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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. To access the Developer tab, users are instructed to right-click on any ribbon option, select "Customize the Ribbon," and ensure the Developer option is checked. Once the Developer tab is available, users can locate the insert option under controls. By selecting the option button and clicking anywhere on the worksheet, an option button is inserted, represented by a circle with the default text "Option Button 1." The tutorial continues to explain further functionalities of the radio buttons as needed.