Would to use AJAX to get an option from the database and use it in a jquery setup or is there an alternative to consider?

Enqueue the script as you would normally, & then call the JS function right after the slider HTML output (or on wp_footer), and pass a JSON config back to the function.

<!-- slider HTML -->
<script type="text/javascript">
    jQuery( "#my_slide" ).mySlider(
        <?php echo json_encode( $my_config /* array or object of arguments */ ) ?>
    );
</script>

Alternatively, enter wp_localize_script:

wp_enqueue_script( 'my-slider', plugins_url( 'js/slider.js', __FILE__ ), array( 'jquery' ) );
wp_localize_script( 'my-slider', 'My_Slider', array(
    'somevar' => get_option( 'my_var' ),
));

This’ll output in the head something like:

<script type="text/javascript">My_Slider = { "somevar": "value of get_option( 'my_var' )" }</script>
<script type="text/javascript" src="http://example.com/wp-content/plugins/my-slider/js/slider.js"></script>

See how you now have access to the JS global My_Slider?