someone with a lot of money to spend has taken a bearish stance on home depot hd and retail traders should know we noticed this today when the big position showed up on publicly available options history that we track here at benzinga whether this is an institution or just a wealthy individual we dont know but when something this big happens with hd it often means somebody knows something is about to happen so how do we know what this whale just did the overall sentiment of these bigmoney traders is split between 28 bullish and 71 bearish out of all of the special options we uncovered 10 are puts for a total amount of 323240 and 4 are calls for a total amount of 223700 taking into account the volume and open interest on these contracts it appears that whales have been targeting a price range from 2600 to 2950 for home depot over the last 3 months in terms of liquidity and interest the mean open interest for home depot options trades today is 59718 with a total volume of 59400 in the following chart we are able to follow the development of volume and open interest of call and put options for home depots big money trades within a strike price range of 2600 to 2950 over the last 30 days home depot option volume and open interest over last 30 days where is home depot standing right now   with a volume of 1124615 the price of hd is down 248 at 28311   rsi indicators hint that the underlying stock is currently neutral between overbought and oversold   next earnings are expected to be released in 76 days what the experts say on home depot   telsey advisory group downgraded its action to outperform with a price target of 340   citigroup has decided to maintain their buy rating on home depot which currently sits at a price target of 327   bernstein has decided to maintain their market perform rating on home depot which currently sits at a price target of 314   credit suisse has decided to maintain their neutral rating on home depot which currently sits at a price target of 310   wedbush has decided to maintain their neutral rating on home depot which currently sits at a price target of 290 options are a riskier asset compared to just trading the stock but they have higher profit potential serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely if you want to stay updated on the latest options trades for home depot benzinga pro gives you realtime options trades alerts