For example on comparing EEM/VWO , SPY/IVV/VOO etc and I always wonder why some ETFs are popular but options are not. I see a question How to pick ETFs that hedge against stock market crashes? that correctly says
problematic with VTI due to illiquidity and wide B/A spreads. With the SPY, it would be no problem
but wonder why. Is it OCC that is preventing it or the issuer ( e.g Vanguard) ? . What will OCC get by keeping low liquidity ? Does it cost the issuer ( iShare/Vanguard) any thing extra so keep the option illiquid to save money)
On EEM, I feel the higher expense ratio is due to the fact of its options are very liquid. Is my feeling correct ?