Elements with north-south dynamics and free subgroups have positive density in Thompson's groups T and V

We show that the density of elements in Thompson's groups T and V which have north-south dynamics acting on the circle is positive with respect to a stratification in terms of size. We show that the fraction of element pairs which generate a free subgroup of rank two is positive in both groups with respect to a stratification based on diagram size, which shows that the associated subgroup spectra of $T$ and $V$ contain free groups.