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Secretary of State Marco Rubio and Special Envoy Steve Witkoff are pushing back against a report saying they have discussed lifting sanctions on Russian energy assets, calling the anonymously sourced article from Politico ‘totally fictitious’ and ‘fake crap.’

The outlet released a report citing internal White House officials Thursday, indicating Witkoff and Rubio had been in discussions about potentially lifting energy-related sanctions as part of a wider peace negotiation to end the war in Ukraine.

‘This is false,’ Rubio and Witkoff said in a joint statement released by the White House. ‘Neither of us have had any conversations about lifting sanctions on Russia as part of a peace deal with Ukraine. This is just totally fictitious and irresponsible reporting from Politico, a fifth-rate publication. If they have an ounce of journalistic integrity, they will fully retract this piece of fiction.’

The report from Politico claimed ‘five people familiar with the discussions’ said Witkoff has been a ‘main proponent’ of lifting sanctions against Russian energy assets, including the Nord Stream 2 pipeline, one of the country’s main natural gas pipelines that goes to Europe. 

The Politico report claimed Rubio has tried to derail the efforts, saying there is an ongoing rift between U.S. energy export proponents and those who want to improve ties with Russia. 

When reached for comment, a Politico spokesperson said the outlet stands by its reporting.    

‘There isn’t even a kernel of truth to this story – Politico was played by their ‘sources’ yet again,’ Witkoff said in a separate statement posted by his X account after the report was published. ‘It’s embarrassing that they print this type of fake crap.’

‘More bulls— from the liars at Politico smearing Marco Rubio and Steve Witkoff with pure fake news,’ Donald Trump Jr. posted on X. ‘How do they get away with continuing to run these fake stories????’

‘I hope Politico has good defamation insurance coverage,’ Utah GOP Sen. Mike Lee wrote on social media. ‘Or maybe I don’t.’

‘Politico is a C-rated tabloid, fraught with poor sourcing and a TDS epidemic, pretending to be serious news,’ White House spokesperson Anna Kelly added. ‘This story is one of many pathetic tall tales that have been debunked, but their reporters are too desperate to report fake drama to discern truth from fact.’

Sanctions on Russia’s Nord Stream 2 pipeline were established during the first Trump administration and waived by President Joe Biden a few months after he entered office. However, Biden reinstituted the sanctions after Russia’s decision to enter into war with Ukraine. 

The energy sector has played a central role in the ongoing negotiations for a peace deal between Russia and Ukraine. The U.S. has reportedly proposed taking control of Ukraine’s nuclear power plants and is pushing to ink a critical minerals deal to help repay America’s military assistance. The U.S. has also reportedly floated the idea of taking over Ukrainian natural gas pipelines to help with the repayment. 

Russia and Ukraine recently ended a U.S.-brokered temporary truce, agreeing not to attack each other’s energy infrastructure, earlier this month.

But the negotiations reached a critical point after Vice President JD Vance said the U.S. is prepared to walk away from further ceasefire negotiations if the two sides do not strike a deal. Vance’s remarks were followed up by a post on Truth Social by the president, who blasted Ukraine President Volodymyr Zelenskyy for refusing to accept the annexation of Crimea as part of a peace deal.

‘We are very close to a Deal, but the man with ‘no cards to play’ should now, finally, GET IT DONE,’ Trump said of Zelenskyy in his post. 

Fox News Digital reached out to the White House for comment on this story but did not receive a response in time for publication.   

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A federal judge in New Hampshire on Thursday blocked the Trump administration from cutting funding to public schools that maintain diversity programs, a setback to its broader crackdown on DEI.

U.S. District Judge Landya McCafferty said the effort by Trump’s Education Department to block federal funding to public schools that continue to promote diversity, equity and inclusion (DEI) programs likely violates the First Amendment, presenting what she described as ‘textbook viewpoint discrimination.’

At issue is a memo sent by the Education Department this month to public schools nationwide, threatening to withhold Title I federal funds from public schools that continue to ‘unfairly’ promote DEI views or programs.

The effort sparked an immediate wave of concern, and lawsuits, across the country from education groups that cited the importance of Title I funds as a critical source of funding for many low-income public schools.

 

The DEI-slashing effort was met with a wave of court challenges, including a lawsuit filed by the National Education Association, the group’s New Hampshire affiliate chapter, and the Center for Black Educator Development, who challenged the case in New Hampshire’s federal court.

Two other U.S. courts are slated to hear similar challenges to the Education Department’s effort, with one case in Washington, D.C., expected to be heard as early as this week.

McCafferty’s ruling stopped short of issuing a nationwide injunction to block the policy in all 50 states. 

Rather, it blocks the Trump administration from halting the disbursement of Title I funds to any schools that employ or contract with plaintiffs in the lawsuit. 

‘The right to speak freely and to promote diversity of ideas and programs is … one of the chief distinctions that sets us apart from totalitarian regimes,’ McCafferty said in her 82-page opinion, adding that the actions taken by the Education Department ‘threate[n] to erode these foundational principles.’

She also said the Trump administration failed to provide the court with a sufficient definition of the DEI programs that were at risk as a result of the anti-DEI push.

The order comes after the Trump administration and the plaintiffs in the lawsuit reached a short-term agreement to delay the policy from taking force.

That agreement was slated to expire Thursday, prompting the court to rule on the matter.

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Leaders of a progressive group in the New York City suburbs are looking to protest a front-line House Republican’s town hall on Sunday night – and Fox News Digital got an inside look at their plans.

Footage from the Indivisible Rockland Organizing Committee’s monthly meeting on Wednesday shows one of the group’s leaders discussing ‘potentially [having] thousands of people out front’ of the event in West Nyack being held by Rep. Mike Lawler, R-N.Y., this weekend.

‘It is a long street, and we’re trying to fill the entire street, so everyone coming into the rally will see people there and recognize it’s not going to be all, like, sunshine and daisies,’ organizer Pascale Jean-Gilles can be seen saying.

Jean-Gilles is also a local elected official in Lawler’s district, serving on the Nyack Village Board of Trustees and as deputy mayor.

‘We want to be able to push back on some of the rules that we feel like are really cutting and chilling our First Amendment rights, like saying that we can’t record it. It’s a public meeting,’ Jean-Gilles said.

The demonstration outside Lawler’s town hall will be a joint-organized effort as well, Jean-Gilles said, with ‘local unions’ and other groups.

And while she made clear that her group was only behind the demonstration outside Lawler’s rally, the local elected official appeared to endorse disruptions inside the event as well.

