Running a BORR wheel strategy lets you generate consistent premium income on Borr Drilling Ltd while setting your own entry and exit prices on the underlying. Borr Drilling Ltd's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own BORR, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best BORR wheel strategy setups in real time.
The wheel works best on liquid, high-quality names with stable fundamentals and active options markets — exactly the profile many large-cap leaders fit. The mechanics are simple: sell a cash-secured put on BORR, collect premium, and either keep the premium if it expires worthless or take assignment at a discount to current price. Once assigned, sell covered calls against the shares to keep collecting premium until they're called away. Choosing the right strikes, expirations, and IV environment is what separates a profitable BORR wheel from a losing one.
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.
The difference between a wheel that compounds and one that bleeds comes down to strike selection, IV timing, and discipline on assignment. Our scanner handles the heavy lifting: it ranks every leg of the BORR wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your BORR wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
