There's that tiny reservoir at the tip of the rubber already just for that: you really have to work hard to pull it so tight that the reservoir itself gets stretched all over the tip of your penis.
The bigger problem is that it can capture air as the condom is being put on. The pressure from that captured air increases the risk of breakage. Ergo, 'proper' application involves pinching the reservoir tip as the condom is being rolled on.
Honest question, as I pretty much just roll a condom on... Is there more to it?