I almost was not able to get this blog done over the weekend due to a phantom knee injury, but that’s another story… Part 2 of the Barron’s Roundtable was published in this weekend’s edition. For those that are unfamiliar with the Barron’s Roundtable, this is an annual discussion published by Barron’s that includes a handful of the best and brightest market participants in the world. Felix Zulauf of Zulauf Asset Management in Switzerland included a long position in VIX Futures contracts among his recommended holdings in 2011. His outlook is for some sort of pullback in the US stock market that would result in a spike in market volatility. He notes the market correction last April to July resulted in the VIX Index moving from 17 to 48. This past Friday the VIX Index closed at 18.47. Steven Sears’ Striking Price column also has a recommendation based on the VIX moving higher over the near term. Jim Strugger of MKM Partners recommends a bullish VIX option strategy based on the VIX moving up to 30 in short order. Options Action on CNBC – The show kicked off with bearish sentiment among all the panelists citing the negative reaction by some key stocks to positive earnings results last week. There was a recommendation for a bearish strategy on Netflix (NFLX) into their earnings report this Wednesday. The group also discussed a bearish strategy on Amazon (AMZN) before earnings Thursday. There was a review of a bullish strategy on Goldman Sachs (GS) from the previous week’s show that has not worked out too well so far, but the feeling was to stick with the trade.