All of the economic data was positive today. What makes you think that the jobs number will not be better. I would have at least waited for the jobs number in the morning before going long. Even if jobs number is bad, QE can get back into play. If a good number, the only force to take market down would be profit taking. I guess you are hedging your 400 VXX12 puts?
I am not hedging for VXX 12 puts, as I have already created a vertical 12/11 vertical spread and I will realize close to 52K tomorrow if VXX does not cross 11 by EOD tomorrow.
Though I believe jobs number should be reasonable, IMHO, today's rally was somewhat triggered due to short covering, we might see a small sell off tomorrow. Also, big economic meeting is scheduled over the weekend in Europe which might spike VIX.