Well, I played both sides of the position, anticipating news soon. I bought a straddle today, with a strike of 15. I had read somewhere that news was expected soon. I was lucky on the timing. I bought the 15s for Mar 22, spent about 1.32 for both puts and calls. The trade will prove profitable at a price of 13.60 or less, or 16.40 or more. I'm biased as I'm hoping for a good old fashioned sell-off in the morning. If that happens, I'll like close the put and go long.
In time this should recover, assuming the distributors aren't sitting on a bunch of product that hasn't been shipped to the end users.