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7 ways to play the selloff

Opportunities exist even while markets plunge. Some stocks have hit enticing prices amid the current selloff, and traders on CNBC's "Fast Money" see potential in the current climate.

Caterpillar was a common play, as its price looked appealing after the stock fell nearly 5 percent on Monday. Traders also looked into airline and automotive stocks, including Ford, amid the low oil price environment.

Traders work the floor of the New York Stock Exchange.
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Traders work the floor of the New York Stock Exchange.

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Check out the clip above to see the full array of selloff recommendations.