hi; i'm doing well, thanks; and i'd pick #1
sounds quite neat, and basically it's noise in your brain which you cannot turn off - so the same thing as soundwaves, BUT with the added bonus that i'll always know what the person i'm talking to is thinking
you could become a master manipulator, an incredible mind-reader (The Mentalist, anyone?), a lie-detector for your government/secret service or some shit, be an awesome cop or (medical) psychotherapist, be the éminence grise behind... whatever
i almost only see win-situations there!
of course, on the downside, as they put it in Urza's Saga: "The most disappointing thing about learning telepathy is finding out how boring people really are." -Teferi, fourth-level student
i'm gonna take that risk - gimme mind reading!!