If you want to slightly lower risk of having to buy more stock then the put strike should be lower than the current stock price. Since this stock is nearly 30% below where you bought it, you will have to go far out in time if you want to sell a call far enough above the current stock price to avoid a locked in loss. The risk here, like others have said, is if this stock keeps going down you will just keep going further in the hole. If you are confident it will go back up, eventually, you may be able to get your money back. A less risky thing is to not sell the put, just sell a long term call at a strike that will get you even if assigned.
You can also use a "stock replacement strategy" if you want to maintain a bullish posture, but reduce risk. If LEAPS are available you can sell your stock and buy a near the money call that is a year or more out in time.
But seeing how it has dropped nearly 30%, just selling and moving on may be the way to go. Stocks that hurt you like that can just keep on hurting you. Also, since you don't seem to be that experienced with options now may not be the best time to learn about them. Good luck.
