Here is a very cool way of passing data to another activity I read this somewhere else on Stackoverflow and always use it now. It may not fit your use-case but it sounds like it will.
For example, say you want to pass a parcelable "DataModel" from ActivityA to ActivityB.
Inside ActivityB create a public static method called 'start' like this.
private static final String DATAMODEL_KEY = "datamodel_key";
public static void start(Context context, DataModel dataModel) {
Intent intent = new Intent(context, ActivityB.class);
intent.putExtra(DATAMODEL_KEY, dataModel);
context.startActivity(intent);
}
To start ActivityB simply call the 'start' method above like this
ActivityB.start(this, datamodel);
Use 'this' if called from an activity, or 'getActivity()' from with a fragment.
This will contain the code for starting ActivityB inside ActivityB, like the private static final DATAMODEL_KEY field and such. To answer your question though, go with option 1 and use parcelables and try out the code I posted above to help with starting the Activity with the data.