@Newshound is correct. However, while helping out another community member, I did notice that you can setup a Wyze Trigger Rule which simply says: When the Switch turns on do this… When the Wyze Switch is turned off do this…
I believe this could be something you could try. But realize, it is dependent on a Rule and now directly controlled by the switch.
I just created 2 rules: One for On and One for Off. Tested and it worked for me. The single press turns on my dumb lights, then turns on my Wyze Smart Bulb. Single Press again, turns off my dumb lights and then turns off the Wyze Smart Bulb.
Here are the Rules I used:
ON -------------------------------------- OFF
