Preheat the oven to 425 degrees and prepare a baking sheet by lining with foil. Set aside.
Thoroughly wash and dry the potatoes, then use a knife to make use a sharp knife to cut 1/8" slices across the top about ¾ of the way through the potato leaving the bottom intact.
Brush the potatoes with olive oil, being sure to get in between the slices.
Sprinkle with salt and pepper.
Bake for 45-55 minutes or until the potatoes are golden brown and cooked through.
Cut the cheddar cheese slices into pieces and place in between each slice. Return the potatoes to the oven until the cheese is melted.
Top with the sour cream, bacon bits and chives and serve.