I did some additional research and I came up with this leaked photo of the iPad3. It looks like they have simplified it. iPad3
QQQ @ $63.58 Buy 10 QQQ Mar09 2012 64.00 Puts @ $0.7170 Commissions included. http://finance.yahoo.com/q?s=QQQ120309P00064000
Buy the iRumour, sell the iNews did not bear fruit on this trade. Will let this one expire, probably worthless.