When you get assigned and the stock tanks, how do you handle Covered Calls from there?

Hey all, this is one of those messier parts of the Wheel in practice.  Once shares get assigned to you and the stock drops, the choices usually don’t look great: * sell Covered Calls below cost basis and risk getting called away too cheaply * wait for a rebound and collect nothing in the meantime * sell too far OTM and barely get paid For those who’ve been through this, what framework do you follow? * Do you anchor to cost basis? * Do you wait for green days / rebounds? * Do you sell calls anyway if the premium is decent enough? * Do you handle index ETFs differently from single names? * When do you give up trying to fix the trade and just treat it as a normal covered call situation? Interested in real world frameworks here, especially from people who’ve managed this multiple times.