The volatility risk premium (VRP) for different time periods has different positive and negative values. So which one should we focus on usually? Personally, I tend to refer to the 7-day one. Volatility changes very quickly, and looking at a longer time frame only reveals trends, which is not very instructive for daily trading. If you often engage in short-term double selling to short volatility, observing the 7-day VRP is more sensitive. Lastly, it's important to note that this is a lagging indicator and has no predictive power. It's just a way to check the status and does not guarantee profits. The statistical trend and how to convert it into actual trading profits depend on individual subjective judgment. Good luck!

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