Clean your squid and cut into ½ inch chunks. Be sure to rinse off any sand. Save a few ink sacs for flavor if you want. *You can also use pre-cleaned and prepared squid rings.
In a large, heavy pot heat about ¼ cup of extra virgin olive oil and add the squid to quickly brown on all sides.
Remove the browned squid and add the diced onion and pepper. Saute over a medium heat until cooked through, about 10 minutes.
Add the garlic and cook for about 3 minutes.
Add back the squid and the white wine. Cook for a couple of minutes.
Add the stock, bay leaves, and potatoes. Bring to a boil.
Cover and lower the heat to a slow simmer.
Cook for about 30 minutes, or until the potatoes are tender.
Season with salt, pepper, and cayenne if you want a spicy kick.
Enjoy with a cold glass of white wine (or manzanilla sherry!)