Since there is a risk that it will continue lower, the only sensible thing is to go small, so here's my setup:
SUNE Covered Call
Buy 100 Shares at 3.31
Sell 1 contract Jan 15 4 call
I will look for a fill for both the shares and short call as a package for a 2.78 debit ($278).
If the price is below the short call at expiration, I will keep the credit for that (currently .57 or $57 at the mid) and reduce my cost basis in the underlying stock by $57 (not counting fees/commissions) from $331 to $274. I will then proceed to lather, rinse, repeat with the short calls, further reducing my cost basis in the 100 shares I own.
Naturally, if price is greater than $4 at expiration, my 100 shares will be called away for $4, and I will earn the $400 - the cost basis or $274 = $126 (excluding fees and costs), which would not be bad for such a small fry play.