An apparatus is positioned within a wellbore in a subterranean formation. The apparatus includes a housing, a guide shaft, a follower, multiple underreamer blades, and a hydraulic chamber. The housing defines a track including multiple catch points. The guide shaft is disposed within the housing. The follower protrudes radially outward form the guide shaft and is received by the track. The follower and the track are cooperatively configured to restrict movement of the guide shaft relative to the housing. A rate of flow to the guide shaft is adjusted to adjust a relative position of the guide shaft with respect to the housing until the follower is located at one of the catch points. A pressure within the hydraulic chamber is adjusted to adjust a level of radially outward protrusion of the underreamer blades. The underreamer blades are rotated to cut into the subterranean formation.