For a spin $\dfrac{1}{2}$ particle, the probability amplitude for finding the particle in the state $\left| \dfrac{1}{2}, \dfrac{1}{2} \right\rangle$ along an axis making an angle $\theta$ with respect to the $x$-axis is given by:
\[
\left| \langle \dfrac{1}{2}, \dfrac{1}{2} \mid \hat{x'} \rangle \right|^2 = \cos^2{\left(\dfrac{\theta}{2}\right)}.
\]
Thus, the probability of finding the particle in the spin up state along the direction $\hat{x'}$ is $\cos^2{\left(\dfrac{\theta}{2}\right)}$, which corresponds to option (D).