Ingredients

• 1 cup aged rum
• 1 cup sweet vermouth
• 1/2 cup fresh lemon juice
• 1/4 cup simple syrup
• 4 dashes Angostura bitters
• 1/2 red apple, very thinly sliced, plus more for serving
• 3 (3x1") strips orange zest, very thinly sliced, plus more for serving
• 1 (12-ounce) bottle dry hard apple cider

Instructions

1. Combine rum, vermouth, lemon juice, simple syrup, and bitters in a large pitcher. Add 2 cups ice and stir until ice has mostly melted and punch is very cold. Stir in apple slices and orange zest; gently stir in cider.
2. Divide punch among ice-filled old-fashioned glasses and garnish with more apple slices and orange zest.
3. Punch (without apple, orange zest, and cider) can be made 1 day ahead. Chill.