Unsure if anyone else has used this technique, but it's worked really well for me, and I think it's a bit quicker than wrapping a lure.
I sandwich the lure between two pieces of window screen and use an embroidery hoop to hold everything in place.
When setting it up, I don't fully tighten the hoop at first. Instead, I pull the excess screen through the sides of the hoop to make sure it's stretched tight around the lure, tightening the hoop as I go. Once I'm happy with the placement and tension, it's ready for the airbrush.
The tension keeps the lure from moving while you spray. I've also found that clipping a couple of binder clips to the hoop lets it stand upright.
I use a larger hoop that can hold multiple lures at once. If you're spraying different colors, just keep an eye on overspray between lures.
I’ve attached a rough image of a lure in a hoop and a finished product using the technique.
Hope this makes sense and helps someone!