She said the rally rules made it ‘very clear you cannot whoop or shout or yell,’ but added, ‘There will be things we’re not gonna want to hear from him, and we should be able to make it known.’

‘I think that it looks poorly upon him if he’s kicking people out for just booing him, because that is, as people have seen through thousands of Supreme Court cases, that’s an acceptable form of dissent, and it’s covered under First Amendment rights,’ Jean-Gilles said. 

‘Now, if people are shouting slurs and hate speech, that’s where I absolutely draw the line . . . that only feeds into his argument that we’re all crazy leftists and liberals, as opposed to people who live in this community.’

Jean-Gilles said she and other activists would also prepare suggested questions for town hall attendees.

‘We are prepared, and this will be something we may hand out on the day of – a couple of us have been working on just questions that we think that folks will either want to ask, or maybe want to add their own personal twist to,’ the official said. ‘So we’ll have those prepared for people, that just in case their number gets called, if you didn’t already think of one yourself, have a question that you can be prepared to ask.’

Indivisible is a national left-wing organization whose local offshoots have been targeting Republican town halls for much of this year, encouraging activists to disrupt the events from both inside and outside.

An event listed by Indivisible on the organizing platform Mobilize is advertising a full-day event beginning in New York City and ending at Lawler’s town hall on Sunday.

‘Republicans are planning to cut Medicaid, SNAP, and other vital programs to fund massive tax cuts for billionaires. Congress will be home for April Recess and must hear from us,’ the event summary read.

‘Join other activists to inform constituents in NY17/Tarrytown of this outrageous bill, urge them to phone Rep. Lawler to oppose it as well as attending Rep. Lawler’s Town Hall on April 27. We’ll be taking Metro North to Tarrytown.’

Democrats are poised to pour enormous time and resources into New York’s 17th Congressional District, where Lawler is widely seen as one of the most vulnerable House Republicans of the 2026 election cycle.

When reached for comment on plans to disrupt the upcoming town hall, Lawler spokesman Ciro Riccardi told Fox News Digital, ‘It is deeply disappointing that far-left radical groups like Indivisible Rockland are planning to disrupt the upcoming town hall.’

‘These actions undermine our democratic process by stifling civil debate, harming the very constituents who attend to discuss critical voter issues. We remain committed to fostering open, respectful dialogue and will take precautions to ensure a safe environment for all attendees,’ Riccardi said.

Jean-Gilles referred Fox News Digital to the Indivisible Rockland Organizing Committee for comment. 

When reached, the group’s steering committee said it had received ‘hundreds’ of messages from constituents who could not get into Lawler’s town hall.

‘In response, we decided to organize a peaceful demonstration outside the venue. This demonstration is meant to give voice to those who were excluded from the room but still want to be part of the democratic process. We want to make it clear that we are not organizing or endorsing any protest activity inside the town hall,’ Indivisible Rockland said. 

‘It is also important to recognize the truth of the matter: This so-called town hall offers very limited opportunities for real public engagement. That is not right, it is not fair, and, in fact, it goes against the spirit of the Constitution.’

Regarding Jean-Gilles, specifically, the group noted she was hosting the event in a personal capacity unrelated to her government role.

‘Her comments during what was a private organizing meeting reflected the consensus of our group and not her official role or anything related to the governance of Nyack. She accurately underscored our values of free expression and clear boundaries against hate speech and harassment,’ the group said.

‘We hope Congressman Lawler does more than just see this demonstration. We hope he listens. The people showing up are his constituents. They are families, workers, students and neighbors who care deeply about this community and are demanding to be heard. This demonstration is not just a sign of civic involvement, it is a message: We are watching, we are engaged, and we expect better from those in power.’

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OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some of their plans.

“There’s been really no significant change,” Kevin Miller, Amazon’s vice president of global data centers, said at a conference organized by the Hamm Institute for American Energy. “We continue to see very strong demand, and we’re looking both in the next couple years as well as long term and seeing the numbers only going up.”

The comments run contrary to worrying buzz building on Wall Street about tech companies changing data center buildout plans. Wells Fargo analysts said Monday that Amazon Web Services is pausing some leases on data center commitments, citing industry sources. The magnitude of the pause was unclear, the analysts said, but the comments raised fears that Amazon was doing something similar to Microsoft’s recent move to pull back on some early stage projects.

Miller said “there’s been little tea leaf reading and extrapolating to strange results” about Amazon’s plans.

Nvidia is also not seeing signs of a slowdown, said Josh Parker, the chipmaker’s senior director of corporate sustainability.

“We haven’t seen a pullback,” Parker said. China’s artificial intelligence startup DeepSeek sparked a sell-off in power stocks earlier this year as investors worried that its artificial intelligence model is more efficient and data centers might need as much energy as originally anticipated.

But Parker said Nvidia sees compute and energy demand only rising due to AI, describing the reaction to DeepSeek as “kneejerk.” Anthropic co-founder Jack Clark said 50 gigawatts of new power capacity will be needed by 2027 to support AI. That is the equivalent of about 50 new nuclear plants.

“Anthropic and the other AI companies, what we’re seeing is tremendous growth in the need for new baseload power. We’re seeing unprecedented growth,” Clark said.

The executives were speaking at a gathering of tech and energy companies at a conference in Oklahoma City organized by the Hamm Institute to discuss how the U.S. can address the growing energy needs for AI. There is a growing consensus in both industries that natural gas will be needed to meet the power needs.

This post appeared first on NBC NEWS

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On April 22, 2025, the U.S. Department of Health and Human Services (HHS) and U.S. Food and Drug Administration (FDA) announced their bold initiative to remove eight petroleum-based synthetic dyes in our nation’s food supply over the next two years, putting us more in line with our friends in the European Union, who have had many of these petroleum-based synthetic dyes banned for years. 

And all I can say is – it’s about time!

From M&Ms to Doritos, many of the foods we snack on contain one or more of the artificial food dyes now on the ‘chopping block’ in the U.S. In fact, a recent Wall Street Journal analysis discovered that 1 out of every 10 food products contains at least one synthetic dye. This means that foods we may not even expect to contain synthetic dyes – such as certain pickles or pre-made pie crusts – include them. 

But does it matter for our health and the health of our children?

In full transparency, the research is not conclusive. There are no clear causal studies showing that these petroleum-based artificial food dyes directly lead to cancer, mental health issues or obesity, among other health conditions. However, as U.S. FDA Commissioner, Dr. Marty Makary, and other health experts have highlighted, the growing body of scientific literature shows a clear correlation. 

