Covered Call on The People's Insurance Company (Group) of China (1339.HK)
A covered call on The People's Insurance Company (Group) of China (1339.HK) is a neutral to mildly bullish options strategy, anchored to 1339.HK's real 5.27 HKD price as of 2026-10-09. See how it works, an illustrative strike setup, and max profit/loss/breakeven below — not a live option quote.
Last updated 2026-10-09 · Source: end-of-day close (real price); strikes illustrative, educational only — not a live option quote
How does a covered call on 1339.HK work?
A covered call on The People's Insurance Company (Group) of China means holding 100 shares and selling one out-of-the-money call against them to collect premium. It trades away upside above the strike for income.
Outlook: neutral to mildly bullish. Real reference price: 5.27 HKD (as of 2026-10-09).
How to set up the covered call (illustrative)
| Leg | Detail (illustrative) |
|---|---|
| Own | 100 shares of 1339.HK (real last price ~5.27 HKD) |
| Sell | 1 call, illustratively ~4% OTM near the 5.48 HKD strike |
Strikes are illustrative percentages of the real price, not live option quotes. Pick actual strikes and expiries from a broker's option chain.
Max profit, max loss and breakeven
| Max profit | (call strike − share cost) + premium collected = about (5.48 HKD − your cost) + premium |
|---|---|
| Max loss | share cost − premium collected (if 1339.HK falls to zero) — same downside as owning the shares, reduced by the premium |
| Breakeven | share cost − premium collected |
When to use it — and the risks
When: When you own 1339.HK and expect it to trade flat-to-slightly-up into expiry, and want to earn income on the position.
Risks: Upside above 5.48 HKD is capped; you still bear the full downside of holding 1339.HK (minus the premium).
Related research pages
More on 1339.HK
Frequently asked questions
What is a covered call on 1339.HK?
A covered call pairs owning 1339.HK shares with selling a call against them — you collect premium income in exchange for capping the upside above the strike.
How do you set up a covered call for 1339.HK?
Hold 100 1339.HK shares and sell 1 call near a strike about 4% above the current 5.27 HKD price. Treat 5.48 HKD as an illustrative anchor — pull real strikes from a live option chain.
What is the max profit and loss?
Profit tops out at the premium plus any gain up to the strike; loss tracks the shares' decline, cushioned by the premium collected.
When should you use a covered call on 1339.HK?
Best when you already hold 1339.HK, expect it to stay flat-to-slightly-up, and want income while you wait — not when you expect a big rally, since gains above the strike are given up.