Visualizing Bullish vs Bearish Premium: AMZN, GOOGL, MSFT

Here are three visuals that make the concepts concrete — the percentage split, the ratio→percentage conversion curve, and a doughnut for the extreme case.

1) Bullish vs Bearish premium in dollars (magnitude + proportion)

Read it vertically: every name has a taller bearish bar — that's why all three nets are red. The ratio just compresses that visual into one number: $2.35M ÷ $4.52M = 0.52 for $AMZN.

2) The conversion curve — ratio → % share (this is the "aha" chart)

The curve shows the mapping: ratio 1.0 = 50% share (balance), and everything below 1.0 sits under the 50% line. A 0.52 ratio isn't "52%" — it maps to ~34% bullish share. The curve is also non-linear: ratios between 0.4 and 1.0 compress into the 29%–50% band, which is exactly why sub-1 ratios feel like they should be less bearish than they are.

3) The extreme case — $MSFT, doughnut view

$MSFT's 0.37 ratio = nearly 3-of-4 premium dollars were bearish. No one would read "73% bearish" as anything but clearly bearish — while "0.37 ratio" invites the "oh it's less than 1, how bad can it be?" misread. That's the entire argument for quoting percentages: the doughnut reads the verdict in one glance.