I'm sorry, but by the time a fish is moving like that, it's usually not going to make it I'm afraid. It means either something is wrong with the swim bladder, or the brain, and I'm leaning towards the brain after watching the video.
Whether this is related to the ammonia/nitrite spike, it's impossible to tell. How long have you had the different fish?
Keeping him isolated from the others is definitely best -fish will turn and bully a weak fish, since in the wild a weak struggling fish attracts predators.
Oh, if the water from the tap is too cold, add some boiling water to bring it to the tank temp, use a thermometer to check it's the same temp, and use a declorinator.
There's another problem with the stocking though, I'm afraid. Mollies don't just need hard water, they need water that's 250GH or above. Otos, on the other hand, need very soft water. If they are in hard water, they may appear fine, but they cannot excrete the minerals from the hard water, so they develop blockages internally, usually around the kidneys, so it blocks their organs and leads to organ failure and an early death. Check your water GH, and choose your stocking to suit the water you have. The fish will thank you for it and you'll have more long term success!
If your water is hard, but not hard enough for mollies, then other livebearers can work. Guppies/platies/Endlers etc need hard water, but don't need it to be as hard as mollies do.
ETA: Most fish stores will be able to accurately test your water GH from a sample using a liquid test. Take a sample of your source water (tap, if that's what you're using for the tank) not the tank water, since you need to know the GH of the water you're adding to the tank. Make sure to note both the number and the measurement they're using.