What is the most logical next event?

How to unhook a fish
Reel the fish in until you can grab it with your hand.
Keep the fish in the water as long as possible-do not bring it onto land, where it can flop about wildly, until you are close enough to grab it. Land the fish quickly.

Available options:
1). Pull back on the line to close the hook. Make a cut right on the line that cuts the hooked point off at the bottom of the fish, about two inches above the pin.;
2). Remove the hook in mid-dive. Use your other hand to loosen the line, if necessary.;
3). Reel in about 20 to 30 feet (3 to 4 m) away from the fish. Reel the fish in with your hook.;
4). Don't let it fight and jump until it's exhausted. Increase the drag on your reel, and make sure that your fishing line is in good condition.;
4).