01 - Set the oven to 400°F. Line a baking sheet with parchment paper or foil and place a wire rack on top if available.
02 - Divide the asparagus spears into eight bundles, each containing three spears.
03 - Drizzle olive oil over the asparagus bundles and toss to coat evenly. Sprinkle black pepper, garlic powder, and smoked paprika if using.
04 - Wrap each asparagus bundle tightly with one slice of beef bacon, starting just below the tips and spiraling downward. Position bundles seam-side down on the prepared rack or baking sheet.
05 - Roast in the preheated oven for 18 to 20 minutes until the beef bacon is crisp and asparagus is tender.
06 - Transfer bundles to a serving platter. Garnish with chopped parsley and serve with lemon wedges if desired.