Apple (AAPL) Struggles With NFL Deal, Chips, & Negative Sentiment

Apple (AAPL) has been downgraded to perform from outperform by Oppenheimer. Alex Coffey and Jenny Horne discuss how the Oppenheimer analyst says that increasing negative sentiment on Twitter could linger long-term. They talk about how AAPL is likely shifting Mac Pro production from China to Vietnam. They also note that AAPL pulled out of NFL Sunday ticket negotiations. Alex then demonstrates an example trade using AAPL. The trade type is a skewed put butterfly and the direction is neutral to bullish. Tune in to find out more about the stock market today.