The optimism around Apple’s (AAPL) new releases is offset by any concerns of a slowdown in consumer spending and further China risk, notes Tony Zhang. He talks about how further erosion of geopolitical tensions between the U.S. and China puts valuation into question. He discusses the bearish case for AAPL. He then demonstrates an example trade using AAPL. The trade type is a call vertical, and the direction is neutral to bearish. Tune in to find out more about the stock market today.