In the second edition of Hanlon and Messenger's Cephalopod Behaviour they report that no octopus have been observed in the field to stalk their prey. The Larger Pacific Striped Octopus may be the exception. While this rare octopus has not been observed to stalk in the field, Rodaniche recorded stalking behavior by animals held in a large "swimming pool" and Caldwell et al. saw many cases of what appeared to be stalking by animals held in aquaria. In this video a young male LPSO pursues and captures a shrimp. It sure looks like stalking to me. You be the judge.