...keeping the Big Squid, like Anthony mentioned is a Great idea...especially for eatin...(it makes cleaning them, much more easier)...
BUT!! ..those big ones are great on the hook too!!...better than the small en's...
...what I usually do when I plan on keeping some for eating is,...I bring two buckets, 1 normal size..the other a smaller one...I try to catch the ones fer eatin' first!!...I leave them on the jig a bit longer...to allow them to fully "GUSH"

..then I place them in the larger bucket with some clean water to allow them to flush themselves out some more, changing the water frequently...as they clean themselves. Then I place them in the smaller bucket.
...As far as live~lining them, one small detail Anthony left out was that if you penetrate the body cavity, they will DIE!!...there is a small area near the head, that offers a spot to hook them...Once you get good at it, you can try and place the hook in the skin of the body without piercing it

..practice makes perfect!
...gotta run....more details later.....