Option Greeks measure how an option's price responds to changes in the stock price (delta and gamma), time (theta), implied volatility (vega), and interest rates (rho).

Gamma, theta, and vega are largest for strikes near the Borr Drilling stock price and shrink for strikes far above or below it. Theta grows as expiration gets closer, while vega is larger for expirations further out. Call delta runs from 0 to 1 and put delta from -1 to 0, near 0.50 and -0.50 at the money, and roughly estimates the chance that an option finishes in the money.

Borr Drilling IV rank is 25, so implied volatility is in the lower part of its one-year range. Higher implied volatility raises option premiums and daily time decay (theta), and spreads delta and gamma across a wider range of strikes. Over the past year, 30-day implied volatility ranged from 41.6% to 212.3%. See the BORR implied volatility history for a longer view.

Across all open Borr Drilling options on Nov 4, 2026, net gamma exposure was -$45.14K and net delta exposure was -$2.88M per 1% move in the stock. The BORR gamma exposure chart shows where that gamma sits by strike.

Borr Drilling Ltd is an offshore shallow-water drilling contractor providing services to the oil and gas industry.