Recommendation for compressing JPG files with ImageMagick

I want to compress a JPG image file with ImageMagick but can’t get much difference in size. By default the output size is bigger than the input. I don’t know why, but after adding some +profile options and setting down the quality I can get an smaller size but still similar to original.

The input image is 255kb, the processed image is 264kb (using +profile to remove profiles and setting quality to 70%). Is there any way to compress that image to 150kb at least? Is that possible? What ImageMagick options can I use?

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