I am agreeing with this (yes it's already up from where you initiated but I'm agreeing it will hit your target) as it seems that the most recent data out of Vegas will fuel the turnaround in this that we've already seen in the more Macao-heavy LVS.
I just bought some MGM 13.00 calls expiring Dec 18. for .92 ea. So my break-even price is 13.92. I could see it going up to where it was in April, above $16, but in this short of a timeframe, I'd sell my options if it got to 14.81. No particular rhyme or reason to the number just sounds good.
In general I think the action we've seen very lately indicates a willingness to take on risk and an easing of concerns with regard to debt, interest rates, etc. The casino companies have had to take on debt to grow, but it will pay off.
Sands is still the crown jewel in this space, and in fact I also bought some LVS calls, but MGM has the potential for a lot of catching up. As of yesterday, before a 9.3% drop today, it had done better than LVS over 1 month.