On open, assuming it happens, what are peoples thoughts of a...

On open, assuming it happens, what are peoples thoughts of a sell strategy?

I see two options:
1. Sell on open at market value
2. Wait out the initial sell, then sell on a bounce

Obviously they both come with conditions. For both option 1 and 2 i assume that it does open. For option 2, this is assuming that anyone would want to buy it for any price.

Is anyone tossing up between these two options?