Implied volatility in USEC (USU) is easing after the company secured agreements with strategic investors Toshiba Corporation and Babcock & Wilcox Investment. The uranium producer will now have more time to secure $2 billion in loan guarantees from the DOE to build the American Centrifuge plant in Piketon, OH. Shares are up 8.8 percent to $3.46 and one of today’s big percentage movers on the news. Meanwhile, options volume in USU is about 4,000 puts and 700 calls. Jul 4 puts are the most actives and are possibly seeing some liquidating trades, as 100 percent of the volume (3110 contracts) has been on the bid and implied volatility in USEC options is falling 16 percent to 116.5.