The thirteenth tropical storm and the ninth typhoon of the season, it developed about 1,600 mi (2,600 km) southwest of Honolulu, Hawaii on September 13.
Olive reached Category 5 intensity on the modern-day Saffir–Simpson hurricane wind scale on September 16.
Olive produced significant damage on Wake Island, where wind gusts reached 142 mph (229 km/h).
[2] Tropical Storm Olive, moving west-northwest near 10 mph (16 km/h), turned toward Wake Island on September 15.
Continuing to intensify, Olive passed near Wake Island, where maximum sustained winds of 127 mph (204 km/h) were recorded.
Around this time, reconnaissance aircraft reported a minimum central pressure of 945 mbar (hPa; 27.91 inHg).