TMF Bullish Put Credit Spread Anticipating Sep Rate Cut

The user is initiating a bullish put credit spread on TMF (a leveraged long-duration treasury ETF) with a September 19th expiration, specifically citing an expected Fed rate cut around September 17th. This strategy profits if TMF's price rises (or stays above the breakeven point), indicating a conviction that bond prices will increase (and yields fall) following the anticipated monetary easing. This presents a short-term bullish trading opportunity on TMF.