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How to trade the first presidential debate

The "Fast Money" traders debated how investors should position their portfolios ahead of the first presidential debate Monday.

Both Hillary Clinton and Donald Trump will likely target the biotechnology and financial sectors, trader Steve Grasso said. He added that Trump is likely to be positive for traditional energy, while Clinton will be better for alternative energy. Grasso said solar stocks may pop on Clinton's comments.

Trader Guy Adami said Wells Fargo is likely to get knocked during the debate and it will likely go lower on Tuesday.

Trader Brian Kelly said he's looking at the bond market because "on both sides, the economic plans require some more debt here and nobody is really addressing that." It's something that "could spook the bond market," Kelly said. He also said that he'll be keeping an eye on currencies.

Trader Tim Seymour said volatility is likely to increase as the general election looms.

It's your money, it's your vote: Read all of CNBC's debate coverage and analysis here.

Disclosures:

TIM SEYMOUR

Tim Seymour is long APC, AVP, BAC, BBRY, CLF, DO, DVYE, EDC, EWZ, F, FB, FCX, FXI, GM, GOOGL, GRMN, GE, INTC, LQD, M, MCD, MPEL, NKE,PG, RACE, RAI, RH, RL, SINA, T, TWTR, UA, VALE, VZ, XOM. short: SPY, XRT. His firm is long ABX, BABA, BIDU, CBD, CLF, EWZ, F, HD, KO, MCD, MPEL, NKE, PEP, PF, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, short EWG, HYG, IWM, UAL

STEVE GRASSO

Steve Grasso is long BA, CC, EVGN, KBH, MJNA, MON, MU, OLN, PFE, PHM, T, TWTR, GDX. Grasso's children own EFA EFG EWJ IJR SPY. Stuart Frankel & Co Inc. and some of its Partners have a financial interest in DVN, LDP, WDR, AVP, CVX, FCX, ICE, KDUS, KO, MAT, MCD, MJNA, NE, NEM, OLN, OXY, RIG, STAG, TAXI, TEX, TITXF, URI, VALE, WDR, WYNN, ZNGA, CUBA, HSPO, ICE, AMZN, MJNA, TITXF, NXTD, SPY, QQQ, DIA, XLI, BGCP, VIRT, JCP, GE, AIR, FP

BRIAN KELLY

Brian Kelly is long Bitcoin, CME, DXJ, GDX, KBE, SLV, TLT, XLF, XLRE XOP, US Dollar UUP. He is short the euro and Japanese yen.

GUY ADAMI

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