Combine meatball ingredients in a medium bowl and mix thoroughly by hand.Form into approximately 15 two inch meatballs.Coat the bottom of the Instant Pot insert with the olive oil.If you wish to brown them, turn on the saute function and brown on both sides – or brown in a separate nonstick pan first.Layer the browned or raw meatballs in the Instant Pot, leaving 1/2 inch of space between them.