>With the PPS where it is, now would be a good time to exercise some of those options.<
If good news is coming, it is indeed an opportune time to exercise options in order to reduce the tax hit on eventual gains.
The SEC does not consider option exercises based on non-public information to be an insider-trading violation. However, the internal policies at some companies nevertheless prohibit such exercises.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”