For example, a report released by the state of California in 2021 suggested that synthetic food dyes are associated with hyperactivity and neurobehavioral issues in some children. Additionally, scientific research examining FD&C Red No. 3 found that it can cause cancer in rats; with no high-quality, human-based studies on the topic, do we really want to ignore this finding and risk FD&C Red No. 3 being a cancer-causing agent in family and friends?

It’s important to remember that a lack of causal studies does not mean these artificial food dyes are safe. The shortage of this level of scientific literature is not because of limited interest, but because such studies are incredibly challenging to conduct, with many environmental and other confounding factors at play that are extremely hard to account for appropriately in a robust way. 

So, while we may only have preliminary studies demonstrating a correlation between synthetic food dyes and health conditions, we must use common sense.

Petroleum-based synthetic food dyes offer no nutritional value. No one can argue they add a health benefit to food products, and – in fact – they are often used in ultra-processed foods that may be addictive and negatively impact an individual’s health and well-being. 

The goal of synthetic food dyes is to draw in customers to the attractive, long-lasting vibrant colors not found in nature. The use of these dyes may drive up sales for corporate America but – it seems – at the expense of our health and the health of the next generation of Americans.

While the process to remove petroleum-based synthetic food dyes from our food products has commenced officially in full force, we will not wake up tomorrow with grocery store shelves rid of these concerning chemicals. In the interim, we must work to be more educated and thoughtful consumers. 

By making it a habit to look at the ingredient list on food packages, we can know which foods have these artificial dyes and seek alternative products or forgo them altogether. I would urge all of us reduce our intake of products that include these synthetic dyes and focus on adding more whole foods and natural herbs to our diets.

The leadership shown by addressing this problem at the national level with clear guidelines and expectations provides much-needed clarity to all stakeholders, including not just companies who make food products but families as well. 

Importantly, the policy doesn’t ban foods or reduce choice; it simply works to make us a healthier nation. We will still have Froot Loops, for example, but the colors we have come to love will need to be created using natural alternatives like turmeric for yellow, beetroot for red, spirulina for blue-green, and carrots for orange, among others.

The Trump administration should be applauded for this important step forward in their ongoing effort to Make America Healthy Again, but there remains much to do to ‘fix’ our nation’s health and healthcare system. 

The opinions, thoughts, and ideas expressed in this article are those of the authors only and not necessarily those of any employers or institutions of which they are affiliated.

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If President Donald Trump’s 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom line.

The toy maker posted better-than-expected earnings on Thursday, but investors and analysts were more focused on the ongoing trade war Trump’s White House has waged against the toy industry’s biggest manufacturer.

Hasbro maintained the full-year guidance it issued last quarter, citing the uncertainty of the current tariff environment.

“Our forecast assumes various scenarios for China tariffs, ranging from 50% to the rate holding at 145% and 10% for the rest of world,” said Gina Goetter, chief financial officer and chief operating officer at Hasbro, during Thursday’s earnings call. “This translates to an estimated $100 million to $300 million gross impact across the enterprise in 2025. Before any mitigation.”

CEO Chris Cocks said during the company’s earnings call that “while no company is insulated, Hasbro is well positioned,” noting the company’s unchanged guidance is “supported by our robust games and licensing businesses and our strategic flexibility.”

“Prolonged tariff conditions create structural costs and heighten market unpredictability,” he said, adding, “ultimately tariffs translate into higher consumer prices.”

Cocks also warned of “potential job losses as we adjust to absorb increased costs and reduced profit for our shareholders.”

The company’s U.S. games business benefits from digital and domestic sourcing, as many of its board games are made in Massachusetts. Its Wizards of the Coast division, which includes Magic: The Gathering and Dungeons & Dragons, has a tariff exposure of less than $10 million, Cocks said, as much of the domestic product is made in North Carolina, Texas and Japan.

The company’s toy segment faces higher exposure, as a larger portion of those goods are made in China. Cocks said the company is exploring options for moving its supply chain to other countries.

“Some of that, though, comes with the cost,” he said. “When we manufacture board games in the U.S., it is significantly more expensive to manufacture here than it is in China.”

He added that the company can shift the sourcing of Play-Doh, for example, from China to its factory in Turkey. Under that scenario, Turkey manufacturers would redirect shipments from Europe to the U.S. and Chinese factories could fill in to supply the European market.

Other products are more difficult to triage, especially those that include electronics, high end deco and foam components, Cocks said.

“China will continue to be a major manufacturing hub for us globally, in large part due to specialized capabilities developed over decades,” he said.

Goetter said that much of the manufacturing changes would be seen in 2026 and are dependent on if those countries already have the capabilities and infrastructure in place to make certain products.

Hasbro is also accelerating its $1 billion cost savings plan in an effort to offset tariff pressures, but noted that price hikes are unavoidable.

“We are going to have to raise prices inside of 145% tariff regime with China,” Cocks said. “We’re just trying to do it as selectively as possible and minimize the burden to the fans and families that we serve.”

Both Goetter and Cocks admitted that Hasbro’s plans are flexible and will change as the tariff situation evolves. The company is hopeful for a “more predictable and favorable U.S. trade policy environment.”

“We’re trying to play both defense and offense at the same time,” Goetter said.

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U.S. spirit exports reached a record $2.4 billion in 2024, driven in large part by tariff concerns and ongoing global trade disputes.

That is according to the American Spirits Exports report published by trade association the Distilled Spirits Council of the United States on Thursday.

“U.S. spirits exports hit a new high in 2024, recapturing lost market share since the UK and EU lifted retaliatory tariffs that were applied between 2018-2021,” said DISCUS President and CEO Chris Swonger. “Unfortunately, ongoing trade disputes unrelated to our sector have caused uncertainty, keeping many U.S. distillers on the sidelines and curtailing sales growth.”

U.S. spirits exports to the EU surged by 39%, fueled by concerns over the potential return of a 50% tariff on American whiskey imports in 2025, which was suspended in 2022.

In March, Trump threatened to put 200% tariffs on French Champagne and other EU spirits, which led European world leaders — specifically from Ireland, France and Italy — to advocate for bourbon tariffs not to return as part of retaliatory measures.

The threat of that specific tariff has faded somewhat as the U.S. and EU continue trade negotiations.

Approximately 50% of U.S. spirits were exported to the EU — totaling $1.2 billion — making it the largest export market.

Exports to the rest of the world, however, declined by nearly 10%, the report found, which reflects the broader softening alcohol category.

