In a food processor, combine green olives, feta cheese, and cream cheese that is at room temperature. Add extra virgin olive oil, garlic, lemon zest, and lemon juice. Blend until creamy with some chunks for texture.

Stir in roasted red pepper, dried oregano, and optional chili flakes for spice. Add freshly ground black pepper to taste and pulse for another 15-30 seconds to combine.

Transfer to a serving bowl, drizzle with olive oil, and garnish with whole green olives for a beautiful presentation.

Cover with plastic wrap and refrigerate for at least 30 minutes to allow flavors to meld.