I think option one would be better. You can use something like this:
http://www.partsexpress.com/pe/showdetl.cfm?&DID=7&Product_ID=6281&CATID=39
It is better than a regular y splitter cable.
http://www.partsexpress.com/pe/showdetl.cfm?&DID=7&Product_ID=6281&CATID=39
It is better than a regular y splitter cable.