Options are basically Hedging Instruments , but now-a-days are wrongly used for earning QUICK bucks in short time !
ITM options have
high Delta with intrinsic and time value and are considered as some-what
CONSERVATIVE instruments and are
more EXPENSIVE compared to OTM options hence
have less STRATEGY buyers with less volume.
Retailers ( which are large in numbers) always prefer to buy CHEAP OTM options (
Lottery Trades ) in large numbers , instead of EXPENSIVE ITM options
and hence mostly are losers !
If retailers stop buying OTM options, OPTION trades may no longer exist on stock exchanges and SMARTMONEY will never deal in OPTION instruments !