After returning to the United States for a two-month leave, Olds began a full second tour at Wattisham on January 15, 1945. He was assigned duties as operations officer of the 434th Fighter squadron. Promoted to major on February 9, 1945, Olds claimed his seventh victory southeast of Magdeburg, Germany the same day, downing another Bf 109. On February 14, he claimed three victories, two Bf 109s and an Fw 190, but one of the former was credited only as a "probable".