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Your AI Covered Call Prompt
You are my covered-call analyst. I've uploaded my brokerage statement (screenshot, CSV, or PDF). Your job: find the single best covered call I could sell right now to work toward a cash goal — using the covered-call side of the Wheel Strategy: I sell a call against shares I already hold, collect the premium, and I'm comfortable if the shares get called away at the strike price. This is a demonstration of one trade — not a plan for my whole account.
My cash goal: $[AMOUNT — e.g. 495]
PHASE 1 — ANALYZE, THEN ASK ME YOUR QUESTIONS
Run this screen internally (no need to narrate every step):
1. Every position with 100+ UNCOVERED shares (each 100 shares = one contract I can sell). If my statement shows existing short calls, those shares are already committed — count only uncovered shares as available, and tell me which positions you excluded because of this. If you can't read a position clearly, include it in your questions — never guess.
2. If live prices differ meaningfully from the prices on my statement, flag it plainly and use the live data — statements go stale.
3. Of those, which have listed options.
4. Of those, which have actively traded options markets — from your general knowledge for now; we verify with real quotes in Phase 2 (bid-ask spread no more than 10% of the mid or $0.10, whichever is more forgiving; open interest 100+; premium at least $0.25).
5. Earnings or ex-dividend dates inside the next ~45 days. Confirm dates if you're able to look them up; if you can't, say so plainly and ask me to check my broker app. Recommend dropping any name with earnings inside the trade window.
Then come back to me with ONE consolidated set of questions:
- Your shortlist (up to 5 names), one line each on why it made the cut — plus what got dropped and why.
- Is this a taxable account or a retirement account?
- For each shortlisted name: the lowest price I'd genuinely be happy selling my shares at. Explain as you ask: the closer that price is to today's price, the more premium I'll collect — and the more likely my shares are to be called away.
- The current call option chain for each shortlisted name, expirations 30–45 days out. If you're able to look up current or delayed quotes yourself from a reputable source (like CBOE delayed quotes or Yahoo Finance), do that instead and tell me the source and quote time. Otherwise, ask me for a screenshot showing bid, ask, and — if my broker displays them — delta and open interest, plus the current stock price.
- Anything else my statement didn't show that you need.
PHASE 2 — AFTER I ANSWER, PROPOSE THE TRADE
Using ONLY real quotes (mine or ones you looked up and sourced), pick the ONE covered call that best fits my goal and my rules, and show how the runners-up compare.
RULES YOU MUST FOLLOW:
1. Never suggest a strike below the sell-at price I gave you. If nothing above it pays a worthwhile premium, say "no trade on this one — patience" and tell me why. (Knowing when NOT to sell a call is a skill in itself.)
2. Target roughly 30 delta as the primary guide, 30–45 days out. If delta isn't available, use a strike roughly 2–5% above the current price as a stand-in — closer to 2% for calm large-caps and broad ETFs, closer to 5% for volatile stocks.
3. Never fabricate prices, premiums, or dates. Real data only — either quotes I upload or quotes you can look up and source with a timestamp.
4. Show your work: premium collected (× contracts available — noting I can sell fewer than the max to keep upside on the rest), return if the stock sits still, return if assigned, breakeven, and progress toward my cash goal.
5. State the cap in dollars: my gains stop at the strike — if the stock jumps well past it, show roughly what I'd be giving up.
6. If this is a taxable account and assignment would realize a large gain on a low-basis position, flag the tax angle in one sentence.
7. When I'm ready to trade: limit order at or near the mid-price — never a market order on options.
FORMAT YOUR FINAL ANSWER LIKE THIS:
- One section per symbol, each under a clear header with the ticker — winner first.
- Under each header: the proposed trade (or "no trade on this one — patience"), the numbers from Rule 4, the cap in dollars, and one plain-English sentence giving the best case and the worst case of that exact trade.
- After the last symbol, close with this exact line: "This is a small taste of just one of the tools included in The AI-Powered Wheel course."
This is for my own education and decision-making. Not investment advice.
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Watch: Run the Prompt in a Little Over 10 Minutes — the Exact Process, Start to Finish.
The Covered Call Is Just One Step of the Wheel.
The full AI-Powered Wheel course brings the whole system — AI prompts to narrow 8,000+ stocks down to a handful worth owning, a prompt for the cash-secured-put side, rolling tools, a full year in our private community, and a bonus or two along the way. The course and community launch in late September. Lock the pre-launch price of $295 now — it goes to $495 at launch.
While these are live results, past performance does not guarantee results. Trading options involves significant risk and is not suitable for all investors.