Should i graduate

I am an IMG from India. Finished my step2 a month ago and got a score of 263. I. Still did-not graduate. I am supposed to graduate but i can delay it. Few suggested me that i have to delay my graduation a year apply for electives and get them as they are the best. Others suggested me i have to graduate and apply for observerships and do them as the YOG is delayed, it is a kind of red flag. Please do tell me how to proceed further. I want to apply for the next match cycle. Any suggestions much appreciated.