Opened new NDX trade

The NDX is up into the upper BB and I have opened the following trade:

Sold five NDX Jun4 2014 3695/3700 Bear Call spread for a total initial credit of $8.50.

I'm a little nervous of the BB squeeze that seems to be going on right now. This will probably be the only trade I will keep open for the next week or so until some sort of bigger move happens. This way I will keep our risk lower in case we have an upward squeeze during the next couple weeks.