On a platter evenly coat the steaks with olive oil.
Cover top, bottom, and sides of steaks with salt and pepper.
Turn your smoker on the smoke setting and run for five minutes. I use a Traeger so that temp is 150-180.
Place the steaks on the grill and close the lid. Smoke for thirty minutes.
Remove steaks and place inside. Turn your smoker to high and close the lid. Allow temperature to reach the hottest available temperature. For my Traeger thats about 400 degrees.
Place steaks back in smoker and close the lid. Allow about five minutes per side for a nice medium. I use my ThermoWorks Smoke probe meat thermometer on the last turn to know when the steak hits 140 degrees.