What problem does it solve?
This Skill eliminates the manual effort and error risk of executing the options wheel trading strategy on Alpaca paper trading accounts, which requires tracking complex state transitions between selling cash-secured puts, handling share assignment, selling covered calls, and handling call assignment across multiple market ticks.
Core Features & Use Cases
- Full Wheel State Machine: Implements the complete four-phase wheel workflow: selling cash-secured puts, waiting for assignment to long underlying, selling covered calls, and waiting for call assignment to reset the cycle.
- Safety-First Gating: Disabled by default, requiring explicit enablement in configuration and verified Alpaca options trading approval to prevent accidental use without proper permissions.
- Use Case: Alpaca paper traders with approved options trading can use this Skill to fully automate the wheel strategy's rotation between short options and long underlying positions, without manually placing orders or tracking position state across market ticks.
Quick Start
Use the strategy_wheel skill to run the enabled options wheel strategy for your Alpaca paper trading account.