Redemption was Nov/15 so it may be mostly over. However, I see market rallying throught mid-day and then once the big players come back from lunch, I see it pulling back.
GS just forecasted much worse economic condition than US gov, and they predict 9% unemployment. Even if the rally holds today, it's not going to run away too much and I see it setting up another nice put option play.
Based on various trendlines I studied for Dow, I see Dow topping out at 7800 at best today, and I see it going to 7200 in the near future, and then to 6800.