Thoughts on $IDR options with the recent drop

Watching $IDR closely after that pretty significant -4.04% move today, now sitting around 28.605. It's really testing the lower end of what I considered a consolidation range between 28.188 and 29.18. If it breaks decisively below 28.188, especially on continued volume, I'd expect puts to get considerably more expensive as we could see a push towards 27.500 or lower. My current read suggests this could be a good spot to consider covered calls if you're long the underlying and think it'll bounce, but a sustained break below 28.188 would invalidate that thesis pretty quickly and indicate further downside is probable.