$Apple (AAPL.US)$ Jefferies published a research report, dow...

$Apple (AAPL.US)$ Jefferies released research reports, downgrading Apple's rating from "buy" to "hold" with a target price of $205, citing "overly high" expectations for the iPhone.
Apple's stock price has rebounded over 30% from its lows in April, with most of the increase reflecting optimistic sentiment that AI capabilities will drive consumer upgrades of smartphones and accelerate profit growth.
However, early signs indicate mixed market demand.

Trade strategy - AAPL (Apple), bear market put spread combination

Buy Put on November 1st, with a strike price of $225, paying a premium of $8;
Sell Put on November 1st with a strike price of $220 and receive a premium of $5.68.
Maximum profit: $268;
Maximum loss: $232;
Profit range: Stock price below $222.68.