Time to sell calls (& call spreads)

Three or four weeks ago I wasn’t selling calls on anything. Everything was cheap. Everyone was selling everything. I think it’s safe to say that the sentiment has changed. Everyone has done terrific over the last 2 1/2 weeks. Without checking the exact numbers QQQ got to a low of about 555 and now we are around 650. 10% above the 100 day moving average is roughly 685. At this level of the market is over bought and it almost always has a pull back. Longer-term if we look at the 350 day moving average, anything about 22% above this average is overbought, doesn’t necessarily have a pull back as often, but it still usually means the market is pricey. That’s 685 for QQQ. In the short term, next couple weeks, I think it’s extremely unlikely QQQ gets to 700, up another 6% or so. Over the last couple weeks I read a lot of posts about how people are getting their shares called away. I think the better trade would be to sell call options on the indexes now, something at least 6% out of the money. Gotta cut this short, my daughter pooped, gotta change a diaper