In a medium bowl, combine 8 ounces of softened cream cheese with one packet of ranch dressing mix, stirring briskly until completely blended. Add in ½ cup of finely chopped red peppers, ¼ cup of finely chopped green onions, and ¼ cup of chopped black olives.

Lay out a flour tortilla on a clean cutting board. Use a spatula to spread approximately ¼ of the cream cheese filling evenly across the tortilla, leaving a ½-inch border at the edges.

Starting at one edge, carefully roll the tortilla tightly away from you, ensuring the filling stays inside. Once rolled, secure the ends by tucking them slightly inward and wrap each roll tightly in plastic wrap.

After refrigerating for at least 2 hours, remove the plastic wrap and slice each roll into ¼-inch pinwheels. Arrange the Cream Cheese Ranch Roll Ups on a serving platter.