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Traders prep their portfolios ahead of first presidential debate

The "Fast Money" traders reexamined their portfolios ahead of the first presidential debate between Donald Trump and Hillary Clinton.

Trader David Seaburg said if the S&P 500 nears the 2,100 level, he might look at the biotechnology and technology sectors.

Trader Tim Seymour said volatility is an obvious trade as the presidential race will only get closer as we near election day. He also said that if Trump takes the lead after the debate, the Mexican peso will weaken against the dollar on Tuesday, which would be a buying opportunity.

Trader Dan Nathan said that if the New York businessman is the clear winner, markets will go lower and be more volatile.


Disclosures:

TIM SEYMOUR

Tim Seymour is long APC, AVP, BAC, BBRY, CLF, DO, DVYE, EDC, EWZ, F, FB, FCX, FXI, GM, GOOGL, 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.

KAREN FINERMAN

Karen Finerman is long AAL, BAC, C, DAL, DRII, DRII calls, FB, FL, GOGO, GOOG, GOOGL, JPM, LYV, KORS, KORS calls, KORS puts, M, MA, SEDG, SPY puts, UAL, URI, WIFI long call spreads. Her firm is long ANTM, AAPL, BAC, C, C calls, DRII, DRII calls, FB, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, M, MOH, PLCE, SPY puts, URI, WIFI, her firm is short IWM, MDY. Finerman is on the board of GrafTech International.

DAVID SEABURG

Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc. David Seaburg and Cowen have a financial interest in EDIT. Diamond Offshore: an employee of Cowen and Company, LLC serves on the Board of Directors of Diamond Offshore. EXPE, HZNP, VA – Not approved.

DAN NATHAN

Dan Nathan is long TWTR, long PYPL call calendar, Long FEZ Nov put spread, long EEM Nov put spread, long XHB Jan put spread, long XLK Jan put spread, XLU Dec call spread.