I'm going to say "not possible". Hybrid eclipses do occur as the curved surface of the Earth isn't a fixed distance from the moon, and so the distance from the point on the Earth's surface to the moon isn't constant. But the moon's transverse motion is much greater. To achieve an annular->total eclipse in one location, the "back" limb of the moon would have to be moving in the opposite direction to the front limb (relative to the sun). This would be possible if the moon was rapidly approaching us. In that case the increase in apparent size of the moon would be so large that one edge of the moon would appear to move east, while the other appears to move west.
But this doesn't happen. Both limbs of the moon move east, relative to the sun, perhaps with one limb moving very very slightly faster than the other due to the radial motion of the moon. As both limbs are moving in the same direction, they can't go from being both within the solar disc to both outside the solar disc. And so there is no fixed location that could experience an annular eclipse becoming total.
You could only see both an annular and a total eclipse if you move your location during the eclipse, in an aeroplane, for example.
At the point of transition, you may see a complete set of Bailey's beads, as the sun shines through valleys on the moon's limb.
Sourced from http://www.naasbeginners.co.uk/News/SolarEclipseMarch2015.htm
That is about as close as you can get to being "both annular and total" (but it counts as "annular", if anyone is keeping track).