A 47-year-old man presents with intermittent palpitations that have increased in frequency. An ECG shows Wolff-Parkinson-White syndrome transitioning to a supraventricular tachycardia over 200 bpm. Options for treatment include observation, electrical cardioversion, or chemical cardioversion using drugs that slow accessory pathway conduction without blocking the AV node, such as procainamide. The safest option is likely observation with cardioversion standby given the patient's history of self-terminating episodes.