Might not be a bad idea. I'm thing about even writing some a couple handles up item out 3-4 months. If vix pops really hard and reaches extreme levels I think that is the best way to make money. The I've on the put will also probably be high so you'll benefit from the decrease in I've. Just some thoughts
The risk is if you get a buyin on your VXX short after hours and VXX plummets the next morning and your short puts jump in price. If you keep rolling over the puts so they're always $3 out of the money, or hedge with long puts even further out of the money, I'd sleep better.
So If I write a put for 35 and short at 37 and it goes to 34 I get 2 pts profit on my put + the premium on the put. I'll have to hand them over my shares at 35 (exerised). Lets say the price goes up, I lose money on my short but keep the premium. Theoretically Risk is unlimited if VXX soars.