c. (correl = 64%), 66% discount vs. avg single stock calls Top 20 candidates for inexpensive upside potential: Veolia (VIE FP), Standard Chattered (STAN Lk), Al Liquid (Al FP), lberdrola (IBE SO) and Munich Re (MUV2 GY) stand out 3M Stock Sector Short 3M 25d call Oute4yUnder(-) 25d Underperfomtan