Hurricane Olga was the fifteenth named storm and ninth hurricane of the 2001 Atlantic hurricane season. It was notable as it was the largest tropical cyclone by diameter of gale-force winds on record in the Atlantic at the time. Hurricane Olga formed as a subtropical cyclone on November 24. After acquiring tropical characteristics later that day, Olga meandered westward, and eventually reached hurricane status on November 26. Olga peaked as a 90 mph (140 km/h) Category 1 hurricane before the storm turned southwestward and weakening back into a tropical storm. On November 30 it deteriorated further to a tropical depression, although it re-intensified two days later to tropical storm intensity. Olga then dissipated as a tropical cyclone on December 4 east of the Bahamas. Its damaging effects were limited to ships at sea. The cyclone's remnants produced heavy rainfall across the Bahamas and Florida. It was a relatively rare storm to exist in December, which is outside of the normal Atlantic hurricane season.

The 2001 Atlantic hurricane season was a fairly active Atlantic hurricane season that produced 17 tropical cyclones, 15 named storms, nine hurricanes, and four major hurricanes. The season officially lasted from June 1, 2001, to November 30, 2001, dates which by convention limit the period of each year when tropical cyclones tend to form in the Atlantic Ocean basin. The season began with Tropical Storm Allison on June 4, and ended with Hurricane Olga, which dissipated on December 6.