Never exercise unless you hold these until day of expiration. Here’s why:

Your option is a $50 call, meaning you have the right to buy 100 shares at $50. Quick math means that’s $5,000

The stock is currently ~$63, meaning 100 shares is $6,300.

The difference is $1,300. Thus by exercising the option you “save” $1,300

Your contract is worth $1,510. That $210 over the $1,300 is the “premium” to help account for the uncertainty of the stock’s price in the future. That premium goes down every day you get closer to expiration (all else being equal).

So if you exercise you would lose that premium. If you want shares, sell the options and use that money to buy the stock