Small profile apparatus for pressure and/or temperature sensing within a wellbore are provided. The apparatus may include optical sensing assemblies designed for inclusion in traditional or coiled production tubing deployments and suitable for use in high pressure, high temperature environments. One example assembly generally includes a housing having a divider for separating a first volume from a second volume inside the housing, a compressible element disposed in the first volume, wherein a first end of the compressible element is coupled to the divider and a second of the compressible element is sealed, and a large diameter optical waveguide disposed in an internal volume of the compressible element. The waveguide typically includes a first portion with a first grating and a second portion with a second grating, wherein the first portion has a greater outer diameter than the second portion.