Pete, if there is a monster divident first year similar to HML,...

Pete, if there is a monster divident first year similar to HML, most people will exercise their options into stocks, for the dividend but why is there unfavourable CGT implications? From my understanding your 1 year until CGT discount would start upon excerise, the exercising isn't a tax event right? So do you feel holding stock from day one is better rather than options? Do option prices stag around the divident date so could you just sell the oppies as oppies and that would be a CGT state with less than a year.. Sorry this will be important in the coming year some wisdom would be helpful! Because I'm undecided if I'll go oppies or shares