HTML Option Tag with Value set as an Anchor

I am updating some super legacy code and I am unsure how to make this HTML5 compatible.

<option value='<a href='http://localhost:8080/dm?id=&#037;&#037;SUBSCRIBER_ID_TAG&#037;&#037;'>View in a browser window</a>'>Display Me开发者_如何学JAVAssage(HTML Version)</option>

I personally have never run across something like that so any help would be great.

---

Do you have access to the server side code? I'm presuming that somehow this value is populating a page.. I'd recommend you just pass the URL for the value, and in your server side code (or even if it's rendering in JavaScript) build link. Moreover, I suspect this code is highly susceptible to XSS, since it apparently renders whatever HTML is passed along.