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Ondas Holdings Inc. ONDS

TECHNOLOGY · COMMUNICATION EQUIPMENT
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Market dataready · fetched 2026-10-16T00:18:43.268Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-11-20

Calculation methodology

PriceAlpaca · sip · 2026-10-15T23:57:55.389720443Z

FundamentalsAlpha Vantage · quarter 2026-06-30 · fetched 2026-10-16T00:18:42.340436+00:00

Research2026-08-31 · 41 entries · 67 trades · 16 option records · 1625 price bars

Share price$6.35
1D+6.4%
AH$5.76$5.93$6.10$6.27$6.445:30 AM6:30 AM9:00 AM1:00 PM2:00 PMONDS
Sold putSold callAH

Ondas Holdings Inc. options

Live interpolated ONDS call and put midpoint premiums by absolute delta.Ondas Holdings Inc.$0.10$0.68$1.26$1.84$2.42$4.35$5.34$6.34$7.34$8.3420Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive ONDS spot · $6.35ONDS PRICE$0.17$0.22$0.28$0.34$0.39$0.48$0.57$0.66$0.75$0.85$1.00$1.15$1.31$0.22$0.29$0.37$0.45$0.56$0.68$0.80$0.91$1.04$1.27$1.50$1.72$2.26
PutsExpensive1.32×
CallsExpensive1.24×
SkewBearish+0.86 pp
Implied moveBearish±$1.37
TiltBearish19.3% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ8.2582.7%32.5%5.3277.4%19.7%
25Δ7.8681.8%27.3%5.5378.8%17.5%
30Δ7.5881.0%23.7%5.7580.1%15.3%
35Δ7.2980.2%20.1%5.9781.5%13.1%
40Δ7.0179.4%16.5%6.1881.5%11.5%
45Δ6.8079.6%14.6%6.3981.2%10.1%
50Δ6.5979.9%12.8%6.5980.9%8.7%
55Δ6.3880.1%10.9%6.8080.6%7.2%
60Δ6.1880.4%9.1%7.0280.3%5.8%
65Δ5.9780.6%7.3%7.3181.2%4.9%
70Δ5.7480.5%6.1%7.6082.0%3.9%
75Δ5.5180.4%4.9%7.8882.8%3.0%
80Δ5.2880.3%3.8%8.4689.8%2.2%

20Δ

Calls
Pseudo strike
8.25
IV
82.7%
B/E move
32.5%
Puts
Pseudo strike
5.32
IV
77.4%
B/E move
19.7%

25Δ

Calls
Pseudo strike
7.86
IV
81.8%
B/E move
27.3%
Puts
Pseudo strike
5.53
IV
78.8%
B/E move
17.5%

30Δ

Calls
Pseudo strike
7.58
IV
81.0%
B/E move
23.7%
Puts
Pseudo strike
5.75
IV
80.1%
B/E move
15.3%

35Δ

Calls
Pseudo strike
7.29
IV
80.2%
B/E move
20.1%
Puts
Pseudo strike
5.97
IV
81.5%
B/E move
13.1%

40Δ

Calls
Pseudo strike
7.01
IV
79.4%
B/E move
16.5%
Puts
Pseudo strike
6.18
IV
81.5%
B/E move
11.5%

45Δ

Calls
Pseudo strike
6.80
IV
79.6%
B/E move
14.6%
Puts
Pseudo strike
6.39
IV
81.2%
B/E move
10.1%

50Δ

Calls
Pseudo strike
6.59
IV
79.9%
B/E move
12.8%
Puts
Pseudo strike
6.59
IV
80.9%
B/E move
8.7%

55Δ

Calls
Pseudo strike
6.38
IV
80.1%
B/E move
10.9%
Puts
Pseudo strike
6.80
IV
80.6%
B/E move
7.2%

60Δ

Calls
Pseudo strike
6.18
IV
80.4%
B/E move
9.1%
Puts
Pseudo strike
7.02
IV
80.3%
B/E move
5.8%

65Δ

Calls
Pseudo strike
5.97
IV
80.6%
B/E move
7.3%
Puts
Pseudo strike
7.31
IV
81.2%
B/E move
4.9%

70Δ

Calls
Pseudo strike
5.74
IV
80.5%
B/E move
6.1%
Puts
Pseudo strike
7.60
IV
82.0%
B/E move
3.9%

75Δ

Calls
Pseudo strike
5.51
IV
80.4%
B/E move
4.9%
Puts
Pseudo strike
7.88
IV
82.8%
B/E move
3.0%

