CNBC analysis suggests an "implied correlation" anomaly in the Nasdaq 100, presenting a buying opportunity for investors.

The analysis points out that the implied correlation of Nasdaq 100 index options is currently low (1-month forward implied correlation is 0.177, near the three-year low of 0.128), making index options relatively cheaper than individual stock options. This offers investors a more capital-efficient way to go long on tech stocks by purchasing call options, while reducing the downside risk associated with directly buying QQQ (Nasdaq 100 index ETF). The article also mentions that upcoming midterm elections and earnings reports from tech giants could lead to market volatility.