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She may not be out of the Woods … but she’s leaving him in the dust.

While Tiger was missing the cut at the Quail Hollow Championship, his wife, Elin Nordegren, went for a jog over the weekend in her native Sweden.

Her wedding ring? Nowhere in sight. Her form-fitting track suit? Holla!

Since Tiger’s affair with Rachel Uchitel and double life was exposed in November, Elin’s ring finger has been photographed only a handful of times.

It came off, then was back on, now is off again. Hmm

WOMAN ON THE RUN: Far, far away from Tiger!

Elin Woods, who is said to be starting over in Sweden minus her estranged husband, is known for keeping a low profile and has not filed for divorce.

However, you have to wonder how long it will be before that formally happens – at this point, it’s looking more like a question of who will file first.

Reports say Nordegren is moving ahead with plans to divorce the wealthy Woods, even though a source told the magazine that she “still loves him.”

“She knew she’d set a bad example for the kids if she stayed,” a source said.

Pretty much.