Hi Roger,

Thank you for posting in our forums!

Even that is possible to assign formatted raw string to UltraOptionSet’s item display text, it will never be formatted and rendered as per your expectations, because it doesn’t know how to convert HTML tags and apply formatting. It simply renders plain text, nothing more nothing less.

Based on your HTML, I understand that you want to change the color of inner word inside particular string. This could be achieved using a draw filter. For more information about using this interface, please see the following documentation page: http://help.infragistics.com/Help/Doc/WinForms/2012.2/CLR4.0/html/Win_Draw_Filter.html

However, I created a sample project for you, where you can find implementation of your requirement - formatted UltraOptionSet’s item display text.

Please let me know if you have any additional questions.