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: May 21, 2027
Days to expiration: 223
Share price: $4.78
Put/call ratio (OI): 0.40
Put/call ratio (volume): 0.11
ATM implied volatility: 63.5%
Expected move: ±$2.37
Open interest (C / P): 560 / 222

BORR options summary

The BORR options chain for the May 21, 2027 expiration lists 5 call and 4 put contracts, with 223 days until expiration. Open interest stands at 560 calls and 222 puts, a put/call ratio of 0.40, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $5.00 strike is 63.5%, which implies the market expects a move of about ±$2.37 (49.7%) in Borr Drilling stock by expiration.

The most open interest sits at the $5.00 call (274 contracts) and the $4.00 put (125 contracts).

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

BORR options chain · May 21, 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
8	6	130.9%	2.28	2.45	3.10	2.00	—	—	—	—	—	—
11	13	66.4%	2.04	1.80	2.15	3.00	0.10	0.30	0.20	67.2%	6	84
231	16	69.1%	1.36	1.30	1.45	4.00	0.25	0.65	0.46	57.5%	22	125
BORR $4.78
274	200	68.5%	0.90	0.85	1.00	5.00	0.90	1.10	0.99	58.6%	1	3
36	31	66.8%	0.60	0.55	0.65	6.00	1.45	1.95	1.95	58.5%	—	10

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 May 21, 2027 expiration, the BORR put/call ratio based on open interest is 0.40 (222 puts vs 560 calls), and 0.11 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 May 21, 2027 is about 63.5%, 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.