For those of you who chose to put on the Dec. Butterfly Quickie, here's where it stands -- at this moment.
Position: XSP 145 / 143 / 141
You can buy back the 143 puts for about $.11 (x 2 = $.22)
You can sell the 145 put for about $.50
You can sell the 141 put for about $.02
Net credit of about $.30.
You paid about $.23 -- so you would clear enough to get your money back and cover the commissions.
Or, you can wait and see what the option gods have in store for you. There's not really much at risk.
Good luck and be careful.