Sorta'... actually OLQ was a graded observation on leadership qualities of NAVCADs by DIs & Flight Instructors, throughout until commissioning, and Aviation Officer Candidates (AOC) during Preflight (API). After commissioning in both cases, leadership qualities became a part of normal Navy "O" performance evals, i.e. Fitness Reports or 'FitReps'. Don't believe it's used any more, since the demise of the NAVCAD Flight Training Program in the 1990s.
Ok.
OLQ = OfficerLike Qualities!
BzB