You are an executive with a company and you were given 5000 stock options at $50.00 a share exercisable/cashable on May25th 2023. You are thinking of cashing in these options today because the share price is $65.00 but you know the company well and rumour has it the stock will be at $80.00 a share by October 2023. First part of the question, would you cash in the stock option now or would you wait (explain why) and the second part of the question, calculate the taxable portion if you decided to sell it today