Suntory Beam, the Japanese maker of Jim Beam bourbon whiskey, said in December it was preparing for tariffs by stockpiling supply in Europe. The company is already heavily reliant on France and the United Kingdom, which make up over 50% of its global exports market over the last eight years, according to global trade data from Panjiva.

Several of the top states for exports in 2024 are significant bourbon economies, according to the report.

Still, American whiskey exports, which accounted for 54% of all U.S. spirits exports, dipped 5.4% to $1.3 billion.

Swonger said that while outlook for spirits remains highly unpredictable with ongoing trade disputes, one fact rings true in the data: Exports go to countries that have eliminated tariffs.

“We are thankful for President Trump’s early success in securing India’s reduction of its tariff on Bourbon from 150% to 100%,” Swonger said. “It’s our hope that the administration builds on this positive momentum by securing additional tariff reductions in India and reducing trade barriers in other countries.”

Headwinds remain for the industry. Canada, the second largest market for U.S. spirits exports, imposed a 25% tariff in on alcohol coming over the border in March, and several provinces have removed product from shelves.

Distiller and brewers also face steel and aluminum tariffs that impact materials costs for brewers like Constellation Brands, which lowered long-term 2027 and 2028 guidance significantly around “the anticipated impact of tariffs.”

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OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some of their plans.

“There’s been really no significant change,” Kevin Miller, Amazon’s vice president of global data centers, said at a conference organized by the Hamm Institute for American Energy. “We continue to see very strong demand, and we’re looking both in the next couple years as well as long term and seeing the numbers only going up.”

The comments run contrary to worrying buzz building on Wall Street about tech companies changing data center buildout plans. Wells Fargo analysts said Monday that Amazon Web Services is pausing some leases on data center commitments, citing industry sources. The magnitude of the pause was unclear, the analysts said, but the comments raised fears that Amazon was doing something similar to Microsoft’s recent move to pull back on some early stage projects.

Miller said “there’s been little tea leaf reading and extrapolating to strange results” about Amazon’s plans.

Nvidia is also not seeing signs of a slowdown, said Josh Parker, the chipmaker’s senior director of corporate sustainability.

“We haven’t seen a pullback,” Parker said. China’s artificial intelligence startup DeepSeek sparked a sell-off in power stocks earlier this year as investors worried that its artificial intelligence model is more efficient and data centers might need as much energy as originally anticipated.

But Parker said Nvidia sees computer and energy demand only rising due to AI, describing the reaction to DeepSeek as “kneejerk.” Anthropic co-founder Jack Clark said 50 gigawatts of new power capacity will be needed by 2027 to support AI. That is the equivalent of about 50 new nuclear plants.

“Anthropic and the other AI companies, what we’re seeing is tremendous growth in the need for new baseload power. We’re seeing unprecedented growth,” Clark said.

The executives were speaking at a gathering of tech and energy companies at a conference in Oklahoma City organized by the Hamm Institute to discuss how the U.S. can address the growing energy needs for AI. There is a growing consensus in both industries that natural gas will be needed to meet the power needs.

This post appeared first on NBC NEWS

Companies with upcoming copper mines in the US could be poised to benefit from tailwinds in the sector, including copper supply deficits and the new administration promising to cut ‘red tape’ for critical minerals projects.

Copper demand is climbing quickly in recent years because of the rapid urbanization of the global south as well as the developing energy transition sectors. However, current copper mines are increasing in age and there is a lack of new copper mines to replace them, both due to limited greenfield exploration and long permitting times.

This has put the world’s copper supply in a difficult situation, and experts expect to see deficits begin to emerge in 2025.

Resource nationalism is also increasing in recent times, with countries heavily focused on building their own critical minerals supply chains. This caused the Biden administration to list copper as a critical mineral in late 2024, which would allow projects accelerated permits, investment incentives and national security enhancements.

Additionally, after new US President Donald Trump took office in January 2025, Trump issued an executive order that would slash red tape to increase domestic critical mineral production, including copper. The move has caused significant environmental concerns, but it could support US copper companies that have previously struggled to receive permits.

Further action to speed up permitting came on March 20, when Trump signed another executive order with the goal of increasing American mineral production. The order included requests to related federal agencies to identify suitable mining sites on federal land and provide a list of priority projects.

This was followed by an announcement by the White House on April 18 that 10 mining projects would be granted increased transparency, accountability, and predictability for the permitting review process, which will improve permitting times for critical mineral projects. The initial list includes two copper sites: the Resolution copper project in Arizona, which is covered in the list below, and an expansion of Lisbon Valley Mining Company’s Lisbon Valley mine in Utah.

In this article we dive into more than 25 US copper projects in the construction, restarting or permitting phase, based on data from mine database Mining Data Online (MDO) as of March 2025. MDO’s database focuses on publicly traded mining companies, so there may be US copper mines being developed by private companies that are not in this list.

Read on to learn about the advanced copper projects that could become new copper mines.

In this article

    Next US copper mine: Copper mines under construction

    Black Butte project

    Ownership: 87% – Sandfire Resources (TSXV:SFR)
    Mine type: Underground
    Deposit type: SEDEX, Stratabound

    Once it enters production, the Black Butte copper project in Montana is expected to produce 120,000 metric tons (MT) of copper concentrate annually. The site’s Johnny Lee deposit hosts proven and probable reserves of 8.8 million MT, containing 226,100 MT of copper at a grade of 2.6 percent.

    Sandfire had previously begun Phase I construction to mine the Johnny Lee deposit, but a Montana district court ruling overturned the prior Record of Decision in 2022 halted it. However, the Montana Supreme Court ruled in Sandfire’s favor in Q1 2024. With its mining permit reinstated, the company is now assessing Black Butte’s economics as it moves toward a final investment decision.

    Florence project

    Ownership:Taseko Mines (TSX:TKO,NYSE:TGB)
    Mine type: In-Situ
    Deposit type: Porphyry

    Located in Central Arizona, the Florence project is expected to produce 85 million pounds of copper annually. According to MDO, Florence will be one of the world’s most efficient copper producers, and copper produced on site will meet the London Metal Exchange grade A standard.

    Overall, the site’s proven and probable mineral reserves are 2.32 billion pounds of contained copper from 320 million MT of ore with an average grade of 0.36 percent copper. Construction at the site reached the 56 percent mark in December of 2024 and is on track for its first production by the end of 2025.

