I can't for the life of me figure out what hook to use or how to rig this bait.  I bought some speckled trout glass color and would love to use them as a swim bait, but can't seem to visualize how to rig it.

Thanks

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That would make 2 heads on the bait and the hook would not be the correct position to catch the fish. Here is a picture of the bait. Would the correct way to present this bait be to nose hook it and present it via a drop shot rig?

Would the correct way to present this bait be to nose hook it and present it via a drop shot rig?

No. What ghoti suggested would be the best head for that bait. You could also just use any ball jig head. You could drop shot that bait but then you wouldn't really be using it as a swimbait like you wanted to.