Options Pro ChatGPT Plugin Tutorial, Use Cases & Best Prompts

Written by: Peter Sullivan
Last updated:

Do you want to learn more about the Options Pro ChatGPT Plugin?

In this ChatGPT plugin tutorial, we are going to show you how to use the Options Pro ChatGPT Plugin, how to install the plugin, and what the Options Pro ChatGPT Plugin can do.

We are also going to explain what to do when this ChatGPT plugin is not working and anything else important that you need to know about the Options Pro ChatGPT Plugin.

What Can The Options Pro ChatGPT Plugin do?

The Options Pro ChatGPT Plugin is a third-party application that can be integrated with the GPT language model to provide users with a personal options trading assistant.

This plugin allows users to interact with external APIs, which can help them navigate market conditions and make informed decisions about their options trading.

With the Options Pro ChatGPT Plugin, users can access a range of features that can help them optimize their options trading strategies. For example, the plugin can provide users with real-time market data and analysis, which can help them identify trends and make more informed trading decisions.

In addition, the Options Pro ChatGPT Plugin can also provide users with personalized recommendations and alerts based on their trading history and preferences. This can help users stay ahead of market trends and make more profitable trades.

Overall, the Options Pro ChatGPT Plugin is a powerful tool for anyone who wants to improve their options trading strategies. By leveraging the power of external APIs and advanced machine learning algorithms, this plugin can help users make better decisions and achieve greater success in the options market.

Some use cases of the Options Pro ChatGPT plugin

  1. Market Outlook: Users can get a comprehensive overview of the current market trend based on key indicators.
  2. Stock Analysis: Users can analyze individual stocks, especially when a specific ticker is provided.
  3. Option Chain Analysis: Users can get detailed information about selected option contracts for a given ticker and a given strike price.
  4. Option Trade Analysis: Users can get information about the top trades in volume for a given option contract historically.
  5. Option Flow Analysis: Users can get real-time data on the most traded options in terms of volume during market hours.
  6. Unusual Options Activity Alerts: Users can get alerts about unusual options activity in the market.
  7. VIX Term Structure Analysis: Users can get the VIX term structure and plot, from CBOE’s VX futures expiration dates.
  8. Gamma Distribution and GEX Data: Users can access end-of-day Gamma Distribution and GEX data for a specified ticker.
  9. Market Sentiment Indicator (MSI) Analysis: Users can get the most up-to-date MSI indicator analysis.
  10. Economic Events: Users can get key economic events for a given number of days in the future.

Best ChatGPT prompts to use the Options Pro ChatGPT plugin

Here are 10 best ChatGPT prompts for the OptionsPro plugin:

  1. “What is the current market outlook?”
  2. “Can you analyze the stock with ticker AAPL?”
  3. “Can you provide details about the option contracts for TSLA with a strike price of 700?”
  4. “What were the top trades for the option contract TSLA230519C00200000 on 2023-05-10?”
  5. “What are the most traded options in terms of volume today?”
  6. “Are there any unusual options activities in the market today?”
  7. “Can you show me the VIX term structure and plot?”
  8. “Can you provide the end-of-day Gamma Distribution and GEX data for SPX?”
  9. “What is the most up-to-date MSI indicator analysis?”
  10. “What are the key economic events for the next 30 days?”

How To install the Options Pro ChatGPT Plugin?

Here is how to install the Options Pro ChatGPT Plugin:

  1. Open the ChatGPT website
  2. Sign in to your ChatGPT account
  3. Make sure that you have enabled ChatGPT plugins in your account.
  4. Select GPT-4 model from the model selector.
  5. Click on the ChatGPT plugin icon
  6. Select Plugin store.
  7. Search for the Options Pro ChatGPT Plugin
  8. Click on ‘Install’ to add the Options Pro ChatGPT Plugin to your ChatGPT account.

Now, also make sure that if you want to use the Options Pro ChatGPT Plugin, you have to use the GPT-4 model and you also have to enable the plugin. (currently, only 3 ChatGPT plugins can be enabled at the same time)

Can’t install the Options Pro ChatGPT Plugin

If you can’t install the Options Pro ChatGPT Plugin, here is how to troubleshoot and find out why you can’t install and use this specific plugin.

1.Make sure you have upgraded to a GPT Plus subscription as ChatGPT plugins are currently only available for Plus subscribers

2. Next, you also have to make sure that the ChatGPT plugins are enabled in your ChatGPT account.

ChatGPT plugins enabled 2

3. It is possible that the Options Pro ChatGPT Plugin is not available in the ChatGPT plugin store anymore temporarily because of some technical issues with the integration.

If you have already installed the Options Pro ChatGPT Plugin but it still not generating the right response, check out the next section.

Options Pro ChatGPT Plugin not working – how to fix it?

If the Options Pro ChatGPT Plugin is not working properly or you get error messages instead of a ChatGPT response, here are some ways to fix it.

  1. Click on the ‘Regenerate response’ button

Keep in mind that the ChatGPT plugin is still a beta feature, so bugs and other technical issues can occur frequently when you try to make any ChatGPT plugin work.

regenerate ChatGPT plugin response 2

However, in a lot of cases, the ‘Regenerate response’ button can help you fix a lot of errors.

  1. Check if you have selected the ChatGPT plugin mode

Once you have installed the Options Pro ChatGPT Plugin, you also have to make sure you are using the Plugin mode in ChatGPT if you want to use the Options Pro ChatGPT Plugin

Currently, the browsing mode and the plugin mode can’t be used at the same time as you can see on this screenshot:

ChatGPT plugin mode enabled
  1. Make sure you have enabled the Options Pro ChatGPT Plugin

Once you have selected the plugin mode, also make sure you have enabled the ChatGPT plugin.

Keep in mind that only three ChatGPT plugins can be enabled at the same time.

  1. Options Pro ChatGPT Plugin giving me a bad response or output.

If you can’t get the Options Pro ChatGPT Plugin to give you the desired output, the easiest method is to ask ChatGPT directly using the GPT-4 model how to get better responses from the Options Pro ChatGPT Plugin.

  1. Check other reasons why ChatGPT is not working

It is also possible that there aren’t any issues with the Options Pro ChatGPT Plugin, but ChatGPT has some technical issues in general. So as a best practice test, if ChatGPT is working without the plugin mode enabled.

If ChatGPT without the plugin mode enabled is not giving you a response as well, then most likely the bug is not related to the Options Pro ChatGPT Plugin.

How to uninstall Options Pro ChatGPT Plugin?

If you no longer want to use the Options Pro ChatGPT Plugin, here is how to uninstall it:

  1. Open and sign in to ChatGPT.
  2. Select GPT-4 model from the model selector.
  3. Click on the ChatGPT plugin icon
  4. Select Plugin store.
  5. Search for the Options Pro ChatGPT Plugin
  6. Click on ‘Uninstall’ to remove the Options Pro ChatGPT Plugin.

Learn more about ChatGPT plugins

Are you completely new to ChatGPT plugins?

Learning more about ChatGPT plugins can also help you use Options Pro ChatGPT Plugin more effectively.

Check out our ChatGPT plugin resources here:

Video tutorial for beginners on how to use ChatGPT plugins:

Some other ChatGPT tutorials:

Do you want to learn more about another ChatGPT plugin? Check out all the currently available ChatGPT plugin tutorials here.

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