Having friends who had the same experience, that's been my attitude as well, but since I have a knack for sounding like I know exactly what I'm talking about even when I don't, let me candidly say that this attitude cost me a low but significant amount of money when my last employer got acquired. I didn't exercise my options.

I don't regret it, because the money I'd've spent to exercise helped get me through year #1 at Matasano, but if it hadn't, I might be upset.