You and your friend are both speculating on the future price of PLTR stock. You are anticipating that the price of PLTR stock will increase in the future, so you decide to buy a call option on PLTR stock. Your friend, on the other hand, is anticipating that the price of PLTR stock will decrease in the future and decides to buy a put option on PLTR stock.

If, holding all else constant, PLTR stock becomes less volatile, then the value of your call option will _____, while the value of your friend's put option will _____ .