Screen › Candidate profiles › TDW
Tidewater Inc (TDW) — wheel strategy suitability
Where TDW sits as an underlying for selling cash-secured puts and covered calls, and what its own price history says about the risk of being assigned into a falling stock. Snapshot of 3 October 2026.
Tidewater Inc (TDW) scores 73 on the Wheel score, which puts it in the preferred band for selling cash-secured puts and covered calls.
The score is carried by its quality (73/100) and held back by valuation (53/100). Growth is deliberately excluded from this score: fast growers tend to carry high implied volatility and gap risk, which is the opposite of what a wheel seller wants. It is not cheap, so assignment would leave you holding a fully priced stock.
It has monthly options only, which costs it a small liquidity haircut. Workable, but every roll commits you for a month.
Over the last 3.0 years it had 4 days with a fall of 10% or more (1.35 a year), a deepest drawdown of -70.3%, and a worst single session of -12.8%. That is worse than the median screened name (0.67 gap-downs a year, -44.9% typical worst drawdown).
Realised volatility runs about 53% annualised. That is high. More premium, and a materially higher chance of being assigned into a falling stock.
Entry timing currently reads as a dip within an uptrend — historically the better half of the cycle to sell puts into.
Score breakdown
| Wheel score | 73 | 0–100 suitability for options selling |
|---|---|---|
| Quality | 73 | ROIC, margins, leverage, accruals |
| Valuation | 53 | cheaper on fwd P/E, EV/EBITDA, FCF yield |
| Margin stability | — | steadier earnings score higher |
| Options listed | Monthly | weekly avoids the liquidity haircut |
| Accounting flags | 0 | −8 points each |
Realised tail risk
Computed from our own daily price history, 2023-10-04 to 2026-10-01 (749 sessions). The Wheel score is built from fundamentals, so these price-derived numbers are an independent check on it, not a restatement of it.
| Days falling 10%+ in one session | 4 | 1.35 a year |
|---|---|---|
| Deepest drawdown | -70.3% | peak to trough |
| Worst single session | -12.8% | |
| Realised volatility | 53% | annualised |
Fundamentals
| Revenue (ttm) | 1,353M USD |
|---|---|
| Revenue CAGR (3y) | 27.8% |
| Net margin | 24.7% |
| Return on equity | 24.5% |
| Share price | $82.18 |
| Days to earnings | — |
| Sector / industry | Energy · Oil & Gas Equipment & Services |
Open the TDW options chain on Yahoo Finance to check live strikes and premium — this page deliberately carries no quotes, because a quote baked into a static page is stale before you read it.
Run the numbers on TDW
Pre-filled with the snapshot price of $82.18 and 30-day realised volatility; add the strike and premium from the live option chain.