DAX - Could be capped at 10,200

DAX:
Is lagging SP500 by some 17% in USD terms this year.
Has been strong recently.
Is expecting a lot from Draghi's QE.
But DAX has huge resistance in the area 10200.

There is a possibility we just had a 1 year topping process.

It is difficult to manage large size future on this ballistic index.

Solution: Buy 8500 Mar put for 56... Invest 50bp. can multiply by 20 if things really go sour or you amortise 12bp a month.