    Idaho Cobalt Operation

    Ownership:Jervois Global (ASX:JRV,OTC Pink:JRVMQ)
    Mine type: Underground
    Deposit type: Vein / narrow vein, sediment-hosted

    The Idaho Cobalt Operation (ICO) is located in Northern Idaho near the border with Montana. Even though the project is focused on cobalt production, over the seven-year life of the mine, it is planned to produce more than 15,000 MT of copper.

    While the ICO is still listed as under construction, Jervois Global halted development of the mine in March 2023 due to falling cobalt prices. As of Q4 2024, construction activities remain suspended and the company is focused on maintenance and environmental compliance.

    Next US copper mine: Mines being restarted

    Gunnison mine

    Ownership:Gunnison Copper (TSX:GCU,OTCQB:GCUMF)
    Mine type: In-Situ Recovery, Open Pit
    Deposit type: Skarn

    Gunnison Copper, previously named Excelsior Mining, is currently developing its Gunnison mine in Arizona as an open pit mining operation. Gunnison was originally scheduled to begin operating in 2020 as an in-situ recovery project, but startup was delayed due to low flow rates. Gunnison Copper has been evaluating different alternatives to overcome the challenges and obtained permits to begin well simulation using small-scale, shallow-level hydraulic fracking.

    However, the company determined that an open-pit operation has ‘substantially improved viability’ compared to the ISR operation at this time, and is now advancing the permitting process for the open pit. Gunnison intends to maintain the option of its fully permitted ISR operation and well stimulation.

    Once the open-pit mine is in operation, Gunnison estimates an average annual production of 167 million pounds of copper cathode. The probable mineral reserve for the in-situ operation as of 2016 is 4.5 billion pounds of copper from 782.2 million MT of ore with an average grade of 0.29 percent. The open pit’s 2024 mineral resource estimate showed a measured and indicated resource of 5.1 billion pounds of copper from 831.6 million MT of ore with an average copper grade of 0.31 percent.

    Sunshine mine

    Ownership: Sunshine Silver Mining and Refining
    Mine type: Underground
    Deposit type: Vein / narrow vein, mesothermal

    The Sunshine mine has seen production dating back to 1904, with the most recent being in 2008. The site sits within one of the most prolific mining areas of the Coeur d’Alene district in Idaho, United States. Since acquiring the project in 2010, Sunshine Silver Mining and Refining has spent more than US$100 million on-site upgrades and developments with the intent of restarting production before the end of the decade.

    According to MDO, the Sunshine property hosts “one of the highest-grade, large primary silver deposits in the world.” Once restarted, it will also produce copper and several other metals as byproducts, with planned average annual copper production of 1.12 million pounds.

    Next US copper mine: Copper mines in the permitting stage

    Antler project

    Ownership: New World Resources (ASX:NWC,OTC Pink:NWCBF)
    State: Arizona
    Mine type: Underground
    Deposit type: Volcanogenic massive sulfide (VMS)
    Commodities: Copper, zinc, lead, silver, gold

    As of February 2025, New World Resource’s Antler project is on track to begin construction activities in H2 2025 and complete the permitting process by early 2026. Federally, the only permit remaining is the Mine Plan of Operations, which the Bureau of Land Management stated will be evaluated under an Environmental Assessment. If things proceed as planned, the company will begin shipping concentrate by 2027.

    The site hosts numerous targets and a probable copper reserve of 180,000 MT from 11 million MT of ore with an average grade of 1.6 percent copper. The company anticipates a mine life of 12.2 years with an average annual copper production of 36 million pounds and copper equivalent production of 30,100 MT.

    Arctic project

    Ownership:
    50% – Trilogy Metals (NYSE:TMQ)
    50% – South32 (ASX:S32,OTC Pink:SHTLF)
    State: Alaska
    Mine type: Open pit
    Deposit type: VMS
    Commodities: Copper, zinc, lead, silver, gold

    The Arctic project is currently in the feasibility stage. Due to its location, the only significant federal permit required is the 404 wetlands permit from the US Army Corps of Engineers. The remaining permits are issued at the state level.

    The site’s indicated copper resource is 2.35 billion pounds from 35.7 million MT of ore with an average grade of 2.98 percent copper. An additional 189 million pounds are inferred from 4.5 million MT of ore with an average grade of 1.92 percent. Once complete, the mine is expected to produce 234,000 MT of copper annually.

    Back Forty project

    Ownership: Gold Resource (NYSEAMERICAN:GORO)
    State: Michigan
    Mine type: Open pit and underground
    Deposit type: VMS, breccia pipe/stockwork
    Commodities: Gold, silver, copper, zinc

    Back Forty is planned as two open pits, an underground mine and a processing plant. Once fully permitted, Gold Resource plans for a 21 month construction period before mining commences at its Pinwheel open pit. In 2021, a judge denied a wetlands permit for Back Forty due to its impact on the surrounding area. MDO reports that Gold Resource’s revised mine plan avoids impact on the region’s wetlands, which should support the mine permitting process.

    Back Forty will have the capacity to produce 6.8 million pounds of copper concentrate annually. The project hosts an open pit indicated copper resource of 74 million pounds from 9.36 million MT of ore with an average grade of 0.36 percent copper, and an underground indicated copper resource of 47 million pounds from 5.1 million MT with an average grade of 0.41 percent.

    Cactus Mine project

    Ownership: Arizona Sonoran Copper (TSX:ASCU,OTCQX:ASCUF)
    State: Arizona
    Mine type: Open pit and underground
    Deposit type: Porphyry
    Commodities: Copper

    Cactus is a brownfield development project in Central Arizona with a 5.5 kilometer mine trend. The site hosts the past-producing Sacaton mine, a mining stockpile and three primary deposits: Cactus East, Cactus West and Parks/Salyer. Arizona Sonoran Copper is working to complete a pre-feasibility study for the second half of 2025.

    A Q3 2024 preliminary economic assessment( PEA) outlined a 31 year mine life with on-site production of 86,000 short tons of LME Grade A copper cathode per year. In total, the site has a measured and indicated resource of 7.29 billion pounds from 632.7 million MT of ore at an average grade of 0.576 percent copper.

    CK Gold project

    Ownership: US Gold (NASDAQ:USAU)
    State: Wyoming
    Mine type: Open pit
    Deposit type: Porphyry, breccia pipe/stockwork
    Commodities: Copper, gold, silver

    In 2024, the CK Gold project achieved several permitting milestones. In April, US Gold received its mine operating permit, and in November, its subsidiary, Gold King, received its final permit approval from the air quality division of the Wyoming Department of Environmental Quality. These permits were the final hurdles needed before the company began developing the project.

