Start by preheating the oven to 400 °F. Since we want to make the bacon nice and crispy, we will need to use an oven-safe cooling rack. Place the cooling rack on a cookie sheet to keep the oven free from drippings. 

Trim the asparagus and coat it with olive oil, salt, and pepper. 

Cut the bacon strips lengthwise and wrap each asparagus stalk tightly with it. 

Bake for ten minutes and turn it over with the help of tongs. Bake for another ten minutes or until bacon is crispy. 

To get the bacon-wrapped asparagus stalks nice and crispy, place it under "broil" for two minutes. Enjoy!