Investors Wary of McDonald’s Revamp

New York — McDonald’s Corp.’s turnaround plan is making options traders grimace. Implied volatility on the company’s stock is at its highest since 2008 versus an exchange-traded fund tracking the Standard & Poor’s 500 Index, according to data compiled by Bloomberg. The increase signals rising demand for options used to protect against losses in the shares. Short interest on McDonald’s is the highest since 2013. When Chief...

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