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](/resources/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](/resources/wheel-capital).

## 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.

## Related

- [Wheel capital & timelines](/resources/wheel-capital)
- [Sitting on your hands](/resources/sitting-on-your-hands)
- [When the agent should sit](/resources/when-the-agent-should-sit)
- [Robinhood MCP](/resources/robinhood-mcp)
- [Equity scalp playbook](/resources/agentic-trading-playbook)
- [Evidence field notes](/evidence)

## 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](/disclaimer).


Canonical: https://www.soyhands.com/resources/agentic-wheel-desk
Markdown: https://www.soyhands.com/resources/agentic-wheel-desk.md