Roth IR-Ray (retired options trader)

$ONDS Lets go further shall we?.. 😊shorts if you’re seeing this, well Happy Thanksgiving 🤷‍♂️ Okay so what makes this setup so insane is that most shorts had no clue what they were actually shorting into. That seems pretty clear given the instrument they are short (deep OTM warrants). On the surface they saw, “millions” of shares available at IB (some in my last comments asked about IB..), a low-float tech name they thought they could bully (fkd with the wrong company), a sector they assumed was soft/hyped, warrants they thought provided a clean hedge, and a chart they believed they could push around.. But here’s what they completely missed.. 1) The only hedgeable warrants are deep OTM at $20… they don’t neutralize literally anything. 2) The prefunded warrants are non-tradeable so zero hedging benefit. 3) IB’s borrow pool isn’t the market, it’s facade, the real utilization across lenders is super tight. 4) Borrow “availability” was mostly recycled inventory, there’s just that much not real supply. 5) They shorted into a structure with no delta-neutral escape route. 6) When hedging outlets disappear, small demand shocks behave like big shocks. And the crazy part is this entire special situation started months ago with the Sentrycs raise. That deal spooked algos, triggered a big flush back to ~$5, and made $ONDS look like just another broken small-cap. Shorts piled in thinking the dilution meant structural weakness, thinking borrow was easy, thinking they had clean hedges, and thinking the chart was theirs to control. But what they didn’t realize was the drop created a liquidity vacuum. Real float tightened, prefunded warrants weren’t hedgeable, the only hedgeable warrants sat way out at twenty dollars, utilization across lenders quietly ramped, and borrow “availability” was mostly recycled inventory. They weren’t shorting weakness, in fact they were shorting mispricing while the plumbing underneath was tightening. That’s why today feels so violent. This is why we are up there in the top 3-5 names on volume. This is why vol has been insane. The shorts didn’t enter a normal trade. They entered a reflexive coil created by a misunderstood raise, deep OTM hedging instruments, and rising utilization. The Sentrycs selloff was the bait. The capital structure was the trap. And every catalyst since has only made the walls close in tighter. They thought they were shorting a “drone stock” trading on hype. Well, they completely miscalculated and messed with the wrong name. Because They were actually shorting into a defense roll-up, tightening liquidity, deep OTM hedges, rising utilization, growing call flow, Q4 catalysts, and a borrow structure that snaps under volatility. This is how shorts end up in special situations without realizing it, betting on charts while the plumbing underneath turns hostile. And once they’re trapped in the wrong structure… the exit gets very expensive, very fast. Tock tick.. tick tock.. nowhere to hide shorty. LongAF $ONDS @ive_m5

Today’s action by @SecDuffy is a bold, forward-looking step that helps ensure the United States remains the global leader in drone technology. Under @POTUS’ leadership, we are finally giving American innovators a predictable, scalable pathway to conduct missions. 🇺🇸💪