I sold cash secured put options (12.5 strike for Nov) and got burned really badly (was down -200+%, now -100%, break even is 11.85). These options have little time value left (5 cents). I'm neutral to bullish on ATVI. I think a target price of $12.50 for this year and $14.50 for next year. Is it better idea to take delivery or roll them out 2 months later with a better chance for them to expire worthless?

I'm thinking of waiting 2 weeks to around expiration, if it is in low 11s, to take delivery and then sell $11 puts and leverage up (2x), or if near $12.50, to roll November short puts out 2 months forward and collect a 40 cent premium.