First Time Selling Option

I have bought 100 USO at 28.00 today and sell FEB 29 call option against it at 1.20 today and collected $120 commission on it. This is my first covered call. My first executing put option (i had bought FAZ put JAN 09 expiration) was disaster and sent my account in -ve terittory. So this time i am trying selling covered call option and see how i do it.

I also bought 100 CBI at 11.00 today with 10.50 stop and about 14.00 target.