Staring a 5.2K profit in the face

So today I experienced some rare market action as the VIX dived quite suddenly mid-day and XIV correspondingly spiked to a 5.2K profit. Since the VIX is basically at super lows, the only thing which really could be going for me with XIV is the 13-14% contango rolling addition. I suppose the vix could drop another 10% but this really just isn't all that likely ya know? So basically I'm sort of playing with fire at this point by sticking in this trade. I should also put a ratio spread going long vix at this point.

And now there was a terrorist attack in France so the markets are likely to have a couple rough days. Not really the best setup for me. Well, I suppose live and learn. We shall see.