Hedging my bearish stance with the VXX

I decided to do a small hedge to mitigate my bearish stance specifically on my 15 May expiring TIF options.
- Sold Calls at a 40 Strike for 2.5 (6 Contracts)
- Covered my short by buying a call at 54 Strike for 0.62 (6 Contracts)

This gives me max earnings of around $1128.

- If the Market Crashes and TIF still doesn't move. My Visa and Expedia Shorts will come in to lock around +1.7K
- If Market stay or continues to range. I will lose a max of $9358. With my hedge saving me abit more than 10%

Best scenario for me is for the market to become bearish with TIFF following it below 15 May haha... sweat...

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Yea trade went well :)