Collar on Leveraged position?

So let’s say I buy 100 shares of SPY on margin and then put on a cost less collar on those 100 shares. My idea was to use this strat to get leveraged exposure but significantly reduce the risk of a margin call in the case of another liberation day type event. I can’t find any info online or this subreddit about this type of trade. Does anyone have any experience with this or know what it’s called or if it’s the dumbest strat of all time?