Recommendation for compressing JPG files with ImageMagick

I use always:

• quality in 85
• progressive (comprobed compression)
• a very tiny gausssian blur to optimize the size (0.05 or 0.5 of radius) depends on the quality and size of the picture, this notably optimizes the size of the jpeg.
• Strip any comment or EXIF metadata

in imagemagick should be

convert -strip -interlace Plane -gaussian-blur 0.05 -quality 85% source.jpg result.jpg

or in the newer version:

magick source.jpg -strip -interlace Plane -gaussian-blur 0.05 -quality 85% result.jpg

Source.

From @Fordi in the comments (Don't forget to upvote him if you like this): If you dislike blurring, use -sampling-factor 4:2:0 instead. What this does is reduce the chroma channel's resolution to half, without messing with the luminance resolution that your eyes latch onto. If you want better fidelity in the conversion, you can get a slight improvement without an increase in filesize by specifying -define jpeg:dct-method=float - that is, use the more accurate floating point discrete cosine transform, rather than the default fast integer version.

I'm using the Google Pagespeed Insights image optimization guidelines, and for ImageMagick they recommend the following:

-sampling-factor 4:2:0
-strip
-quality 85 [it can vary, I use range 60-80, lower number here means smaller file]
-interlace
-colorspace RGB

Command in ImageMagick:

convert image.jpg -sampling-factor 4:2:0 -strip -quality 85 -interlace JPEG -colorspace RGB image_converted.jpg

With these options I get up to 40% savings in JPEG size without much visible loss.