In a large mixing bowl, whisk together the warm water, instant yeast, honey and 1 tablespoon of the extra virgin olive oil until everything has dissolved. Add the bread flour and salt, and mix very well with a spoon until no dry patches of flour remain.
Cover the bowl with a clean tea towel and leave the dough to proof for 15 minutes at room temperature.
After 15 minutes, it is time to stretch and fold. Dip your hand into a bowl of water before touching the dough to prevent it from sticking to your fingers. Now take hold of the edge of the dough at the 12 o'clock position. Pull it up to stretch, then pull it down over the bulk of the dough, finishing in the 6 o'clock position.
Repeat this action on all sides of the bowl until the dough has tightened up. If the dough doesn't tighten up into a ball, don't worry! The main point here is that you have stretched the dough to develop the gluten strength.
???Cover the bowl and leave to proof for another 15 minutes, then stretch and fold once more. You may notice it's easier to stretch the second time around - this is because the gluten in the dough has started to develop.
Gather your dough into a rough ball shape and position it in the bowl smooth-side up. Cover the bowl and leave to proof, undisturbed, for about 1-1½ hours at room temperature. The dough should have nearly doubled in size and should be puffy, bubbly and jiggly.