Seems to me like the wing drop is a typical pre-mating behaviour and if so it suggests that he thinks you are one of his girls! There are lots of threads on how to raise roosters, but here's a few things i picked up, and off the top of my head:
1. Never walk around your roo, walk through him - he must move for you.
2. Never allow him to mate in your presence - knock him off the hen if he tries
3. Never let him crow in front of you - thats a sign of dominance and defiance
4. Not every day, but occasionally prevent him from feeding with the hens for a minute or so
Personally, i use a pressurised water spray (the kind one uses for indoor plants) as my weapon of choice. It certainly does the trick and my rooster would run a mile when i picked it up!
At the end of the day, roosters are wired not to be friendly towards humans, but engendering a healthy respect of humans is necessary if they are to survive, and its our responsibility to make sure the a roo understands who is exactly in charge. I did not follow the above guidelines with my first rooster and it attacked me then went in the slow cooker. I did follow them with my second rooster (also in the pot, but thats cos i have no use for him) but all was fine and he never showed any inclination to attack me.
There's lots of opinions on how to deal with roosters, but these are from what i can remember and what i used to do - nothing is written in stone.
All the best