Replies to post #211596 on Biotech Values

[DewDiligence]

(RVNC)—Is there some tax advantage to buying [i.e. exercising] earlier?

Yes, for two reasons: 1) It starts the 1-year clock for long-term capital-gains treatment of an eventual sale; and 2) It minimizes the amount to be taxed as ordinary income, if you presume that the share price is going up.