Me? I woulda reraised it preflop because I have AK and I have position. Moreso the fact that I have position. Let's make it $1.50-$1.75, somewhere about there.

If I don't raise there, I'm definitely raising the turn. What am I afraid of here? and if I don't raise on the turn, exactly what do I plan on doing on the river? Raise to $5 - $5.75

Third best option raise on the flop. However, this might chase away hands that I'm beating and since I didn't raise preflop, I'll let him keep thinking that his hand is good until the turn. Raise to $2.50

Fourth best option: no raising - kinda what ahppened here.

Anyway, man, those are my choices and reasoning. Good luck and ask i fyou have any questions. If I don't respond, you can always PM me as well.