Bacon's better when it's candied.
Arrange rack in top third of oven; preheat to 375°. Line baking sheet with foil; set wire rack inside. Arrange bacon in single layer on rack. Bake for 10 minutes. In small bowl, whisk jelly and 2 tsp. warm water until loosened. Stir in pecans and chile; brush on bacon. Bake until crispy, about 20 minutes.