Octopus Stew as seen on Ramsay's F-Word

I love cooking shows. Master Chef, The F Word, Kitchen Nightmares (The British version for sure), In Search of Perfection, Good Eats, Jamie Oliver, the lot. Great inspiration for the kitchen. In the recent edition of the F Word, Ramsay had local restaurants battle it out in the kitchen to become the best locale restaurant. He had divided the contestants into categories according to their cuisine. In the best Italian restaurant episode Ramsay went to Italy to catch some Octopus and ended up making a little octopus stew. From what I could see, this is how he did it.

Ingredients:
1 octopus
Splash white wine
salt, pepper
Bay leaf
1 red chilli
1 red onion
2 cloves of garlic
2 plump tomatoes
Olives
1 tbsp. Capers
Fresh Parsley
1 to 2 cups of fish stock
Olive oil

Bring a big pot of water to a boil, add plenty of salt, a bit of white wine, and 1 or 2 bay leafs. Rinse the octopus and boil it in the water 10 minutes under lid.
Meanwhile, fry the chilli, onion and garlic in a bit of olive oil at medium heat until it's soft and translucent.
Take out the octopus, remove as much of the skin as you can. Cut the tentacles in bite sizes, and use the meaty part of the head. Discard the rest.

Add the octopus to the onions, along with the chopped tomatoes, chopped olives, capers and parsley.
Add fish stock and a bit of olive oil. Let it simmer without lid 30-35 minutes until the stock is reduced and thickened.

One tasty octopus stew coming up.