    The company plans to produce a copper concentrate that contains gold, copper and silver. CK has a significant copper resource with proven and probable reserves totaling 248 million pounds from 70.4 million MT at an average grade of 0.18 percent copper. US Gold is working towards a feasibility study, and aims to begin construction in late-2025 or 2026 with first concentrate production in 2027 or 2028.

    Copper Flat project

    Ownership: THEMAC Resources (TSXV:MAC,OTC Pink:MACQF)
    State: New Mexico
    Mine type: Open pit
    Deposit type: Porphyry, breccia pipe/stockwork, hydrothermal
    Commodities: Copper, molybdenum, gold, silver

    Copper Flat is a brownfield project built on a site that has seen mining dating back to the 1890s, with various companies working to bring the site back online since the 1980s. To date, THEMAC has completed its definitive feasibility and environmental studies and has received several key Federal and State permits. The state mining permit is in the advanced stage.

    The site hosts a proven and probable copper reserve of 579.21 million pounds from 113.08 million MT of ore at an average grade of 0.3 percent copper.

    Copperwood project

    Ownership: Highland Copper (TSXV:HI,OTCQB:HDRSF)
    State: Michigan
    Mine type: Underground
    Deposit type: Sediment-hosted
    Commodities: Copper, silver

    Copperwood is a fully permitted project and is in active development. Highland spent much of 2024 working to fulfill its obligations to prepare the site as required under the terms of the wetlands and streams permit. Its next development steps are metallurgic testing using ultra-fine flotation technology and community engagement as it moves towards a construction decision.

    Copperwood hosts proven and probable reserves of 25.7 million MT of ore at an average grade of 1.45 percent copper for 820 million pounds of contained copper. Highland expects to produce 65 million pounds of saleable copper per year for a total of 675 million pounds over the mine’s 10.3 year life.

    Copper World Complex

    Ownership: Hudbay Minerals (TSX:HBM,NYSE:HBM)
    State: Arizona
    Mine type: Open pit
    Deposit type: Porphyry, skarn
    Commodities: Copper, molybdenum, silver, gold

    Copper World is one of the largest copper projects in development in the United States, according to Hudbay. The company is currently in the permitting stage for Phase 1 at Copper World, which will consist of four open pits with an expected mine life of 20 years. The second phase will expand the operation and extend the life of the mine further.

    The site has received all necessary state permits to begin construction and operation after it received its air quality permit in January 2025. Hudbay is expecting annual average copper production of 92,000 MT during the first 10 years and 85,000 MT over the 20 year mine life. In year five, it plans to begin copper cathode production to supply the US market.

    CuMo project

    Ownership: Idaho Copper (OTC Pink:COPR)
    State: Idaho
    Mine type: Open pit
    Deposit type: Porphyry, vein/narrow vein, breccia pipe/stockwork
    Commodities: Molybdenum, copper, silver, tungsten, rhenium, sulfuric acid

    While Idaho Copper’s focus with CuMo is developing one of the world’s largest molybdenum mines, the company also plans to produce an average of 84 million pounds of copper metal in concentrate per year. CuMo hosts a significant measured and indicated copper resource of 3.81 million pounds.

    Idaho Copper is working towards releasing an updated PEA during the first half of 2025. Additionally, the company expects to begin environmental work for its environmental impact statement sometime this year.

    Empire project

    Ownership:
    80% – Phoenix Copper (LSE:PXC,OTCQB:PXCLF)
    20% – ExGen Resources (TSXV:EXG,OTC Pink:BXXRF)
    State: Idaho
    Mine type: Open pit
    Deposit type: Skarn, vein/narrow vein, breccia pipe/stockwork
    Commodities: Copper, gold, silver

    Empire is a brownfield project planned as an open-pit mine atop historic underground workings. Phoenix Copper is developing its mine plan for the Idaho Department of Lands and for federal review by the National Environmental Policy Act. The company is aiming to complete the permitting project in 2025 and begin production in 2026 using on-site, pre-owned milling equipment it purchased in 2024.

    Empire’s proven and probable copper reserves are 109.45 million pounds from 10.1 million MT of ore with an average grade of 0.49 percent copper. The mill will produce a copper-gold-silver concentrate and cement copper stream, combining for 89.1 million pounds of payable copper over the nine-year life of mine.

    Mason project

    Ownership: Hudbay Minerals
    State: Nevada
    Mine type: Open pit
    Deposit type: Porphyry, vein/narrow vein
    Commodities: Copper, molybdenum, gold, silver

    Planned for a mine life of 27 years, Mason is a significant greenfield copper deposit and one of the largest undeveloped porphyry copper deposits in North America, according to MDO. Hudbay considers Mason a ‘long-term future development asset’ and is working on enhancing project economics through metallurgical studies.

    Based on its 2021 PEA, Hudbay expects the mine to produce an average of 112,000 MT of copper concentrate per year and deliver more than 10 million MT over its lifetime.

    NorthMet project

    Ownership:
    50% – Teck (TSX:TECK.A,TECK.B,NYSE:TECK)
    50% – Glencore (LSE:GLEN,OTC Pink:GLCNF)
    State: Minnesota
    Mine type: Open pit
    Deposit type: Magmatic
    Commodities: Copper, nickel, palladium, gold, platinum, cobalt, silver

    The Teck and Glencore NewRange joint venture consists of two deposits: NorthMet and Mesaba. Permitting for NewRange is stalled in part due to concerns with the mine’s tailings plan. In 2025, the companies plan to advance engineering studies at NorthMet and secure updated development permits.

    The Trump administration’s executive order to speed approvals of critical minerals projects could potentially help the project clear regulatory hurdles. If it is fully permitted, NorthMet is expected to deliver an average of 60 million pounds of copper concentrate per year over a 20 year mine life.

    Palmer project

    Ownership: American Pacific Mining (CSE:USGD,OTCQX:USGDF)
    State: Alaska
    Mine type: Underground
    Deposit type: VMS
    Commodities: Copper, zinc, silver, gold, barite, lead

    American Pacific Mining is assessing its Palmer project through its five-year plan that ends in 2028. In 2024, work included environmental and permitting activities, a variety of studies in preparation for future feasibility plans and drilling to expand the mineral resource.

    As of 2018, the site hosts an indicated copper resource of 154 million pounds from 4.68 million MT of ore at an average copper grade of 1.49 percent, and an inferred copper resource of 124 million pounds from 9.6 million MT of ore at an average grade of 0.59 percent.

