IBKR Outlook with Rate Cuts Ahead?”

I’m holding a married put on IBKR (700 shares) and HOOD (200 shares). From their earnings/8Ks, it looks like IBKR relies heavily on margin interest fees. With rate cuts ahead, I’m worried this could pressure revenue likely more for IBKR than HOOD.

I like both companies long term (HOOD just hit the S&P 500 and is pushing tokenized stocks), and I’ve done well selling vertical puts on HOOD. But I don’t want to burn more premium buying extra puts if IBKR’s near-term trajectory is down. My current hedge expires Sept 19.

What’s your outlook on IBKR over the next 3 months?