Wheel Strategy Bot

Automated wheel options trading for IBIT using Schwab API.

Setup

1. Get Schwab API credentials:

   • Go to https://developer.schwab.com
   • Create an app
   • Note your App Key and App Secret

2. Install dependencies:

   pip install -r requirements.txt

3. Configure:

   cp .env.example .env
   # Edit .env with your credentials

4. Run:

   python main.py

Strategy

• Ticker: IBIT
• Delta Target: 0.30
• DTE Range: 30-45 days
• Size: 1 contract

Wheel Stages

1. Sell Put → Collect premium, willing to be assigned stock
2. Assignment → If put assigned, own 100 shares
3. Sell Call → Collect premium on owned stock
4. Assignment → If call assigned, sell stock, back to step 1

Current Status

The bot runs in DRY RUN mode by default. It will analyze and display recommended trades but won't execute them.

To enable live trading, modify dry_run=False in main.py.