Options Wonderland

[FiremanDave]

I have a question about an options intention involving the investor. We were having a discussion about alot of 30$ puts being made on Oil in Febuary. Does buying these mean that the investor is banking that Oil will be above 30$ and still be able to buy it at 30$ or is the investor banking that Oil will be below 30$ in Febuary. TIA to anyone that can answer this myself and others are trying to learn options. Dave