Going to bail on the original butterfly here. The trade only has 18 calendar days left, which is very short for this kind of trade.
Sell to close RUT Dec 1180/1130/1080 put butterfly for 12.50.
That puts the whole trade at a gain of 34% return based off the maximum risk taken on the trade.
If RUT spikes higher again, I’ll take the same trade but will go use Jan or Feb options.