Trading a BORR straddle lets you take a pure volatility position on Borr Drilling Ltd without committing to a direction. Borr Drilling Ltd's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate BORR straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on BORR profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Borr Drilling Ltd stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the BORR straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. The company serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. As of December 31, 2021, it operated a fleet of 23 jack-up drilling rigs. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016.
Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the BORR straddle is the cleanest expression of that view. Our scanner prices every BORR straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a BORR straddle into a catalyst or short a BORR straddle to harvest decay, the options straddle setups that matter are all in one place.
