strategy_wheel_v2

Automate options wheel rotations and cooldowns for Alpaca paper accounts.

2|4|Updated Apr 27, 2026
One-click install
npx skills add https://github.com/khoks/ClaudeTrading --skill strategy-wheel-v2
Or copy as Structured Prompt for Agent
Please help me install this Agent Skill.
Skill: strategy_wheel_v2
Source: https://github.com/khoks/ClaudeTrading/tree/main/.claude/skills/strategy_wheel_v2
Command: npx skills add https://github.com/khoks/ClaudeTrading --skill strategy-wheel-v2

SYSTEM DOCUMENTATION & REQUIREMENTS

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

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.

Frequently Asked Questions about strategy_wheel_v2

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

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

You can automate the options wheel strategy on Alpaca by running a state-machine driven script that rotates between cash-secured puts and covered calls. This handles assignment events and order management automatically during scheduled market hours.

Can I run automated covered calls and cash-secured puts without triggering pattern day trader rules?

Yes, automated covered calls and cash-secured puts can avoid pattern day trader classification by enforcing a mandatory 2-trading-day cooldown period for all positions. This compliance rule is applied automatically after each rotation phase.

What is needed to start automated options trading with Alpaca?

To start automated options trading with Alpaca, you need an Alpaca paper trading account with options trading approval, the jq dependency installed, and a curated stock pool configured for the script to execute the wheel strategy.

How does a state-machine driven options wheel rotation handle stock assignments?

A state-machine driven options wheel rotation handles stock assignments by automatically transitioning between four defined phases: no position, short put, long underlying, and short call. This removes the need for manual tracking of assignment events.

Does automated wheel strategy trading work with live Alpaca brokerage accounts?

This automated wheel strategy trading is designed exclusively for Alpaca paper accounts to generate recurring premium safely. It enforces pattern day trader cooldown rules to prevent regulatory risks during scheduled market hours.

Why does automated options wheel trading require a cooldown period between rotations?

Automated options wheel trading requires a cooldown period between rotations to prevent regulatory classification as a pattern day trader. Enforcing a 2-trading-day cooldown rule for all positions ensures compliance with financial regulations.