The Wheel Strategy P4: Reduce Cost Basis with Options on Dividend Aristocrat TROW | ThinkorSwim

In Part 4 of The Wheel Strategy series, I demonstrate how to use options on TROW, a Dividend Aristocrat, to reduce your cost basis and generate income four ways: puts, calls, dividends, and capital gains.

This “double Ferris wheel” setup lets you trade both sides of The Wheel using real trades on ThinkorSwim. I walk through the trade decisions, show projected outcomes, and explain how dividend reinvestment helps build a long-term income position.

Highlights:
– Why TROW is a great candidate for this strategy
– Selling puts and covered calls for income
– Using dividends to buy more shares
– Real-time trade tracking and breakeven analysis
– How this setup can lower your adjusted cost per share over time

Learn more about options trade management in my ebooks:
The Novice Investor’s Guide to Stocks, Funds, and Options or
Beginner's Guide to Safe Options Trading

Watch the full 4-part playlist.

👇 Resources & Links

📘 My Investing Books on Amazon:
Beginner’s Guide to the Stock Market: https://amzn.to/4cmCQ0w
Beginner’s Guide to Options Trading: https://amzn.to/43NQBmU
Bull Put Spread Options Guide: https://amzn.to/3E2qUVb
Full Collection in One Volume: https://amzn.to/3E2qUVb

💬 Schedule a 1:1 Investing Coaching Session: https://www.fiverr.com/s/XLk6GNm

🔗 More resources:
Website: https://www.saylorfinancialfundamentals.com/
Free tools & downloads: https://www.saylorfinancialfundamentals.com/free-stuff

🎡 Visual Credits:
The opening SkyWheel video clip is sourced from Iowa PBS’s 2013 coverage of the Iowa State Fair.
Additional SkyWheel images are from the Modern Midways website: https://modernmidways.com

All visual elements are included under fair use for educational and commentary purposes.
Special thanks to both organizations for capturing and sharing these iconic images.

🛍 Some of the links above are affiliate links. If you use them, I may earn a small commission—at no extra cost to you. Thanks for supporting the channel!

Видео The Wheel Strategy P4: Reduce Cost Basis with Options on Dividend Aristocrat TROW | ThinkorSwim канала Patricia Saylor - Financial Fundamentals