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For squid, all the northern sites that have sandy shallows are good, late afternoon seems to be best. Karpata, Jeff Davis, etc.
For octopus, look for rubble: shallows like Bari Reef, and Salt Pier.
There is a good size octopus at the Himla Hooker site at about 10 meters.. See Him a lot... And salt pier is always a great place to see them...
Jim
Night dives, as they are both nocturnal and a good dose of luck. Only time I saw a squid was when we were night diving off Klein Bonaire. I ran into it mid-water near the boat. I was far enough ahead of the group that it didn't get frightened off by my light. Saw it for a few seconds before it jetted away.