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Football (US) OTA is the NFL Acronym for Organized Team Activities. Per the Collective Bargaining Agreement, each NFL team is allowed to schedule a certain number of OTA's during the offseason. Fun fact: *technically* OTA's are Voluntary, and teams are not allowed to penalize players for not attending (with one exception, covered below).
OTA does not stand for Organized Team Activity. First, OTA's are voluntary and thus avoided by some members of the roster. Calling them an Organized Team activity is at best incomplete. Second, it is strictly non-contact. Hitting is not allowed during the OTAs to protect the players, thus Activity is a bit misleading. Per the Official Site OTA practice sessions are basically instructional in nature and run until the actual mini camps in mid-June.