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In this video tutorial by Trump Excel, the presenter explains how to insert and use radio buttons (option buttons) in Excel. To display the Developer tab, right-click on the ribbon, select "Customize the Ribbon," and ensure the Developer option is checked. Once the Developer tab is visible, go to it, click on the "Insert" option under the Controls section, and select the "Option Button." To insert a radio button into the worksheet, click the option button and then click anywhere on the worksheet. This will create a radio button labeled "Option Button 1." The tutorial continues to cover further usage of radio buttons in Excel.