A Hollywood director took millions of dollars in Netflix funding and used it to trade options and crypto, report says. Here's a closer look at how he used the cash.

• A movie director used Netflix funds to trade options and cryptocurrencies, The New York Times said.
• "47 Ronin" director Carl Erik Rinsch bet on Gilead Sciences and dogecoin, and against the S&P 500.
• He lost $6 million on options, but a winning bet on dogecoin boosted his balance to $27 million.

A Hollywood director took millions of dollars of production funding from Netflix and used it to trade stock options and cryptocurrencies, The New York Times said on Wednesday. Here's a closer look at what he reportedly did with the money.