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In a small bowl combine salt, pepper, garlic, and softened butter. Rub on both sides of filets. Let rest 10 minutes.
When ready to cook, start the Traeger on Smoke with the lid open until a fire is established (4-5 minutes). Turn temperature to 450 degrees F and preheat, lid closed, for 10 to 15 minutes.
Place steaks directly on the grill and cook for 5-8 minutes on each side, or until the filets reach an internal temperature of 135-140 degrees F for medium rare. Enjoy!
With filets there will not be much marbling, so look for a rich, red color.