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In this video tutorial by Trump Excel, the presenter demonstrates how to insert and use radio buttons (option buttons) in Excel. First, users need to enable the Developer tab by right-clicking on the ribbon, selecting "Customize the Ribbon," and ensuring the Developer option is checked. Once the Developer tab is visible, the presenter shows how to insert a radio button by accessing the Insert option within the Controls section of the Developer tab. By clicking on the option button and then on the worksheet, the user can place the radio button on their worksheet, which appears as a selectable circle with the default label "Option Button 1."