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A decrease in the stock price will: Note: An increase in delta is the delta moving closer to 1 (if a call) or -1 (if a put), while a decrease in delta is the delta moving closer to 0. Increase the delta of a call and decrease the delta of a put Increase the delta of a call and increase the delta of a put Decrease the delta of a call and decrease the delta of a put Decrease the delta of a call and increase the delta of a put