Preparation: Set up and preheat the grill for two-zone or direct/indirect cooking. While the grill is warming up, trim excess fat off the steak (if needed) and pat dry with a paper towel. Lightly coat the steaks with olive oil and then season the steaks with salt and pepper.
Grill Direct: Place the steak on the hot grill (targeting 500 degrees over the direct heat) and sear over direct heat for 3 - 5 minutes or until you see the browning occur. Flip the steak over and cook the other side over direct heat for additional 3 - 5 minutes or until you see your desired crust develop.
Grill Indirect: Move the steak to indirect heat and continue cooking, with grill closed, for additional 8 - 10 minutes or until the steak reaches 125 degrees for rare or your desired finishing temperature.
Rest: Let the steak rest for 10 minutes and then slice against the grain and serve.