80Δ

Calls
Pseudo strike
5.28
IV
80.3%
B/E move
3.8%
Puts
Pseudo strike
8.46
IV
89.8%
B/E move
2.2%

Company coverage

Moat

Moderate

Ondas has developed a defensible regulatory moat centered on first-mover advantages in autonomous systems. The company's Optimus System holds the world-first FAA Type Certification and extensive BVLOS waivers allowing flight over populated areas and…

Physical assets

Moderate

Manufacturing and assembly facilities in Dallas and Boston areas, with acquisitions like Rotron Aero (UK) adding production capacity. These assets provide operational foundation but lack the scarcity or irreplaceability that would make them strongly…

Software / hardware

Software35%
Hardware65%

Growth. World-first FAA Type Certified autonomous drone system scales into border protection, public safety, and DoD fleet replacement as NDAA compliance forces Chinese drone phase-out. Primary assets. FAA Type Certified Optimus drone system, FullMA…

Latest entries
  1. thesis_section

    ---

  2. thesis_section

    Ticker: ONDS (NASDAQ) Headquarters: Waltham, Massachusetts, USA Founded: 2018 (via acquisitions) Market Cap: ~$300M Current Price: ~$9-10 52-Week Range: $1.50 - $13.50 Ondas Holdings operates through two business units: Ondas Aut…

  3. thesis_section

    Ondas Autonomous Systems (OAS) - Primary Growth Driver Airobotics - Optimus System: - World's first FAA Type Certified autonomous drone system - Fully automated 24/7 operations without human intervention - Robotic arm swaps batte…

  4. thesis_section

    | Metric | Q3 2025 | YoY Change | |--------|---------|------------| | Revenue | $10.1M | +582% | | Backlog | $65.3M | +180% (from Nov) | | Net Loss | $(7.5M) | Improving | 2025 Full Year Guidance: - Revenue: $47.6-49.6M (raised 2…

  5. thesis_section · moat

    1. FAA Type Certification: Optimus is the only Type Certified autonomous drone system—a regulatory moat competitors can't easily cross. 2. NDAA Compliance: One of few viable options for U.S. government agencies replacing Chinese…

  6. thesis_section

    Critical Infrastructure Protection - European international airports - Border security systems - Utilities and energy facilities Government/Defense - U.S. government agencies (NDAA-compliant) - Border protection (multi-year contr…

  7. thesis_section

    | Date | Event | Impact | |------|-------|--------| | Dec 2025 | Roboteam acquisition closed | +$30M 2026 revenue | | Dec 2025 | Border protection tender won | Multi-year, thousands of drones | | Dec 2025 | $16.4M European airpor…

  8. thesis_section

    1. Explosive Growth: Revenue growing 500%+ YoY with visibility to $170-180M in 2026. 2. Regulatory Moat: FAA Type Certification and BVLOS waivers create barriers competitors can't easily overcome. 3. Counter-UAS Tailwind: Market…

  9. thesis_section

    1. Execution Risk (CRITICAL) - Revenue target jumped from $36M to $180M in months - Must integrate multiple acquisitions simultaneously - Scaling manufacturing is non-trivial 2. Profitability Distant - Still losing ~$7-8M/quarter…

  10. thesis_section

    | Company | Focus | Advantage Over ONDS | |---------|-------|---------------------| | Anduril | Full-stack defense AI | Scale, Lattice C2 platform | | AeroVironment | Drones + loitering munitions | Switchblade dominance, BlueHalo…

Recent records
Action Type Relative size
SELL Equity +35%
SELL Equity +100%
SELL Equity +1%
SELL Equity +7%
SELL Equity +7%
SELL Equity +13%
SELL Equity +6%
SELL Equity +4%
SELL Equity +4%
SELL CALL option +0%
BUY Equity +25%
EXPIRED CALL option 0%
BUY Equity +25%
BUY Equity +13%
SELL CALL option +0%
BUY Equity +13%
BUY Equity +4%
BUY Equity +6%
BUY Equity +6%
BUY Equity +1%
BUY Equity +3%
BUY Equity +7%
BUY Equity +6%
BUY Equity +4%

Notes

Full portfolio moat / asset analysis

Ondas has developed a defensible regulatory moat centered on first-mover advantages in autonomous systems. The company's Optimus System holds the world-first FAA Type Certification and extensive BVLOS waivers allowing flight over populated areas and moving vehicles — a capability most competitors lack. NDAA-compliance positioning makes Ondas a preferred cho…

Full portfolio moat / asset analysis

However, this moat faces long-term vulnerability as regulatory standards normalize and larger defense contractors develop competing capabilities. A landmark border protection contract validates near-term market opportunity.