Riding the Wave

Other than one option sold in $GUSH, just riding the wave today as the Upside Warning brings us higher. I’m going to sell my long $SPX Jan 12th 2750/2775 call spreads today for 13.75 or best I can get before the close. It may go higher tomorrow, but for that I have the same spread with Tuesday’s expiration.
I gotta believe we’re due for a consolidation period soon, but it’s hard to pick a top. Rather than my typical 5-weeks-out, I will probably try selling some shorter term call spreads, as they will lose their value very fast once we consolidate.