Preheat oven to 350.

In a medium saucepan, heat 1 tsp. olive oil over medium heat. Add jalapeño and red pepper. Add salt or seasoned salt, stir and cook until softened, 2-3 mins.

Add cream cheese and sour cream. Stir to combine.

Add 1 cup of the shredded cheese, ranch seasoning, and a pinch more salt or seasoned salt. Cook until cheese is completely melted, stirring occasionally.

Transfer to a small baking dish and top with remaining shredded cheese. Bake until cheese is melted and bubbly, about 15-20 mins.

Serve hot or cold, whatever your preference.