What problem does it solve?
This Skill eliminates the manual effort of managing an options wheel trading strategy for Alpaca paper accounts, automating the complex rotation between cash-secured puts and covered calls, handling assignment events, and enforcing required cooldown periods to avoid regulatory classification issues.
Core Features & Use Cases
- State-Machine Driven Rotation: Automatically transitions between four defined phases (no position, short put, long underlying, short call) to execute the classic options wheel strategy.
- Compliance Enforcement: Automatically respects the 2-trading-day cooldown rule for all positions to prevent pattern day trader classification.
- Use Case: If you have Alpaca paper trading options approval, enable this skill to run the wheel strategy automatically on your curated stock pool during market hours without placing orders manually.
Quick Start
Use the strategy_wheel_v2 skill to automatically execute the options wheel rotation on your Alpaca paper trading account once you have received options trading approval.