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5 trades ahead of Greek referendum

Regardless of how Greeks vote in Sunday's bailout referendum, the euro is primed to rally, said CNBC "Fast Money" trader Brian Kelly.

Read MoreExpect yes Greek vote, banks to stay closed: Chamber head

If Greece votes to accept its creditors' bailout terms, the euro will rally, he said. If voters do not, the euro could still climb because of short covering.

"Get long euro either way," he said. One possible method is the Guggenheim CurrencyShares Euro Trust.

Protesters wave Greek and EU flags during a pro-euro rally in front of the Parliament building, in Athens, on June 30, 2015.
Yannis Behrakis | Reuters
Protesters wave Greek and EU flags during a pro-euro rally in front of the Parliament building, in Athens, on June 30, 2015.

Trader Tim Seymour looked to plays on other European countries, such as the iShares MSCI Spain Capped ETF and the iShares Currency Hedged MSCI Germany ETF. The Spain ETF, in particular, could get a boost from the euro going higher on a yes vote, he said.

Read MoreGreece's Tsipras digs in against bailout

Deutsche Bank would make a strong play either way, said trader Guy Adami. If it sells off, it looks appealing at a cheaper valuation, but if it moves higher, it could be primed for a breakout, he contended.

If U.S. markets take a hit from the referendum, large-cap biotech stocks could fall to a cheaper entry point, said trader David Seaburg. He looked to the iShares Nasdaq Biotechnology ETF.

Disclosures:

Tim Seymour

Tim Seymour is long AAPL, T, BAC, C, DIS, F, GE, GM, GOOGL, INTC, JPM and SUNE. Tim’s firm is long BABA, BIDU, MCD, NKE, NOK, SBUX and YHOO.

Brian Kelly

Brian Kelly is long BBRY, BTC=; TAN, TLT, TSL and U.S. 30-year bonds. He is short euro, yuan and yen. Today he bought TLT and U.S. 30-year bonds.

Guy Adami

Guy Adami is long CELG, EXAS and INTC. Guy Adami’s wife, Linda Snow, works at Merck.