LTP stands for "Last Traded Price" of an option. It is the price at which the last trade was transacted, and it reflects the option premium for the corresponding strikes. The LTP in the option chain is an important component of trading, as it helps buyers or sellers discover relevant prices of stocks that are being traded and also helps in predicting the price movement. The LTP is calculated by taking the last traded price of the option. It is one of the key attributes presented in an option chain, along with the contracts name, the latest trade data, the strike price, changes in value, change percentages, trading volume, and open interest. The LTP is also used to calculate the net change in the LTP, which is the difference between the current LTP and the previous days closing price.