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Also, with only your base health at 18 (2815) and the Frozen Mallet (700), that totals you at 3515hp. Which means you get ~70 attack damage from your
Now lets take a
With
A whole lot of lifesteal also isn't necessary with Olaf thanks to his
Runes: This is kind of important.
Although I can understand your wanting for more attack damage early game, the runes you have just wont help you late game at all. Besides your masteries (which isn't a whole lot), you have hardly any magic resist or armor items, and no runes to help with that either. So the only amount of resist you will ever have is when you use
Part of what makes Olaf so great is the fact that he can take a hit and deal back twice the hit with his beefiness and sustain.
I would suggest getting these for runes:
Greater Mark of Desolationx9 for reds
Greater Quintessence of Desolationx3 for quints.
Without Armor penetration, you wont do anything despite your "glass cannon" build for Olaf. If someone is stacking armor to counter you, you will do hardly any damage to them. While Infinity's Edge and a Bloodthirster looks good on paper, they just don't fit a good Olaf.
This is all I will write for now, seeing as I have somewhere to be. I might come back and edit and add more, though.
1)i am sorry 103% is pointless
2)you have your w then why you need so much AS
3)where is the tankiness that defines olaf?