    Pebble project

    Ownership: Northern Dynasty Minerals (TSX:NDM,NYSE:NAK)
    State: Alaska
    Mine type: Open pit
    Deposit type: Porphyry
    Commodities: Copper, molybdenum, gold, silver, rhenium

    According to MDO, Pebble is the world’s largest known undeveloped resource of copper as well as gold. The project has been stalled since November 2020, when the US Army Corps of Engineers (USACE) rejected its permit applications due to environmental concerns. Since then, Northern Dynasty has been suing to overturn the rejection.

    In February 2025, court proceedings were suspended for 90 days at the request of the Environmental Protection Agency (EPA) and the USACE. This followed the confirmation of a new EPA administrator and Trump’s executive order supporting critical mineral projects. However, it still remains to be seen whether the Trump administration will support Pebble this time around, as the previous rejection was made during his first term.

    Pebble is planned to produce an estimated average of 320 million pounds of copper concentrate annually, from a measured and indicated resource base of 52.99 billion pounds of copper.

    Pumpkin Hollow project

    Ownership: Kinterra Capital
    State: Nevada
    Mine type: Open pit
    Deposit type: Skarn, breccia pipe/stockwork, iron oxide copper-gold (IOCG)
    Commodities: Copper, gold, silver

    The Pumpkin Hollow project hosts a fully permitted open pit project and a fully permitted and constructed underground mine. Production and development were suspended at the operations after its previous owner Nevada Copper filed for Chapter 11 bankruptcy in June 2024. That October, Pumpkin Hollow was acquired for US$128 million by an affiliate company of private equity firm Kinterra Capital, which plans to advance the assets.

    Proven and probable copper reserves at Pumpkin Hollow’s open pit project total 3.59 billion pounds from 385.7 million MT of ore with an average grade of 0.47 percent copper. The open pit is expected to produce an annual average of 163 million pounds of payable copper. Additionally, the underground mine is projected to produce 50 million pounds of payable copper annually once it is restarted.

    Resolution project

    Ownership:
    55% – Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO)
    45% – BHP Group (ASX:BHP,NYSE:BHP,LSE:BHP)
    State: Arizona
    Mine type: Underground
    Deposit type: Porphyry
    Commodities: Copper, molybdenum, silver

    The Resolution project has the potential to supply 25 percent of the total US copper demand, with planned production of 40 billion pounds of copper over its 40 year mine life.

    Permitting for the project has been underway for over a decade, and the US Forest Service published and then rescinded the project’s final environmental impact statement in early 2021. The local Apache Tribe has taken legal action to stop the proposed mine as the deposit sits under a site of religious importance.

    According to BHP’s 2024 annual report, the Resolution joint venture and the US Forest Service are focused on further consultation with Native American Tribes to mitigate harm to the region. The agency has said there is currently no timeline for republication of the final environmental impact statement. After Trump took office in January, Rio Tinto’s CEO said he is optimistic the president will grant Resolution’s final permits.

    On April 19, Resolution was included as one of the initial 10 projects for the federal government’s permitting transparency initiative. The program is designed to produce greater predictability in the permitting process. According to the federal page for the project, ‘a permitting timetable will be published for this project on or before May 2, 2025.’

    Santa Cruz project

    Ownership: Ivanhoe Electric (TSX:IE,NYSE:IE)
    State: Arizona
    Mine type: Underground
    Deposit type: Porphyry, breccia pipe/stockwork, vein/narrow vein
    Commodities: Copper

    The Santa Cruz copper project is located on private land in Arizona. It is designed to minimize environmental impact, with a small surface footprint and the use of modern technology and on-site renewable energy to supply up to 70 percent of its energy demand.

    A December 2022 mineral reserve estimate reported an indicated copper resource of 2.8 million MT of copper from 226.72 million MT of ore with an average grade of 1.24 percent copper, and an inferred resource of 1.85 million MT copper from 149 million MT at the same grade.

    Ivanhoe Electric is aggressively working through engineering design and permitting applications for the project. As of February 2025, it has received 10 permits or rights supporting exploration activities, land use conversion and land reclamation. The company plans to submit its major site plan, aquifer protection permits and encroachment permit in Q2.

    In April, the company received a letter of interest from the Export-Import Bank of the United States for potential debt financing of US$825 million. Ivanhoe is on track to release a prefeasibility study in June 2025, and it ‘anticipates permits will be received and initial construction activities will begin in the first half of 2026.’

    Tamarack North project

    Ownership:
    51% – Talon Metals (TSX:TLO,OTC Pink:TLOFF)
    49% – Rio Tinto
    State: Minnesota
    Mine type: Underground
    Deposit type: Porphyry
    Commodities: Nickel, copper, cobalt, platinum, palladium, gold

    Tamarack is one of only three high-grade nickel sulfide deposits discovered in this century. Due to its significance, the US Department of Energy has selected it to receive a US$114.8 million grant for the construction of a battery mineral processing facility.

    Despite its nickel primary status, the project will produce 24,000 MT of copper concentrate annually as a by-product material from an indicated resource of 8.56 million MT of ore grading 0.92 percent copper. Talon currently plans to begin construction in 2026, with production beginning in late 2027.

    Twin Metals Minnesota project

    Ownership: Antofagasta (LSE:ANTO,OTC Pink:ANFGF)
    State: Minnesota
    Mine type: Underground
    Deposit type: Magmatic
    Commodities: Copper, nickel, platinum, palladium, gold, silver, cobalt, lead

    Twin Metals Minnesota’s development is currently on hold after hitting multiple roadblocks, including the rejection of its mine plan and cancelling of two federal mining leases due to concerns tailings from the mine will impact the Superior National Forest and Boundary Waters Canoe Area.

    In 2022, Antofagasta’s subsidiary Twin Metals engaged in litigation against the US government over the actions, and in September 2023, the district court dismissed the company’s claims, siding with the government. Twin Metals filed an appeal in November of that year.

    If approved, the mine is expected to produce 158,000 MT of copper annually. The company said it is studying the possible impact of Trump’s executive order.

    Van Dyke project

    Ownership: Copper Fox Metals (TSXV:CUU,OTCQX:CPFXF)
    State: Arizona
    Mine type: In-situ
    Deposit type: Porphyry, breccia pipe/stockwork, vein/narrow vein
    Commodities: Copper

    The Van Dyke project covers a project area of 531.5 hectares and hosts historical mine workings, which produced 11.5 million pounds of copper between 1929 and 1945 and an additional 5 million pounds between 1988 and 1989.

