Apple (AAPL) was downgraded to neutral from outperform by BNP Paribas. The analyst sees no major positive catalysts for the stock. Alex Coffey and Jenny Horne discuss this as Apple is facing some difficulty. They talk about how the street is positive in the mid to long-term on Apple, but the stock is struggling with supply and demand They also note how investors have seen Apple as a resilient stock. Alex then demonstrates an example trade using Apple. The trade type is sell put vertical and the direction is neutral to bullish. Tune in to find out more about the stock market today.