I have an unloaded pistol and one backup food supply (beef jerky). I choose option 1 and will head deeper into the woods, away from town.

I ate and still have some food on me. Finding ammo would be great, but I wanted to get away from the town so at the moment going back seems like an unnecessary risk. Then again, who knows what awaits me in the woods, but I'll just have to see. Maybe an abandoned hunting cabin with ammo, tools and/or canned foods lying around? One can dream..