Bearish, as it pertains to the markets, is the view that investment positions, or the market in general, will decline. An investor can be bearish on an individual stock, bond, sector, commodity, or market as a whole.

Bearish, as it pertains to the Unusual Whales platform, may be used in several different contexts.

Bearish Premium is premium derived from ask-side puts or bid-side calls for a respective ticker. The opposite is bullish premium, which is derived from bid-side puts and ask-side calls. Bearish + Bullish premium = the total premium. 

A call transaction will have a Bearish emoji if it has taken place at or closer to the Bid side (nothing more nothing less!).

A put transaction will have a Bearish emoji if it has taken place at or closer to the Ask side (nothing more nothing less!).