Exercise Priority helps compare vested, unexercised options. The displayed score runs from 0 to 100; a higher score identifies a stronger candidate to review for exercise.

The score compares an option's intrinsic value with its estimated Black-Scholes option value. Intrinsic value reflects the positive difference between the current share price and strike price. The option-value estimate also reflects factors such as volatility and time to expiration.

More remaining option value can make the value of waiting important. A high score should still be considered alongside cash needs, expiration, liquidity, and taxes.

Open the client → Equity and review Unexercised Options Analysis. In the manual builder's Equity Inventory, Exercise Priority is also available as an ordering choice.

Before relying on a score, check the company's price/volatility inputs and the grant's strike and expiration dates. A zero or unexpected score is a reason to inspect the inputs and whether the option has intrinsic value; it is not proof that the grant needs no attention.

Model the candidate exercise in a manual plan, review Cashflow for funding, and check Tax. For ISOs, review AMT and disposition timing.

The score is a planning aid. It does not authorize or execute an exercise.