Please move the “Move to Trash” option to somewhere that makes sense. It’s a little hard to find, but if it was near the top (with Cut, Copy, etc.) or at the very bottom with it’s own divider it would make it so much easier to find quickly.
I’m wondering if it even makes sense to have it in that contextual menu, which is mostly about the content of the note.
In any case, the menu you get with the cog at the bottom does have it, and it is right at the end.
In addition to Drew’s comments, also in the contextual menu you show we actually put it at the bottom, however before being shown, Apple adds a set of menu items at the end over which we have no control alas.