In a large pot, bring salted water to a boil; add lobster and simmer 10 minutes. Remove from water and break claws and tail to gather as much meat as possible; roughly chop. In a large bowl, mix lobster, butter, TABASCO® Sauce, chives, salt and pepper.
Preheat oven to 450°F. Slice jalapeños in half starting at the stem to leave it intact; gently remove seeds. Spoon lobster mixture into jalapeños; wrap tightly with a slice of bacon, about 3 times around, and remove excess bacon. Bake for 15 minutes until bacon is cooked.
Makes 6 servings.