strategy_wheel

Automate the options wheel trading workflow for Alpaca paper accounts.

2|4|Updated Apr 27, 2026
One-click install
npx skills add https://github.com/khoks/ClaudeTrading --skill strategy-wheel
Or copy as Structured Prompt for Agent
Please help me install this Agent Skill.
Skill: strategy_wheel
Source: https://github.com/khoks/ClaudeTrading/tree/main/.claude/skills/strategy_wheel
Command: npx skills add https://github.com/khoks/ClaudeTrading --skill strategy-wheel

SYSTEM DOCUMENTATION & REQUIREMENTS

💡 This Skill requires jq, and includes scripts (resource) components.

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.

Frequently Asked Questions about strategy_wheel

High-intent search queries and answers about installing and using this skill.

FAQPage Schema
How do I automate the options wheel strategy on Alpaca paper trading?

To automate the options wheel strategy on Alpaca, this Skill manages state transitions between selling cash-secured puts, handling put assignment, selling covered calls, and resetting after call assignment without manual order placement.

What is the options wheel strategy workflow for Alpaca options?

The options wheel strategy workflow rotates between selling cash-secured puts to acquire shares at a discount, then selling covered calls against that long underlying position to collect premium until call assignment resets the cycle.

Do I need options trading approval to run the wheel strategy on Alpaca?

Yes, you need verified options trading approval on your Alpaca account to run the wheel strategy. The Skill checks for this approval status before activating operational logic to ensure proper permissions are in place.

How do I enable the Alpaca wheel strategy automation configuration?

You enable the wheel strategy automation by explicitly setting it to enabled in the strategy_defaults.json configuration file. Without this explicit enablement, the Skill returns a disabled status response for safety.

Does Alpaca paper trading support automated covered calls and cash-secured puts?

Yes, Alpaca paper trading supports automated covered calls and cash-secured puts for accounts with verified options approval, allowing full rotation between short options and long underlying positions across market ticks.

Why is my Alpaca options wheel strategy returning a disabled status?

Your Alpaca options wheel strategy returns a disabled status if the workflow is not explicitly enabled in the strategy_defaults.json configuration file or if your account lacks verified options trading approval.