Ended up selling my VXX June $17 call on Friday morning at $5.60.  I basically broke even on the trade if you take away the commissions.  I will continue to watch and am planing on reentering the position but since the market does not appear to want to go down, I may hold off.  Based on some articles I have read, I think I may go further out than June and possibly look at September or December expiration.