the board (in 16 days). These prices may look expensive now, but keep in mind MSTR was at $500 on Jan 27th, just five trading days ago. As for the huge spread in the bid-ask, now we know why.
