It looks like an allergic reaction to a bug bite, they wouldn't lance it, it's not a blister or anything. Just find your allergy meds/Benadryl and take some, and wear bug repellent next time!

My skin is ridiculously sensitive and I'm allergic to stuff, so when I get a mosquito bite, I get a huge pink lump around each one, and it itches for a couple days, sigh. Different kinds of bugs leave different sizes of big pink welts.