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name: wheel-strategy-options-runner description: Have Claude run the wheel strategy on Alpaca paper: sell cash-secured puts, get assigned, sell covered calls, and roll every cycle.

Wheel Strategy Options Runner

What This Does

The creator dictates the full wheel rules: sell a cash-secured put 10% below current price with a 2-4 week expiry, collect premium, and if assigned start selling covered calls 10% above cost basis. Claude checks positions every 15 minutes during market hours, closes contracts at 50% profit, and delivers a daily market-close summary.

What You Get

• Cash-secured put trigger rules
• covered call rules once assigned
• premium tracker across cycles
• 50% profit auto-close trigger
• daily market-close summary
• enforce cash-covers and never-below-cost checks

Customize

• ticker: underlying stock
• put_strike_offset: percent below current price for puts
• call_strike_offset: percent above cost basis for calls
• expiration_window: days to expiry range
• profit_close_threshold: percent gain that triggers early close

Sample Output

Claude sells a Tesla 230 put, collects 500 dollars, then if assigned sells a 260 covered call the next cycle, tracking premiums across each rotation.

Target Audience

Options traders who want an unattended wheel runner

Source

https://youtube.com/watch?v=lH5wrfNwL3k