How can I determine which option contracts are in the money?

On the TWS, select the Edit and then Global Configuration menu options from the top menu. This will open the Configuration pane which contains a menu tree on the left-hand side. Select the Configuration menu followed by DIsplay and Settings. You will be provided with an option to set a color for the options based upon their in-the-money status with separate settings for those that are in- and out-of-the-money.

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