I find I got lotsa wind knots when I was casting with the tip moving in a circular motion of some sorts. Still happens, usually when I'm not watching my line fly
I've become accustomed to noticing the telltale "whooshing" sound my leader makes whenever I've created a knot (not tightened from casting too much yet) so I just undo it then.
I've read that a knot in the leader can decrease the strength of the line in half. Not sure about it tho. Think about when you're busting off a big chum so you can have more time to fish for coho....the leader usually snaps at the knot, or at a knick/scratch in the leader.
If you leave the knot there, you've weakened your leader and are giving the fish more of a fighting chance.
If you untie it and keep using your leader, the kink that's been created will form a weak spot in your leader.
Both options c and d are good. D being the best, leader strength wise. Remember that all knots weaken the line. Ultimately there will be a stress point in the knot which will tend to break before an unknotted portion of line.
I've been using 8 lb leader, so a surgeon't knot or blood knot doesn't weaken the line so much that I still can't fight a fish, with care. Replacing the leader depends also on where the knot is. If its not going to make a huge difference to just cut off the knot and shorten the leader to where the knot was, then I do just that. If the knot is right in the middle of that portion of my leader, then I just replace that portion.
Hmm, wonder how many times I repeated myself
T
<modified after doing some searching>
Here's something I found on the net:
Knots represent another area of saltwater fly fishing where little things mean a lot. A simple overhand knot in a leader can reduce its breaking strength by up to 50 percent. No one intentionally ties overhand knots in their leaders, but they get there just the same. We all know them as wind knots, and they usually appear after a cast goes awry.
Whenever you have a cast go bad, immediately strip in the line and check the leader for wind knots. If one is found, it can usually be worked out rather easily because it has not had a chance to tighten up due to additional casting or fighting a fish.
If a knot is found that has already been pulled tight, resist the natural tendency of taking a fly and trying to work the knot apart with the hook point. A sharp point can nick or cut the leader material that can go undetected until the leader pops under the weight of a fish. It's better to rebuild the leader or tie on a new one.
The rest of the article here...
http://www.flyfishinsalt.com/article.jsp?ID=32068&typeID=334&categoryID=256And just one more which states the same...
http://www.flyanglersonline.com/begin/knots/crknot.html