Verifiably false. Look at the November 17th $600 Call option for GOOG today. Its selling for $59.40 it has an intrinsic value of 59.05 and a time value of $0.35. In this case the time value is two orders of magnitude _less_ then the intrinsic value. That's just one example to prove my point. Your whole concept of options is bad, and you should feel bad
I said at the money not deep in the money genius. That call is almost a stock. Most options are traded at the money and most of the money is made there too. My statement is true.
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
