Barclays Research’s view: Correlations among large technology stocks are near their lowest levels since the AI boom began, so worst-of call option structures on MSFT, GOOGL, META and ORCL, AMZN, AAPL remain attractive. Conditions: Correlations among large technology stocks rise significantly, or any basket constituent persistently underperforms by a wide margin and depresses the returns of the worst-of structure.
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Barclays Research’s view: Correlations among large technology stocks are near their lowest levels since the AI boom began, so worst-of call option structures on MSFT, GOOGL, META and ORCL, AMZN, AAPL remain attractive. Conditions: Correlations among large technology stocks rise significantly, or any basket constituent persistently underperforms by a wide margin and depresses the returns of the worst-of structure.