01 - Preheat oven to 400°F and line a baking sheet with parchment paper or foil; place a wire rack on top if available.
02 - Divide asparagus spears into 8 bundles of three spears each.
03 - Drizzle asparagus bundles with olive oil, toss to coat evenly, then sprinkle with 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; place seam-side down on the rack or baking sheet.
05 - Roast bundles for 18 to 20 minutes or until 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.