Pat the steak dry. Allow to sit at room temperature for 15 to 20 minutes.
Preheat the oven to 350°F.
Pat the steak dry again, if needed, sprinkle on both sides with salt and pepper.
Heat the olive oil in a cast-iron skillet over high heat.
Add the steak, cook for two minutes, flip and cook on the other side for one minute.
Transfer to the oven and cook for 7 minutes or until the thickest part of the steak reads 120 on a meat thermometer.
Remove from the pan and allow to rest for ten minutes. Thinly slice.