Option 2 vs 3

I am thinking of taking option 3 as have lost 80% of the value anyway. It's not a large holding and so not really seeing the point of getting 500$ now. Does anyone know how we can sell it in the future in case things get rosy? I am OK with Total loss as it's not a huge amount. Just weighing up between option 2 & 3. What are most people doing and why? Would love to hear your reasons. thank you