Biotech Values

[ghmm]

Options Tax Question/advice:

I am coming up on 1 year for SRPT (call) options I bought strikes of 30 and 35. I am trying to figure out the best strategy to take (for tax purposes). Assuming I want to hold the equivalent shares for some time longer. What are the advantages/disadvantages of exercising and holding vs. selling the options and buying stock?

I am not clear on if I exercise the options if am taxed at the strike price would it be less the price I paid for the options? If so (assuming no premium/discount to share price) wouldn't it be better to sell the options and only pay taxes on the gain in options premium and buy the stock and have a higher cost basis?

Appreciate any clearity anyone can give. Thanks!