While an individual investor might not be comfortable on their own using a buy-write call strategy income expert Richard Lehmann uncovers a closed-end fund that allows the investor to easily participate in this othereise sophisticated options approach that is used to generate high income.

In his Income Security Advisor ETF Investor he explains, "Buy-write funds have the advantage of moderating market swings because of the covered call writing strategy and because the funds have a yield that tends to support the stock price."

He notes that the BlackRock family of buy-write funds have taken a hit in the last month, which he says is "for no discernable reason." The result? "We think these are great buys at current prices," he says.

In particular, he likes the BlackRock World Investment Trust (NYSE:BWC) which he notes invests in global equity securities, using a buy-writes strategy to enhance its dividend payouts."

According to Lehmann, the fund invests at least 75% of its assets in equities and may invest up to 25% of its assets in income producing securities such as bonds and preferreds. He adds that the fund invests 29% of its funds in the U.S. with the next highest country the United Kingdom at 12%. The remainder is invested in concentrations of less than 8%.

He explains, "The fund writes covered calls on about 45% of its holdings. The fund invests in various sectors with the highest concentration in finance and banking." Lehmann points out that the fund trades at a 3.07% discount to its net asset value and yields 8.32%.

For more stock picks from the leading financial newsletter advisors, visit Steven Halpern's free daily website, TheStockAdvisors.com.

Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Picks Report.

LanOptics Ltd. (NASDAQ: LNOP) is a top speculative selection for 2007 from George Gilder. The technology guru and editor of The Gilder Technology Report explains, "Yokneam, Israel-based LanOptics has been a beauty for investors in 2006, nearly tripling off of its $5 price at the beginning of the year.

"Through its subsidiary, E.Z. Chip Technologies, Ltd., LNOP sells network processors or NPUs -- programmable chips that process data, voice, and video packets at high speed -- which should gradually find their way into Ethernet switches and routers across the network, especially in metro regions as triple-play applications become ubiquitous.

"This company has been building momentum, and the window of opportunity to buy at start-up prices may be drawing to a close. The network industry is now as innovative as the PC industry was, constantly changing and creating new products. E.Z. Chip has survived because it boasts the most flexible and most highly integrated chips, becoming a general-purpose solution to the network market -- much as the microprocessor was to the PC.

"Volume markets for 10-gig NPUs are quickly developing -- welcome news for LNOP, which is a champion at reading packets, deciding how to distribute them, and converting them to the appropriate protocols at wire-speed. We expect upside surprises over the next two years."