If desired, soak the matzo in water for 30-60 seconds (this step is not necessar, but it makes it easier to cut the matzo into pieces and some people prefer the texture). Remove from water and slice into triangles.
Lay matzo on a baking sheet, drizzle olive oil over the matzo and sprinkle with salt and chili flakes. Sprinkle with cheese and place in the oven 7-10 minutes, until cheese is melty and bubbly.
Remove nachos from oven and top with your favorite toppings.