For the scallops: Pat scallops dry with a paper towel, and sprinkle with salt and pepper. Press Sauté on the Instant Pot, Normal heat. Once HOT, drizzle in the olive oil. Add scallops to hot oil, and cook undisturbed until golden brown - about 2 minutes. Flip and cook until cooked through, 1 to 2 more minutes. Take out of the pot and set aside covered.