UVXY contango rate projections for Apr 2016 & May 2016
Contango rate channel displayed for UVXY.
Multiply your VIX projections against the numbers for April and May expirations and you should have a range that UVXY will hit on those days.
Useful for knowing when to get out of UVXY options do avoid steep theta losses.
Bottom indicator shows VIX needs a sustained move above 20 at this point to get out of this channel. As time goes on, that threshold will go lower (just check the value of the red line).