The Slick Strategy Readiness

The Slick Strategy Readiness

Purpose
This is a readiness checklist, not an auto-trader. It supports the method from “The Slick Strategy: A Unique Profitable Options Trading Method.” The idea: each Monday, if conditions are READY, sell a 10-point wide SPX put credit spread with the short strike ~30 points below Monday’s open and hold to Friday’s close.

How the decision works
• Timing mode (choose one):
– Strict: Monday OPEN vs Friday SMAs (non-repainting on daily)
– Mid: Monday OPEN vs Monday SMAs (uses same day; repaints on daily)
• Core rules (always applied):
1) Price ≥ 200-SMA
2) 10-SMA ≥ 20-SMA
3) Core pause: if price is below both 10 & 20 while still above 200 → PAUSE
• Optional context pauses (only if “Apply context pauses” = ON):
– September: Price > 200 and (10 or 20 above price) → PAUSE
– Short week: Price > 200 and Price > 20 and (10 above price) → PAUSE
– Short week + Mon/Fri holiday + late-week major event and price above both 10 & 20 → PAUSE
If “Apply context pauses” is OFF, context rows are informational only and do not change the decision.

What you see on the chart
• Background tint: green = READY, red = PAUSED (by default, only on Mondays).
• Status bubble (last bar): shows “GOOD TO GO” or “PAUSED” on Mondays.
• PCS weekly reference line (strike helper):
– Level = Monday open − offset (default 30 pts; adjustable; optional rounding).
– Current week: orange = GOOD TO GO, gray = PAUSED; appears at start of Monday’s bar and extends through the week.
– Past weeks: green = win (Friday close ≥ that week’s level), red = loss, purple = skipped by core rules.
• SMA plots: optional 10/20/200 with fill between 10 & 20.

Readiness table (top-right by default)
Two columns: Check / Now (✓ or ✗). Rows: Price ≥ 200-SMA; 10-SMA ≥ 20-SMA; Price ≥ 10-SMA; Price ≥ 20-SMA; any enabled context rows; Core READY; Core PAUSE (price < 10 & 20 while >200); Final decision; optional Weekly PCS level.

Inputs (what to tweak)
• Source, SMA 10/20/200 lengths
• Plot SMAs, Fill between 10 & 20
• Only evaluate/tint on Mondays (on by default)
• Decision timing (Strict or Mid)
• Apply context pauses (and individual context flags)
• Table position/size/padding/border
• PCS helper: show current week’s line, show previous weeks’ lines, offset (pts), rounding increment & method, start only on Mondays, show Weekly PCS level in table

How to use (quick steps)
1) Add to SPX on Daily.
2) Pick timing: Strict (no repaint) or Mid (uses Monday SMAs).
3) Optionally enable Apply context pauses and relevant context flags.
4) On Monday’s open:
– If bubble says GOOD TO GO, consider selling a 10-wide SPX PCS with short strike ~30 pts below Monday’s open (adjust offset/rounding as desired).
– If PAUSED, skip this week.
5) Hold to Friday’s close; past weeks color green/red by result; purple indicates skipped.

Notes
This indicator does not place orders. Results depend on fills, fees, slippage, and risk management. Options trading involves risk; trade responsibly.