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: Feb 19, 2027
Days to expiration: 131
Share price: $4.78
Put/call ratio (OI): 0.35
Put/call ratio (volume): 0.23
ATM implied volatility: 63.9%
Expected move: ±$1.83
Open interest (C / P): 4.33K / 1.51K

BORR options summary

The BORR options chain for the February 19, 2027 expiration lists 9 call and 7 put contracts, with 131 days until expiration. Open interest stands at 4,331 calls and 1,515 puts, a put/call ratio of 0.35, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $5.00 strike is 63.9%, which implies the market expects a move of about ±$1.83 (38.3%) in Borr Drilling stock by expiration.

The most open interest sits at the $6.00 call (1.68K contracts) and the $4.00 put (1.24K contracts).

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

BORR options chain · February 19, 2027

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
3	2	295.3%	3.00	3.40	4.10	1.00	—	—	—	—	—	—
23	2	146.9%	2.70	2.55	3.00	2.00	—	—	—	—	—	—
127	4	77.5%	1.80	1.85	2.00	3.00	0.05	0.20	0.12	73.8%	1	98
1,118	248	66.2%	1.15	1.10	1.20	4.00	0.25	0.45	0.35	64.1%	15	1,237
BORR $4.78
991	30	69.1%	0.65	0.55	0.85	5.00	0.60	1.00	1.00	58.6%	5	139
1,682	20	66.4%	0.40	0.30	0.45	6.00	1.30	1.80	1.55	62.1%	40	29
118	1	68.6%	0.18	0.05	0.40	7.00	2.20	2.65	2.60	66.2%	2	12
0	4	71.9%	0.15	0.00	0.30	8.00	0.00	0.00	3.70	—	5	0
269	3	73.8%	0.11	0.00	0.20	9.00	0.00	0.00	4.60	—	5	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 February 19, 2027 expiration, the BORR put/call ratio based on open interest is 0.35 (1,515 puts vs 4,331 calls), and 0.23 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 February 19, 2027 is about 63.9%, 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.