So if you buy a option that by definition has _only_ time value, then by definition it will have very little intrinsic value. However contrary to your assertion most options are not traded there As of today (14 November 2012) on GOOG the at the money had the highest number of contracts traded at it ( ~350 at 660 ), but the total number of GOOG contracts traded was ~1100 so at the money was not even half of the contracts traded. I will leave these two links here one is to the google finance page so you can have a clue about what your trying to debate the second is to the definition of majority since you don't seem to know it

1.http://www.google.com/finance/option_chain?q=NASDAQ:GOOG&... 2. http://www.merriam-webster.com/dictionary/majority