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Thank you for your question.
You are most likely having what is called as subconjunctival hemorrhage.
This can happen due to a break in the tiny blood vessels in the white of the eye which can happen due to straining, coughing, sneezing among other things.
It it is harmless and will fade away in due course of time i.e. in a week or two at the most.
Hello there,I am Dr. Syed from Dr. Parker's medical team and will be helping you out with your concerns today.I am sorry to hear about your problem.Can you please upload a picture of your problem on www.tinypic.com and send me the URL which will appear on the left-hand-side so that I can help you out in a better way.Kindest regards