Barry, as Jose has mentioned, some owners use the off season for other interests and such, a chance to get away from things after a long season. Plus some already have the players they want and aren't looking to trade.
The trading period runs for 10 weeks, up to January 31st. So, before it comes to an end, there could be more getting involved.
For me, as well as some of you, this IS our off season entertainment. I for one see this new off season trading as the "OGBL Hot Stove League".