The $1 Million Trading Challenge Is Back – Here’s How to Join
Listen to the audio version of this article (generated by AI).
In This Digest:
- Jeff’s $1 million trading challenge is off to a roaring start – join in for the next seven days
- This memory stock is primed for a big move, and our AI engine favors it running higher
- Our Signals software points to an imminent six-month high for bitcoin
Jeff Clark is reopening his $1 million trading challenge…
Back in May, our 40-year options trader did something he’d never done before.
He set out to turn a $5,000 stake into $1 million in 12 trades or less. And he invited TradeSmith readers to follow each trade he made in their own accounts.
If you’ve seen the popular TV game show Who Wants to Be a Millionaire, you’ll have some idea how this works.
Contestants sit in a “hot seat” across from the host and work through 15 multiple-choice questions of increasing difficulty to win a top cash prize of $1 million.
The stakes start out small, and you climb the money ladder with each correct answer.
Jeff and his followers are climbing the money ladder using option trades.
Jeff is the first to admit that the odds of reaching $1 million are slim. But it’s far from impossible.
One of his team members went through the track record of his newsletter recommendations. And across nine years and nearly 400 closed trades, there were 36 separate streaks of three or more winning trades in a row. Twenty-one of those streaks ran five trades or longer. Eight ran for eight trades or more.
Twice, the streaks were long enough that – if you’d rolled a $5,000 stake from one trade into the next – you would have crossed the $1 million mark.
The first was during the 2023 banking crisis. Nine trades that could have turned $5,000 into $1.3 million with a rollover strategy.
The second was during the AI repricing of 2025. Twelve trades that could have turned $5,000 into $2.6 million.
And the timing of those two streaks wasn’t coincidence.
On both occasions, market conditions looked a lot like what we’re seeing right now.
High volatility… broken assumptions… stocks moving 20% or 30% in a single session…
And sectors getting repriced overnight as the rules of normal investing were thrown out the window.
Jeff’s trading challenge has been a hit with participants who’ve been writing in by the dozen, several landing triple-digit gains of their own by following the same instructions.
Take it from Andrew C., who wrote to Jeff to say:
Very good outcome… Followed the position size recommended… about 150% gain… A few more trades like this will soon see us into serious profits, so many thanks and please keep it going.
Or Warren, who wrote to say:
All told, we’re loving this! And, you are certainly dispelling the myths and fear mongering, while teaching a confident, conservative, and safer approach to options trading!
If you’d like to join them, Jeff is reopening his Challenge – but only for the next seven days.
And don’t worry about the trades you’ve missed out on. Jeff will be rolling the challenge forward for new participants. So whenever you start, there’ll be 12 trades to take.
You’ll also get access to Jeff’s world-class options education series, where you’ll learn everything you need to get started in the options market, and quickly. Even if you’re an experienced options trader, there’s plenty you’ll learn from this series.
And finally, members get access to Jeff’s live trading blog, Delta Direct, where he shares quick-hit trading ideas that can take place over mere days, if not hours.
For the full details on Jeff’s $1 Million challenge – included with a subscription to his Delta Report service – go right here.
This memory stock is tightly converged, and just turned green in our system…
Another unique benefit of signing up for Jeff’s $1 Million trading challenge is access to his Convergence/Divergence indicator.
It tracks three measures of how a stock is tending over different timeframes. When these three trend lines are close together, the stock price is coiled up and primed for a big move. When they’re far apart, they’re in a strong trend – either up or down.
Finding coiled stocks can be a great strategy for short-term trades. And we’re seeing one of those coiled setups today in one of the hottest memory stocks of 2026, Sandisk (SNDK).
SNDK, like lots of other semiconductor and memory stocks, has taken it on the chin since the June highs. It fell as much as 56% as momentum stocks unwound.
Since then, though, it’s up 71% in just a few short weeks. And as it sits right near its one-month highs, it’s tightly converged, making the price act like a coiled spring.
Plus, it has a strong bullish forecast on our Predictive Alpha algorithm:
Predictive Alpha is like ChatGPT for stock prices. Rather than predicting the next most likely word in a sequence, Predictive Alpha forecasts the next most likely price for a stock.
It’s trained on more than 100 billion data points from decades of market history. And every forecast, right or wrong, reinforces the model.
Right now, Predictive Alpha sees a 13.7% gain in SNDK from now through Oct. 5. And forecasts on this stock have been accurate more than 77% of the time in the past.
If you’re bullish on memory stocks, SNDK looks like a great setup for a short-term move here.
Our Signals software is pointing to further gains in bitcoin…
Bitcoin prices are up more than 34% from the year’s lows, set on July 1.
We called out the renewed momentum in bitcoin back on Aug. 4, saying:
On Sunday, Bitcoin’s Short-Term Health flipped from Red to Yellow. That’s after several Red shifts this year that came just ahead of major drops in price…
[We’re seeing this] amid a pile-on of bearish headlines. That’s a sign that the bearish trend could be starting to shift.
And since our call, bitcoin is up more than 24%.
Now, though, bitcoin prices have stalled.
And at an interesting level – just below the six-month highs set in May:
If bitcoin prices push higher, that would be an encouraging sign for a new potential bull run in crypto.
And according to our Signals software, odds are good that we’ll get that push.
Every stock and crypto has its own “thumbprint” – patterns that show up again and again over the years. Our Signals software reads that thumbprint.
Using machine learning – a branch of AI – it scans millions of data points, finds the moments that looked just like today, and asks a simple question: What happened next?
Not once or twice, but dozens of times. That gives us an evidence-based read on where prices are likely headed.
Right now, we’re seeing one such setup on bitcoin that has led to average gains of 5.8%. And a gain like that would put bitcoin at about $85,000 – well above its six-month high.
This signal is a Bullish Pivot. These occur when a stock or crypto sharply drops during a strong uptrend.
For bitcoin, we’ve seen this signal occur 31 times over the past decade. More than 90% of the time, it’s preceded a gain in bitcoin. The average return counting wins and losses was 5.8%. And when the signal was accurate, bitcoin prices rose 6.9%.
As this dot plot chart below shows, these signals cluster around either the beginning or end of bitcoin bull markets:
Green dots show times when the signal generated a positive return. Red dots show losing trades.
As you can see, there’s a cluster of green dots in late 2023 and early 2024, right before bitcoin was about to make new highs.
We also saw it in mid-2019, where it saw some of the best gains in the signal’s history. That coincided with a 185% rally in bitcoin that year.
And even in late 2017, when bitcoin was peaking before a long bear market, the signal generated winning trades.
The only losing trades were during the pandemic crash – those three red dots you see right around January 2020.
If you already own bitcoin, keep holding it. If you don’t, consider trading this signal or letting it serve as an entry point for a longer-term bull run.
To building wealth beyond measure,
Michael Salvatore
Editor, TradeSmith Daily