Educational resource. Not financial advice. Example parameters are illustrative. Agentic options trading can lose capital, including assignment into 100-share stock risk. Not affiliated with Robinhood Markets, Inc.

Agentic Wheel Desk Notes (Sanitized Skips & Setups)

Living ledger of cash-secured put / covered call desk decisions on a Robinhood Agentic account via Trading MCP. Skip is a publishable outcome — see Sitting on your hands.

Playbook (short)

| Rule | Default | |------|---------| | Structure | Cash-secured put → (assign) → covered call | | Tenor | 30–45 DTE | | Short put delta | ~0.20–0.30 | | Exit | ~50% of credit or ≤21 DTE | | Timing | Scout after the open settles; live mid-morning | | Hard skip | Earnings in short life; collateral misfit; strong bear tape for new CSPs |

MCP path is single-leg (Level 2). Spreads / iron condors are out of scope here. Capital commitment and lock timelines: Wheel capital & timelines.

Desk ledger

Newest first.

2026-07-24 — SKIP: Earnings week empties the starter Wheel menu

Why

No earnings in the short-option life (30–45 DTE CSP)
Starter cash-secured put must fit a modest collateral band (illustrative ~40% of a small agentic wallet)
Avoid sub-$5 lottery underlyings for Wheel income

Candidates reviewed

| Symbol | Note | |--------|------| | SOFI | Reports Jul 29 AM — reject for Aug expiries | | F | Reports Jul 28 PM — reject | | RIVN | Reports Jul 30 PM — reject | | HOOD | Reports Jul 29 + price too large for starter CSP collateral | | INTC | Just reported; still too large for starter CSP collateral | | BAC | Clean calendar, but ATM-ish put collateral exceeds starter band | | SNAP | Sub-$5 + Aug 3 earnings — reject |

Next: Re-open after the late-July print cluster, or add a post-earnings liquid name that fits the collateral band (example under review: T).

FAQ

What is the Wheel setup?
Option Alpha–style cash-secured puts into covered calls via MCP: roughly 30–45 DTE, about 0.20–0.30 delta short puts, manage at ~50% of credit or ~21 DTE remaining. Single-leg only at options Level 2.

When does the agent sit?
When every willing-to-own name fails a hard gate — especially earnings inside the short option life, collateral that does not fit the starter band, or a strong bear tape for new CSPs. Those skips are published here.

Is this a trade signal?
No. Entries are educational process logs. They are not recommendations to buy or sell any security.

Disclaimer

Educational only. Not an offer to buy or sell securities. Past patterns are not future results. AI agents can err. You are responsible for every agent-placed order. This site is not a broker-dealer and is not affiliated with Robinhood. See /disclaimer.