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If i'm in position with this hand i'll raise his bet on the flop hoping that he's got a top pair or a made flush and doesn't think I have one yet.

If i'm out of position like you are, i'll make a pot sized bet on the flop because they'll call that with a draw. Then i'll halfpot the turn, giving them just sweet enough odds to keep on drawing. Then on that river, i'd push all in hoping it looks like a desperate bluff that didn't get there and might look crazy enough to get a call from top pair, and for sure from a smaller flush. If they don't have a hand, you can't get paid which is the unfortunate part here, but you can't always flop the straight flush over ace high flush.

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I like this line as an alternative to PoBoy's, but there's no guarantee he comes along.

But poBoy: Get a grip, dude: you flopped the stone cold absolute f'ing nuts and got the guy to come along for half his stack.