    In a 2020 PEA, Copper Fox reported an after-tax net present value of US$644.7 million, an internal rate of return of 43.4 percent and a payback period of 2.1 years. The company forecasts a mine life of 17 years and annual average copper production of 85 million pounds. Copper Fox is currently advancing the project towards a pre-feasibility study.

    White Pine North project

    Ownership:
    66% – Kinterra Capital
    34% – Highland Copper
    State: Michigan
    Mine type: Underground
    Deposit type: Sediment-hosted
    Commodities: Copper, silver

    Kinterra Capital is the operator of White Pine North as of 2023, when Highland sold it 66 percent of the project. In June 2024, the company initiated an environmental baseline study for White Pine North that would be key to supporting its ongoing permitting operations. Using room-and-pillar mining, the partners plan to use begin production at the first panel in 2027 and expect a four-year ramp-up to full plant throughput.

    The project hosts a measured and indicated copper resource of 3.5 billion pounds from 133.4 MT of ore with an average grade of 1.05 percent copper and an additional inferred copper resource of 2.18 billion pounds from 97.2 MT of ore with an average grade of 1.03 percent. Average annual payable copper metal production is projected at 94 million pounds.

    Securities Disclosure: I, Dean Belder, own shares of Northern Dynasty.

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    When the stock market is turbulent, it makes sense to hedge some of your valuable equity positions. One way to do it is through options. 

    The adage “Don’t keep all your eggs in one basket” is well-known among investors. While a diversified portfolio reduces your risk, you probably have a handful of favorite stocks that you don’t want to sell. But watching those stocks lose value can be painful.

    The good news: There is a way to reduce your losses on those positions.

    Hedging With Options

    Before diving into the strategies, you need to determine what you want to do with the stocks you want to hold on to. When a market is trending lower, options help protect your investments in the following ways:

    • Protecting your stocks against losses.
    • Generating income from declining stock values. 
    • Realizing profits from declining stocks if the stock moves in your favor.

    Before proceeding further, look at all your portfolio holdings and determine which stocks you want to hold on to, then determine your hedging objectives.

    This article will focus on the strategies you can implement to protect your stocks against losses. You can do this by buying puts, which are similar to an insurance policy. You pay for downside protection to gain unlimited upside potential.

    Here’s how it works.

    1. You buy one put contract for 100 shares of an underlying stock. For example, if you own 100 shares of Apple, Inc. (AAPL), you buy one AAPL put contract; if you own 200 shares of AAPL, you could buy 2 put contracts.
    2. You buy a put with a strike price that could generate a profit that you’re comfortable with on your equity position, and a premium (the price of the contract) that you’re willing to pay to protect your position.
    3. If the stock’s price falls below the strike price, you could sell your put contract for a profit.  You could also choose to exercise your put contract, i.e., selling the underlying shares at the contract’s strike price.

    For example, say you bought 100 shares of AAPL for $110 per share. AAPL stock is trading slightly below $205 but hit a high of $259.81. You want to protect your unrealized gains in case the price falls further. Looking at the daily chart of AAPL below, further downside looks highly probable.

    The 50-day simple moving average (SMA) has crossed below the 200-day, the StockCharts Technical Rank (SCTR) score is at 32.50, which is relatively low, and the relative strength index (RSI) just below 50, indicating neutral momentum.

    FIGURE 1. DAILY CHART OF AAPL STOCK. A declining trend, a technically weak chart, and lukewarm momentum indicate a higher probability of further decline.Chart source: StockCharts.com. For educational purposes.

    If you were to buy a put, what strike price and expiration would you choose? That can be a time-consuming exercise, but the OptionsPlay Add-on in StockCharts does it for you quickly. Here’s how.

    • Below the chart, click the Options menu, found under Tools & Resources. You’ll see the Options Chain by default (Options Summary).
    • Click the OptionsPlay button above the Options Chain to access the OptionsPlay Explorer. You’ll see the three optimal strategies listed.

    FIGURE 2. OPTIMAL OPTIONS STRATEGIES FOR AAPL STOCK. You could sell 100 shares of AAPL, buy a put, or buy a put vertical spread. You can analyze the three scenarios and determine which one will help protect your equity position.Image source: StockCharts.com. For educational purposes.

    The recommended long put (displayed in the middle) is the June 20 $205 put, which will cost $1,170. You have to decide if it’s worth paying this much premium to protect your position in the stock. If the stock price rises above $205 by expiration, your contract will expire worthless. You would have lost $1,170. Are you willing to take that risk?

    You can modify the strategy by changing the expiration and strike price of the contract. This will help determine if there are more favorable risk-to-reward scenarios. The following scenarios could play out:

    Scenario 1: The stock price falls below $205.

    • You could sell the put option for a profit, which will offset some of the unrealized losses from the decline in the stock’s price.
    • You could also choose to exercise the option and sell the shares for $205. You would walk away with a profit of $8,330 ($9,500 – 1,170).

    Scenario 2: The stock price is above $205 by expiration.

    • Your put contract will expire worthless.
    • If you think the stock price will drop as contract expiration gets close, you could roll it to a further-out expiration. You’d sell your $205 June put and purchase another put option with a later expiration.

    When buying puts, your maximum risk is limited to what you pay for the premium.

    There’s More You Can Do

    The strategy on the right shows a put vertical strategy, which has a much lower cost, a higher OptionsPlay score, and a potential reward of $2,145, which is much lower than buying a put.

    The put vertical involves adding a lower strike price put with the same expiration. This would be a two-leg options trade—you buy the June 20 205 put and sell the June 20 $175 put.

    The benefit of the put vertical is that you limit your risk to $855 (the debit). This will happen if  AAPL is above $205 and both puts expire worthless.

    Your potential reward is limited to $2,145 (strike price – debit), which you will realize if AAPL’s stock price falls below $175. The probability of profit of the put vertical is 41.79%, versus 37.48% for the long put.

    The Bottom Line

    Buying puts and put vertical spreads can protect your options positions in a declining market. You still need to evaluate the cost of protection versus your profit potential, just as you would when you’re shopping for insurance.

    The benefit of using the OptionsPlay Add-on is that the legwork is done for you. All you have to do is evaluate the different strategies, which are spelled out for you in simple terms. To learn more about the features available in the OptionsPlay Add-on, visit the StockCharts TV OptionsPlay with Tony Zhang YouTube channel.


    Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your personal and financial situation or without consulting a financial professional.