No, you are not missing something. At this time, you would have to create parallel schedules or device triggered rules that accomplish the same thing.
We have a topic on the #wishlist that requests more rule actions, and this is one of those requests (see third to last entry):
Add More Actions for Wyze Rules
Please hop over and vote for that. You must click the VOTE button at the top for your vote to count. Add any comments you wish to for emphasis as a reply.