Borr Drilling (BORR) Options Chain

NYSE: BORREnergyOil & Gas ProductionUSD

4.78+0.17 (+3.69%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $4.78
Put/call ratio (OI): 1.32
Put/call ratio (volume): 0.10
ATM implied volatility: 63.7%
Expected move: ±$1.01
Open interest (C / P): 5.01K / 6.62K

BORR options summary

The BORR options chain for the November 20, 2026 expiration lists 10 call and 8 put contracts, with 40 days until expiration. Open interest stands at 5,014 calls and 6,621 puts, a put/call ratio of 1.32, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $5.00 strike is 63.7%, which implies the market expects a move of about ±$1.01 (21.1%) in Borr Drilling stock by expiration.

The most open interest sits at the $5.00 call (1.29K contracts) and the $4.00 put (3.81K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

BORR options chain · November 20, 2026

BORR calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
9	1	454.7%	3.25	3.40	4.00	1.00	—	—	—	—	—	—
19	2	264.1%	2.76	2.40	3.00	2.00	—	—	—	—	—	—
517	12	130.5%	1.65	1.45	1.90	3.00	0.00	0.25	0.03	132.0%	2	470
957	27	67.2%	0.94	0.85	0.95	4.00	0.10	0.15	0.10	68.4%	12	3,806
BORR $4.78
1,291	489	65.2%	0.35	0.30	0.35	5.00	0.45	0.60	0.52	62.1%	41	2,287
1,024	121	67.6%	0.11	0.05	0.15	6.00	1.20	1.40	1.95	62.9%	3	56
443	1	78.9%	0.08	0.00	0.10	7.00	2.25	2.75	3.00	133.6%	—	1
559	1	85.9%	0.05	0.00	0.05	8.00	3.00	3.60	4.00	109.0%	2	0
190	3	140.2%	0.25	0.00	0.25	9.00	4.00	4.60	4.65	125.8%	2	1
5	1	155.5%	0.13	0.00	0.25	10.00	5.00	5.60	5.70	140.6%	6	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the BORR put/call ratio?

For the November 20, 2026 expiration, the BORR put/call ratio based on open interest is 1.32 (6,621 puts vs 5,014 calls), and 0.10 based on today's volume. A ratio above 1 means more puts than calls.

What is BORR's implied volatility?

At-the-money implied volatility for BORR options expiring November 20, 2026 is about 63.7%, an annualized estimate of how much the market expects Borr Drilling stock to move.

How many BORR option expiration dates are there?

BORR has 7 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.