Setup
ONDS traded near $11.40 before entry.
Price remained above the recent expansion zone after a gap move.
Momentum had already accelerated before the setup.
Structure remained acceptable.
Structure
Strike placed at $10.
The strike aligned below the main support zone and near the SMA100 area.
This improved assignment positioning versus the more aggressive $10.5 strike.
Structure was deeper.
Still not perfect.
Assignment Logic
Assignment near the $9.75–10 zone remained acceptable.
The setup avoided assignment directly into the first support layer.
This created better cushion after the expansion move.
Controlled sizing only.
Premium Context
Premium remained fair.
IV did not show the same distortion seen in weaker high-volatility setups.
The premium reflected:
- elevated movement expectations
- recent expansion
- momentum risk
Not free edge.
Trade Structure
Management Plan
Holding above the deeper structure zone remained important.
Loss of the $9.75–10 area weakens assignment quality materially.
No oversized positioning.
No aggressive rolling.
Process Note
The $10 strike improved the setup materially versus the more aggressive alternatives.
This was still a post-expansion setup.
Structure supported ownership better than the higher strikes.
No prediction. Just process.
