I have an issue with the vertical alignment of circled text with TikZ. This basic code causes the problem I have.
\texttt{some text here =}
\tikz[remember picture] \node[draw,ellipse,fill=none,thick] (code) {\texttt{other text}};
The problem is that the displayed text 'some text here=' is not vertically aligned with the displayed text 'other text'. I read about anchors in the documentation and they looked promising, but I've been unable to get them to work for me so far. Perhaps I could do this by making the left hand side a node, but I don't think that should be necessary? Any suggestions would be much appreciated!

\tikzoptionsbaseline=-0.825ex: that should fix the problem. – Claudio Fiandrino Aug 18 '12 at 13:53