Remove the steak from the refrigerator in advance so that it warms up to room temperature - about half an hour. Preheat the oven to 380F. Rub the steak with olive oil and then salt and pepper (or my dry rub linked above).
Fry the steak in a dry hot cast iron pan for 3 minutes. Turn the steak over to the other side and fry for another 3 minutes.
(if using a regular skillet to sear, you would need to remove and place the steak in an oven safe baking dish) If using cast iron you can transfer from stove to oven now. Bake for about 5 minutes for medium rare or 7 minutes for medium.
When done, remove from oven, lift meat out of pan and into a piece of foil, wrap up and leave to rest, wrapped, for 10 minutes. At this time the temperature inside the steak will rise about 5 degrees more and lock in the moisture so it is as tender as possible.
Notes
Ideal temperature is 130 before you wrap it in foil so it is medium but still a bit rare. This cut will not get more tender the longer it cooks so you do want pink. You can refer to our What Temperature to Cook Steak