On Christmas Eve 2025, the U.S. equity market delivered a final burst of holiday strength, with the S&P 500 climbing to a fresh intraday record of 6,921.44 during the shortened session. Trading wrapped at 1:00 p.m. ET, but even in the characteristically thin holiday volume, the index managed to eclipse the previous day’s high.
Christmas Eve 2025 Overview
The dominant story of the day belonged to the U.S. indices. The Dow, S&P 500, and Nasdaq all closed higher in the abbreviated session, reinforcing the sense that the Santa Rally was firmly intact and likely to carry momentum into the final trading days of the year. For traders, portfolio managers, and anyone watching the tape, Christmas Eve 2025 offered a quiet but decisive confirmation: the market was ending the year not with hesitation, but with strength, clarity, and a forward‑leaning posture into 2026.
Christmas Eve 2025 Trades
SPY Ladder. SPY calls were all that was needed. The following trades were set into motion within 10 minutes BMC 12/23/2025.
From my “Slow Account”
- BTO SPY 251224C $687 in at $1.65
- BTO SPY 251224C $688 in at $0.72
- BTO SPY 251224C $689 in at $0.32
- BTO SPY 251224C $690 in at $0.11
The above trades made the day! Finishing:
- STC SPY 251224C $687 ($3.55) +121.21%
- STC SPY 251224C $688 ($2.56) +255.55%
- STC SPY 251224C $689 ($1.56) +387.50%
- STC SPY 251224C $690 ($.62) +463.64%
Today’s ROI +306.95%
From my “Fast Account”
- BTO SPY 251224C $687 in at $1.65
- BTO SPY 251224C $688 in at $0.72
- BTO SPY 251224C $689 in at $0.32
- BTO SPY 251224C $690 in at $0.11
Finishing:
- STC SPY 251224C $687 +38.95%
- STC SPY 251224C $688 +75.61%
- STC SPY 251224C $689 +56.88%
- STC SPY 251224C $690 +178.67%
Christmas Eve 2025 Summary
I had anticipated a +0.50% move for SPY on 12/24/25, but I sold around +0.48% with theta starting to breathe down my neck.
The market was a slow grind higher after the first 70 minutes of minor chop. The fast account has followers, so I get in and out faster than the slow account. Both accounts are 99% 0DTE trades.
Wishing you a calm Christmas Eve and a Merry Christmas filled with rest, clarity, and the kind of peace no market volatility can touch.
